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Sunday, December 12, 2010

Weekly Updated Unofficial Problem Bank List

CalculatedRisk released their latest update of the Unofficial Problem Bank List with 919 institutions on the list declining by 1 from the previous weeks 920.  Total assets increased by $1.1 billion dollars to $411.4 billion.

Three additions to the list include Intervest National Bank, New York, NY; Great River Holding Company -- RiverWood Bank, Baxter, MN and RiverWood Bank, Bemidji, MN.

Removals include the two institutions that failed this week; Paramount Bank and Earthstar Bank as well as Millennium BCP Bank National Association, Newark, NJ (Voluntary Liquidation) and Oceanside Bank, Jacksonville, FL (acquired by The Jacksonville Bank).

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