Unofficial Problem Bank list declines to 677 Institutions

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

Here is the unofficial problem bank list for October 18, 2013.

Changes and comments from surferdude808:

The OCC released its enforcement action activity through mid-September 2013 this week. The release led to many changes to the Unofficial Problem Bank List. In all, there were seven removals and one addition that leave the list holding 677 institutions with assets of $236.8 billion. A year ago, the list held 865 institutions with assets of $333.2 billion.

The OCC terminated actions against Golden Bank, National Association, Houston, TX ($566 million); First National Banking Company, Ash Flat, AR ($374 million); Valley National Bank, Tulsa, OK ($211 million); United Fidelity Bank, fsb, Evansville, IN ($170 million); Mutual Federal Savings Bank, A FSB, Sidney, OH ($112 million); Heritage First Bank, Rome, GA ($99 million); and Mutual Federal Bank, Chicago, IL ($75 million).

Added this week was The First National Bank of Sullivan, Sullivan, IL ($65 million).

Capitol Bancorp, Ltd. was in the news this week for agreeing to sell four of its banking subsidiaries to Talmer Bancorp, Troy, MI ($3.8 billion), which controls an Ohio-based thrift and a Michigan-based commercial bank. The units being sold are Michigan Commerce Bank , Ann Arbor, MI ($612 million); Bank of Las Vegas, Henderson, NV ($235 million); Indiana Community Bank, Goshen, IN ($97 million); and Sunrise Bank Of Albuquerque, Albuquerque, NM ($47 million). Talmer Bancorp is backed by Wilbur Ross and the deal is contingent upon the FDIC granting cross-guarantee waivers for each bank.