Unofficial Problem Bank list declines to 729 Institutions

This is an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for July 26, 2013.

Changes and comments from surferdude808:

The FDIC released its enforcement actions through June 2013 on Friday. This release led to many changes to the Unofficial Problem Bank List. For the week, there were eight removals and three additions that leave the list holding 729 institutions with assets of $260.9 billion. A year ago, the list held 900 institutions with assets of $349.5 billion. For the month, the list declined by 20 institutions after 19 action terminations, seven unassisted mergers, and six additions. The monthly net decline of 20 institutions is the highest since publication of the list.

Actions were terminated against Amalgamated Bank, New York, NY ($3.6 billion); Parkway Bank and Trust Company, Harwood Heights, IL ($2.0 billion); Alliance Bank, Lake City, MN ($579 million); ISB Community Bank, Ixonia, WI ($285 million); First Trust and Savings Bank, Oneida, TN ($149 million); First Pryority Bank, Pryor, OK ($116 million); The Citizens Bank, Enterprise, AL ($95 million); and Bancroft State Bank, Bancroft, WI ($70 million).

The three additions this week were The Bank of Union, El Reno, OK ($388 million); First Security Trust Bank, Inc., Florence, KY ($93 million); and The Citizens State Bank and Trust Company, Woodbine, KS ($16 million). Also, the FDIC issued a Prompt Corrective Action order against Securant Bank & Trust, Menomonee Falls, WI ($202 million), which has been under a formal enforcement action since 2010.

CR Note: The first unofficial problem bank list was published in August 2009 with 389 institutions. The number of unofficial problem banks grew steadily and peaked at 1,002 institutions on June 10, 2011. The list has been declining since then.