Updated Problem Bank List

CalculatedRisk's Unofficial Problem Bank List showed that there was no change this weeks number of banks on the list and remains at 877 problem banks.  The Problem Bank List is a list of banks that are at risk of failing (not necessarily that will fail, but most failures have at one time been on the list).  Assets of the problem banks were increased slightly from $416.1 billion to $417.3 billion.  Knowing the assets of these problem banks is imported as it shows how much money is at risk (or needs to be covered by the FDIC or ultimately us as tax payers) if it fails.  Even though the number of banks on the list did not fail there were changes to the list, 3 removals and 3 additions occurred.

Removals: 
First National Bank and Trust Company - removed due to action termination
First National Bank & Trust Company in Larned - removed due to merging with another bank already on the Unofficial problem bank list
Clear Creek National Bank - removed due to mergint with another bank already on the Unofficial Problem Bank List

Additions:
Valley Bank, Roanoke,VA
Fullerton Community Bank FSB, Fullerton CA
Fort Lee Federal Savings Ban FSB, Fort Lee, NJ

See the Unofficial Problem Bank List here.