This blog attempts to educate people about how our economy works and to provide updates on what is going on in the economy that may affect them (See personal story at the bottom of the page). Neither this blog nor I are investment advisors, any opinions posted on this site are my own. Please seek a professional investment advisor to fit your personal investment goals.
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Sunday, September 26, 2010
Update on Unofficial Problem Bank List
The Unofficial Problem Bank List increased by 18 banks, changes included 3 removals and 21 additions. Two of the removals were due to the failures of Haven Trust Bank Florida and North County Bank and 1 removal from an unassisted merger Sunrise Bank of Atlanta. The previous problem bank count was 854 with assets of $416 Billion and is now 872 Institutions with $422.6 Billion from last week. (Summary Credit to CalculatedRisk). The link to the Unofficial Problem Bank List is here.
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