Dave Manuel Logo
Friday, November 20, 2009




 
FRONT PAGE
QUOTES
REVIEWS
ARTICLE ARCHIVE
NEWSLETTERS
DICTIONARY
TWITTER ALERTS
STOCK TWEETS
U.S. DEBT CLOCK
U.S. UNEMPLOYMENT
ADVERTISE
ARTICLE FEED
BLOG FEED



2009-08-27 17:54:21

The Problem Bank List Continues to Swell



-- FDIC logo -- The number of banks and thrifts on the "problem bank list" rose to 416 in Q2 2009, a large (but not surprising) jump from 305 in Q1 2009.

The "problem bank list" is a list of US banks and thrifts that are deemed to be in poor shape by regulators. Inclusion on the "problem bank list" means that a bank or thrift must take dramatic action to remedy their current situation or risk being taken over by the FDIC (Federal Deposit Insurance Corporation).

How does a bank find itself on the "problem bank list"?

Every 12-18 months, every bank and thrift in the United States is scrutinized by a number of examiners. Every aspect of the bank's current situation is taken into consideration - cash on hand, risk management policies, number of delinquent loans, etc.

The bank or thrift is then given a score out of 5, with 1 being the best and 5 being the worst.

If a bank or thrift receives a score of 4 or worse, then they are automatically included on the "problem bank list".

Banks or thrifts that receive poor scores are then told what they must do to remove themselves from the list, and what might happen if they don't.

A bank appearing on the "problem bank list" doesn't necessarily mean that they are going to fail - rather, it's simply a warning that changes must be made.

Also, a bank won't necessarily appear on the "problem bank list" prior to failing. For instance, a bank could see its financial position deteriorate so rapidly that they might go under in just a few short months. Given that banks are examined every 12-18 months, you can see why some banks might not appear on the list prior to failing.

The banks and thrifts that appear on the "problem bank list" are not made available to the public.

Why?

Regulators are looking to avoid bank runs that would likely result from this information being made public. These banks are already in a very precarious financial position, and a "run on the bank" would surely finish them off. This is why the information is not made public.

The number of banks on the "problem bank list" is at its highest point since June of 1994.

Many believe that Q2 2009 will represent the high water mark for the list, given that an economic recovery seems to be under way. I guess we'll have to see.

Filed under: The Economic Meltdown




COMMENTS

Comment by Arthur Tobin on November 03, 2009 @ 2:38 am

Is Commonwealth Business Bank, Irvine, Ca. on the FDIC troubled or watch list.

--

Comment by Betty Doan on October 31, 2009 @ 4:49 pm

I would like to know what banks are going to fail. Our government is supposed to keep us informed. Wouldn't it be easier if we could get our money out of the bank before they closed and that would free up FDIC.


--

Comment by Frank Ehrmantraut on October 23, 2009 @ 11:40 pm

Maybe banks should turn it around and the good ones could advertize that they are not on the troubled bank list.

--

Comment by Hugh Collns on October 17, 2009 @ 11:46 am

I would like to know if F.D.I.C. will be selling loan packages on closed bid and what would I need to do to get in on this. In the late 1980s and 90s
I was with a company that purchased these packages. I would like to get in on the collections of the F.D.I.C. paper
THANK YOU
Hugh Collins


--

Comment by Jim Boswell on October 12, 2009 @ 6:55 am

I have a list made up using the FDIC's 06/30/2009 data, sorted by the banks with the greatest problem. My list consists of 287 institutions with an asset base of $187 billion. Of the seventeen banks the FDIC has shutdown since August 28, 2009 (the time the new data was made available), sixteen are on my list. If you are interested, i can email you my list. I think you might find it interesting.

jimboswell12@gmail.com

--

Comment by Greg Kane on October 04, 2009 @ 4:44 pm

How do I get the list?

--

Comment by vivian mehl on September 11, 2009 @ 12:40 pm

how do i get a list of troubled banks?

--

Comment by Judy Grill on September 06, 2009 @ 3:01 pm

How do I know if BB&T is on the bank problem list?

judy@judygrill.com

--

Comment by Paul Walton Sr on August 31, 2009 @ 12:05 pm

Why can I not know if my bank is In Trouble!!! they sure question me.
Is this big bank business... I have the right.. if not i will put money in a safer place.

--

Comment by Monique on August 29, 2009 @ 4:04 am

It makes sense that the problem banks aren't made public, but it sure would be nice to know an examiner or, better yet, be an examiner yourself!

--

Leave a comment

 Name (required)

 Your Website

Your Comment (required)







Most Recent Articles

Posted on: 2009-11-20 20:51:00
14.41% of All US Residential Mortgages Either Delinquent Or in Foreclosure
-- u.s. national debt clock --
Posted on: 2009-11-18 18:25:00
From Zero to $12 Trillion In 173 Years
-- goldman sachs skyrise --
Posted on: 2009-11-17 17:35:00
Goldman Sachs: "We Apologize"
-- no xmas parties at goldman sachs this year --
Posted on: 2009-11-15 17:27:00
Goldman Sachs Cancels Its Christmas Party For the Second Straight Year
-- growing debt of united states - graph - approacghing 12 trillion --
Posted on: 2009-11-14 16:44:00
United States National Debt Load About to Pass $12 Trillion Dollars




Subscribe to My RSS Feed


Click My Picture Above
To Subscribe To The RSS Feed


Twitter

255


Dow Jones10318.16-14.28-0.14%
Nasdaq2146.04-10.78-0.5%
S&P 5001091.38-3.52-0.32%



BLOG POSTINGS

More Arrests Made in Galleon Group Insider Trading Case

CNBC Viewership Numbers Are Trending Downwards

Amazon.com Surges to New All-Time High After Q3 Earnings

A Record Number of Foreclosure Filings In Q3 2009

Bernard Madoff Reportedly Gets Into a Fight in Prison

Spot Gold Price Hits New All Time High

Is the World Bank Running Out of Money?

Cramer Slammed For Ill-Timed CIT Call

US Income Gap Continues to Widen

Over 35 Million Americans Receiving Food Stamps



TOP FIVE MOST POPULAR ARTICLES

The Top Ten Most Outrageous Stock Market Scams of all Time

The Top Twelve Stock Market Scams of the Last Twelve Years

The Real Unemployment Rate Is Much Worse Than 8.1%

The Seven Most Crooked CEOs of All Time

Think that the SEC Is Corrupt? Meet Gary Aguirre



REVIEWS

Questrade Reviews



MOST RECENT DICTIONARY ENTRIES

Market Correction

OPEC

Stop Loss

Form 8-K

Black Friday

Zombie Bank

Consensus Estimate

Chinese Wall

Front Running

T.2 Trading Halt Code



CREDIT CARDS AND OTHER SERVICES

The Top Three Online Stock Brokers In Canada

Free Real-Time Stock Quotes: Some Of The Best Resources

FreeCreditReport.com Review - The Facts Revealed

Questrade Review

Jim Cramer Action Alerts Plus Review

0% Balance Transfer Credit Card Offers - Do They Exist?

The American Express Platinum Credit Card

Direct Access Brokers: The Best of the Best

Discover More Card Review

American Express Platinum Credit Card Review

Discover Student Card Review

American Express Gold Card Review

American Express Delta Skymiles Card Review

The Best Reward Credit Cards

Questrade Promotional Code - Qualifying for Your Free Commissions

Optionshouse Review

Hulbert Interactive Review

Marketwatch Options Trader Newsletter Review

Retirement Weekly Newsletter Review

The Three Most Prestigious Credit Cards In the World

Barron's Online Review

Retirement Newsletters: Which One Is the Best?

Thestreet.com RealMoney Review

Proactive Fund Investor Newsletter Review

The Best Online Brokerage in Canada (In My Opinion)

Wall Street Journal Subscription - Up to 80% Off Regular Price




PROMOTIONS AND OFFERS

Hercule Poirot DVD Reviews

Platinum Card Application Form

Gold Card Application Form

Free Payday Loan Quotes

Optionshouse Promotion Code - Qualifying For Your Free 100 Trades




FOREX

How to Become a Great Forex Trader

Who Offers Automated Forex Trading?

Forex Broker Reviews

Two of the Best Online Forex Brokers in the World

The Top Two Forex Brokers in Canada




SPECIAL FEATURES

United States Debt Clock

History of Deficits and Surpluses in the U.S.

Inflation Calculator

Historical Unemployment Rates in the United States

Canada Debt Clock

UK National Debt Clock

A History of Bank Failures in the United States

Mortgage Refinancing Calculator

Dow Jones Historical Data

Nasdaq Historical Data

S&P 500 Historical Data

Stock Market Guru Twitter Alerts

Historical Gold Prices




OTHER

Mortgage Refinancing

Home Equity Loans




MARKET INFORMATION

Top Nasdaq Gainers by Percentage

Top NYSE Gainers by Percentage




ARTICLE ARCHIVES

Blog Posts

Company Reviews

Daytrading

General Knowledge

General Market News

Health + Fitness

Hedge Fund News

Internet Companies

Making Money Online

Motivational

Online Forex Trading

Real Estate News

Stock Market Education

Stock Market Scandals

The Economic Meltdown

Trader Profiles



DaveManuel.com - Copyright 2009, All Rights Reserved | Advertise | Privacy Policy | Disclaimer