Friday, May 25, 2012
No New Failures
As of 8:10 pm EDT, there have been no bank closures. The Bank Blog will be updated as new information comes in.
Wednesday, May 23, 2012
May 2012 Top 40
With this new Top 40 list, the Bank Blog has expanded its ranking to all regulated, deposit taking banks in the United States. As all regulated banks are now filing under the same reporting format, it is now possible to compare across these savings banks as well. That should introduce a few never before seen banks to our list.
In the last quarter The Bank Blog continued to demonstrate well the least stable U.S. banks well. Of the 40 banks listed, 6 failed. Three others: Pisgah Community Bank, 1st Commerce Bank and Sunrise Bank have all received prompt corrective action orders from the FDIC along. These banks all have the same parent, Capital Bancorp Limited, which is also the parent of several other troubled banks. The Bank Blog has decided to highlight those banks with an asterisk on the newest list. We would also like to caution our readers not to infer that those banks leaving the list are now safe. Only Eurobank, which was acquired by Banco do Brasil has become appreciably safer.
Returning banks are listed in bold and newly failed banks are listed in italics. Capital Bancorp Limited banks are listed with an asterisk before their name.
1. * PISGAH COMMUNITY BANK of ASHEVILLE, NC
2. EASTERN SAVINGS BANK of HUNT VALLEY, MD
3. GLASGOW SAVINGS BANK of GLASGOW, MO
4. FARMERS & TRADERS STATE BANK of SHABBONA, IL
5. PUTNAM STATE BANK of PALATKA, FL
6. * BANK OF LAS VEGAS of LAS VEGAS, NV
7. U.S. CENTURY BANK of MIAMI FL
8. COMMUNITY BANK OF THE OZARKS of SUNRISE BEACH, MO
9. * SUNRISE BANK of VALDOSTA, GA
10. TRUMAN BANK of SAINT LOUIS MO
11. GEORGIA TRUST BANK of BUFORD, GA
12. THE ROYAL PALM BANK OF FLORIDA of NAPLES, FL
13. JASPER BANKING COMPANY of JASPER, GA
14. MONTGOMERY BANK & TRUST of AILEY, GA
15. THE PATTERSON BANK of PATTERSON, GA
16. FIDELITY BANK of FLORIDA, N.A. of MERRITT ISLAND, FL
17. TEXAS COMMUNITY BANK, N.A. of THE WOODLANDS, TX
18. * 1ST COMMERCE BANK of NORTH LAS VEGAS, NV
19. DECATUR STATE BANK of DECATUR, AR
20. * MICHIGAN COMMERCE BANK of ANN ARBOR, MI
21. EXCEL BANK of SEDALIA MO
22. FIRST CAPITAL BANK of KINGFISHER, OK
23. WESTSIDE COMMUNITY BANK of UNIVERSITY PLACE, WA
24. DOUGLAS COUNTY BANK of DOUGLASVILLE, GA
25. BEACH COMMUNITY BANK of FORT WALTON BEACH, FL
26. GULFSOUTH PRIVATE BANK of DESTIN, FL
27. FIRST COMMERCIAL BANK of BLOOMINGTON, MN
28. SOUTHERN COMMERCE BANK, N.A. of TAMPA, FL
29. THE BRAND BANKING COMPANY of LAWRENCEVILLE, GA
30. CAROLINA FEDERAL SAVINGS BANK of CHARLESTON, SC
31. ISB COMMUNITY BANK of IXONIA, WI
32. MILE HIGH BANKS of LONGMONT, CO
33. FIRSTSECURE BANK AND TRUST CO. of PALOS HILLS, IL
34. GWINNETT COMMUNITY BANK of DULUTH, GA
35. OPTIMUMBANK of PLANTATION, FL
36. METROBANK of CHICAGO, IL
37. BANK OF EASTMAN of EASTMAN, GA
38. * CENTRAL ARIZONA BANK of SCOTTSDALE, AZ
39. COMMUNITY SOUTH BANK of PARSONS, TN
40. TRANSCAPITAL BANK of SUNRISE, FL
Disclaimer:
The content of this web site is for general information purposes only and does not constitute advice. The author tries to provide content that is true and accurate as of the date of writing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. Visitors should not act upon content or information without first seeking appropriate professional advice.
The author accepts no responsibility for and excludes all liability in connection with browsing this Web site, use of information or downloading any materials from it, including but not limited to any liability for errors, inaccuracies, omissions, or misleading or defamatory statements. The information at this Web site might include opinions or views which, unless expressly stated otherwise, are not necessarily those of the author.
All content and information might be changed or updated without notice.
In the last quarter The Bank Blog continued to demonstrate well the least stable U.S. banks well. Of the 40 banks listed, 6 failed. Three others: Pisgah Community Bank, 1st Commerce Bank and Sunrise Bank have all received prompt corrective action orders from the FDIC along. These banks all have the same parent, Capital Bancorp Limited, which is also the parent of several other troubled banks. The Bank Blog has decided to highlight those banks with an asterisk on the newest list. We would also like to caution our readers not to infer that those banks leaving the list are now safe. Only Eurobank, which was acquired by Banco do Brasil has become appreciably safer.
Returning banks are listed in bold and newly failed banks are listed in italics. Capital Bancorp Limited banks are listed with an asterisk before their name.
1. * PISGAH COMMUNITY BANK of ASHEVILLE, NC
2. EASTERN SAVINGS BANK of HUNT VALLEY, MD
3. GLASGOW SAVINGS BANK of GLASGOW, MO
4. FARMERS & TRADERS STATE BANK of SHABBONA, IL
5. PUTNAM STATE BANK of PALATKA, FL
6. * BANK OF LAS VEGAS of LAS VEGAS, NV
7. U.S. CENTURY BANK of MIAMI FL
8. COMMUNITY BANK OF THE OZARKS of SUNRISE BEACH, MO
9. * SUNRISE BANK of VALDOSTA, GA
10. TRUMAN BANK of SAINT LOUIS MO
11. GEORGIA TRUST BANK of BUFORD, GA
12. THE ROYAL PALM BANK OF FLORIDA of NAPLES, FL
13. JASPER BANKING COMPANY of JASPER, GA
14. MONTGOMERY BANK & TRUST of AILEY, GA
15. THE PATTERSON BANK of PATTERSON, GA
16. FIDELITY BANK of FLORIDA, N.A. of MERRITT ISLAND, FL
17. TEXAS COMMUNITY BANK, N.A. of THE WOODLANDS, TX
18. * 1ST COMMERCE BANK of NORTH LAS VEGAS, NV
19. DECATUR STATE BANK of DECATUR, AR
20. * MICHIGAN COMMERCE BANK of ANN ARBOR, MI
21. EXCEL BANK of SEDALIA MO
22. FIRST CAPITAL BANK of KINGFISHER, OK
23. WESTSIDE COMMUNITY BANK of UNIVERSITY PLACE, WA
24. DOUGLAS COUNTY BANK of DOUGLASVILLE, GA
25. BEACH COMMUNITY BANK of FORT WALTON BEACH, FL
26. GULFSOUTH PRIVATE BANK of DESTIN, FL
27. FIRST COMMERCIAL BANK of BLOOMINGTON, MN
28. SOUTHERN COMMERCE BANK, N.A. of TAMPA, FL
29. THE BRAND BANKING COMPANY of LAWRENCEVILLE, GA
30. CAROLINA FEDERAL SAVINGS BANK of CHARLESTON, SC
31. ISB COMMUNITY BANK of IXONIA, WI
32. MILE HIGH BANKS of LONGMONT, CO
33. FIRSTSECURE BANK AND TRUST CO. of PALOS HILLS, IL
34. GWINNETT COMMUNITY BANK of DULUTH, GA
35. OPTIMUMBANK of PLANTATION, FL
36. METROBANK of CHICAGO, IL
37. BANK OF EASTMAN of EASTMAN, GA
38. * CENTRAL ARIZONA BANK of SCOTTSDALE, AZ
39. COMMUNITY SOUTH BANK of PARSONS, TN
40. TRANSCAPITAL BANK of SUNRISE, FL
Disclaimer:
The content of this web site is for general information purposes only and does not constitute advice. The author tries to provide content that is true and accurate as of the date of writing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. Visitors should not act upon content or information without first seeking appropriate professional advice.
The author accepts no responsibility for and excludes all liability in connection with browsing this Web site, use of information or downloading any materials from it, including but not limited to any liability for errors, inaccuracies, omissions, or misleading or defamatory statements. The information at this Web site might include opinions or views which, unless expressly stated otherwise, are not necessarily those of the author.
All content and information might be changed or updated without notice.
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