Unofficial Problem Bank list declines to 662 Institutions

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

Here is the unofficial problem bank list for November 1, 2013.

Changes and comments from surferdude808:

Other than an unusual bank closing on Wednesday, the week was fairly routine for the Unofficial Problem Bank list with seven other removals. After the removals, the list holds 662 institutions with assets of $229.4 billion. A year ago, the list had 861 institutions with assets of $328.4 billion.

This Wednesday, the state of Florida and the FDIC closed Bank of Jackson County, Graceville, FL ($25 million). Apparently, the bank's board of directors had made a legal filing delaying the closing. An appeal period lapsed on Wednesday, which allowed the closing to proceed.

Actions were terminated against Hudson Valley Bank, National Association, Stamford, CT ($2.98 billion Ticker: HVB); Advantage Bank, Cambridge, OH ($756 million Ticker: CAFI); and First Community Bank, Glasgow, MT ($231 million).

Four banks found merger partners including Security Savings Bank, SSB, Southport, NC ($220 million); Diamond Bank, FSB, Schaumburg, IL ($164 million); United Commerce Bank, Bloomington, IN ($128 million); and Bank of Indiana, National Association, Dana, IN ($91 million).

There is nothing new to pass along on Capitol Bancorp, Ltd.