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Sunday, October 17, 2010

Eastern Bank: Unofficial Problem Bank List at 875 Institutions

The unofficial list of problem banks has fallen this week in the number of institutions and assets. There were eight additions and six moves to leave the list of 875 schools, down from 877 last week.

Eliminating regional averages have contributed to the decrease of the total assets of U.S. $ 401.6 to 417.3 billion U.S. dollars.

The shipment includes two of the three failed banks - Security Savings Bank, FSB (508 million) and Westbridge Bank and Trust (91 million). Interestingly, another decision this week - Premier Bank (1.2 billion dollars) was not published an enforcement action.




Eastern National Bank (446 million) had completed their performance. Carolina First Bank ($ 11.6 billion) were merged into TD Bank, NA, at the end of September. Three subsidiaries of Lauritzen Corporation (Ticker FINN) - First National Bank, Fort Collins, CO (1.9 billion), Banco del Castillo, National Association, Dekalb, IL (1.1 million) and First National Bank Kansas , Kansas, KS (745 million dollars) were merged into a subsidiary of First National Bank of Omaha, leaving a subsidiary, First National Bank South Dakota, always on the list. We expect other companies in the portfolio of several banks and financial Premier Bancorp (ticker: PFBI) to merge its subsidiaries subsidiary low stronger. The other was a fusion movement without the help of First Bank, Farmersville, TX (95 million) of the independent World Bank, McKinney, Texas.

As predicted last week, the OCC issued its implementing measures for late August / early September. Six national banks have been added this week are first Texoma National Bank, Durant, TX (215 million), First National Bank of Eagle River, Eagle Rover, WI (158 million), North Georgia National Bank, Calhoun, GA (142 million), Camden National Bank in Camden, AL (119 million), First National Bank, Groesbeck, TX (50 million) and National Bank of Nevada Las Vegas, NV (39 million dollars.)

Other changes this week included a corrective to shares issued by the OTS against Appalachian Community Bank (90 million), and a name change and pull for hire Bay Cities National Bank (273 million dollars States USA) Opus Bank and the status of non-Member State.

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