Is Your Bank on the Problem Bank List?

Problem Bank List ^ | November 28th, 2010

[george76]

The Federal Deposit Insurance Corporation, the federal agency in charge of safeguarding the nation’s bank deposits, maintains a Problem Bank List. This list contains the names of institutions that are likely to have weak capital positions that can lead to failure. The FDIC does not publicize the list for fear of causing a run on the bank, but ...

As of the latest report released by the FDIC there were 860 problem banks at September 30, 2010, up from 829 at June 30, 2010. ..

For the week ending November 19, 2010 there were three more banking failures, resulting in a total of 149 banking failures for 2010. The cost to the FDIC Deposit Insurance Fund for the 149 banking failures of 2010 now totals $21.9 billion...

Why Are Problem Banks Allowed To Stay Open?

The reason regulators do not close more insolvent banks may be due to the fact that the FDIC Deposit Insurance Fund (DIF) was a negative $15.2 billion at June 30, 2010. A number of large banking failure could deplete the entire insurance fund and cause panic among bank depositors.

[george76]

[madison10]

Looks to me like that list is old—2009.

[RobRoy]

A good site and easy to navigate. Actually included PDF of backing documents:

http://calculatedriskimages.blogspot.com/

[C210N]

Any idea why Bank of America is not on the list? I had thought they were suspect; they are also apparently on the WikiLeaks agenda.

[FromLori]

With the Bail Outs our government picked winners and losers some of the winners as we now know are foreign banks while our own were allowed to fail putting American’s out of work not to mention we were even sold Billions of their junk MBS loans.

snippet

The measure, initiated in Jan. 2009 to stimulate the flow of credit and keep household borrowing costs low, led the nation’s central bank to purchase more than $1.1 trillion in mortgages packaged into the form of securities. The mortgage bonds are backed by Fannie Mae and Freddie Mac, the twin mortgage giants NOW OWNED by taxpayers.

Deutsche Bank, a German lender, has sold the Fed more than $290 billion worth of mortgage securities, Fed data through July shows. Credit Suisse, a Swiss bank, sold the Fed more than $287 billion in mortgage bonds.

http://www.insurancemaking.com/business-general/55112-fed-opens-books-revealing-european-megabanks-were-biggest-beneficiaries.html

For the bail out apologists!

No, The Big Banks Have Not “Paid Back” Government Bailouts and Subsidies

http://www.zerohedge.com/article/no-big-banks-have-not-paid-back-government-bailouts-and-subsidies?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+zerohedge/feed+(zero+hedge+-+on+a+long

[SeekAndFind]

Have a look at Bauer Financial Ratings :

http://www.bauerfinancial.com/btc_ratings.asp

[bigbob]

Get the facts so you understand what this means before you go panicking. Some banks have been on the list for years and are fine.

[RobRoy]

Too big to fail.

;)

[FromLori]

Mark to market accounting plus they are obama,acorn,sharia financiers,no christmas trees allowed backers to boot!

Are The Banks Insolvent? Fair Question, Given This....

http://market-ticker.org/akcs-www?post=173721http://market-ticker.org/akcs-www?post=173721

[steve86]

No, but I’m on the bank problem list.

[TruthConquers]

I believe that the TARP banks are allowed to use Enron accounting practices. This allows those banks to look healthy when they are not.

For example, our bank had been First Federal. We got taken over by OneWest. OneWest had been IndyMac. First Federal had been under cease and desist orders and had huge commercial real estate loans that were sinking them. Soon after our bank was folded over into OneWest, I checked that banks “rating”.

Guess what, crystal clear, no problems, not even one loan in default.

Lesson? Do not trust ANY rating of a bank that took TARP money. Manufactured lies.

[george76]

[george76]

The pace of bank failures has been increasing dramatically over the past two years.

a list of failed banks from 2007 to present.

http://problembanklist.com/failed-bank-list/

[madison10]

Thanks. I was looking at/for the list of actual banks, not how many. The list that was linked at the site was from August of 2009.

[george76]

The FDIC does not release their official list that I could find.

But here is a * Unofficial * Problem Bank List as of Dec 3, 2010 .

http://calculatedriskimages.blogspot.com/2010/12/unofficial-problem-bank-list-dec-3-2010.html

[The Comedian]

Short-the-banks-until-they-get-the-next-round-of-bailouts ping.

"Economic Holocaust" ping.

Increasing volume ping list watching the slow motion Economic Holocaust.

FReepmail me if you want on or off
The Comedian's "Economic Holocaust" ping list...

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[houeto]

My bank is rated 5 star but I still keep me money to me self.

[B4Ranch]

Thanks for the ping

Ron, this list is for you.

Town & Country Bank

Service1st Bank of Nevada

Nevada National Bank

Nevada Commerce Bank

First Security Bank of Nevada

Bank of North Las Vegas

Bank of Las Vegas

1st Commerce Bank

[Las Vegas Ron]

Thanks for the heads up, luckily I'm not with any of those institutions...not that it really matters the others will likely follow suit.