Banks of
Wisconsin of Kenosha, Wisconsin was closed today by regulators. The bank, which operated under the name Bank
of Kenosha had approximately $127.6 million in total deposits which were assumed by North Shore Bank, FSB (2302nd) of Brookfield, Wisconsin. In addition North Shore Bank agreed to acquire about 97.4 million of the failed
bank's $134.0
million in total assets. The FDIC estimates the cost to the Deposit Insurance Fund (DIF)
will be $26.3 million.
Friday, May 31, 2013
Tuesday, May 28, 2013
The Spring 2013 Top 40
The Bank Blog has ranks the Top 40 most likely to fail, regulated, deposit taking banks in the United States.
The Bank Blog continues to demonstrate well its ability to predict bank distress. Bank failures declined again this quarter relative to last. In all, there were only ten failures since the creation of the last Top 40 list. Of these banks, seven were on the list and four were in the top ten. Three failed banks belonged to our highlighted, Capital Bancorp Limited.
We would also like to caution our readers not to infer that those banks leaving the list are now safe. All but one of the departing banks remains among the riskiest one hundred. Departing banks often return on future lists. Only returning banks from the prior list are listed in bold and newly failed banks are listed in italics. Remaining Capital Bancorp Limited affiliated banks are listed with an asterisk before their name.
1. METROBANK of CHICAGO, IL
2. COMMUNITY SOUTH BANK of PARSONS, TN
3. UNITED MIDWEST SAVINGS BANK of DE GRAFF, OH
4. EASTERN SAVINGS BANK of HUNT VALLEY, MD
5. BANKS OF WISCONSIN of KENOSHA, WI
6. ARCHER BANK of CHICAGO, IL
7. THE PEOPLES BANK of COVINGTON, GA
8. TEXAS COMMUNITY BANK, N.A. of THE WOODLANDS, TX
9. PLAZA BANK of NORRIDGE, IL
10. STATE BANK OF HERSCHER of HERSCHER, IL
11. FIRSTSECURE BANK AND TRUST CO. of PALOS HILLS, IL
12. * MICHIGAN COMMERCE BANK of ANN ARBOR, MI
13. BEACH COMMUNITY BANK of FORT WALTON BEACH, FL
14. THE COLUMBIA SAVINGS BANK of CINCINNATI, OH
15. ANCHOR COMMERCIAL BANK of JUNO BEACH, FL
16. SOUTHERN BANK AND TRUST COMPANY of MOUNT OLIVE, NC
17. GOLD CANYON BANK of GOLD CANYON, AZ
18. FIRST COMMUNITY BANK OF SOUTHWEST FLORIDA of FORT MYERS FL
19. AMERICAN METRO BANK of CHICAGO, IL
20. AZTECAMERICA BANK of BERWYN, IL
21. SUPERIOR BANK of HAZELWOOD, MO
22. GEORGIA PRIMARY BANK of ATLANTA, GA
23. OPTIMUMBANK of PLANTATION, FL
24. BANK OF WAUSAU of WAUSAU, WI
25. FIRST CITY BANK OF FLORIDA of FORT WALTON BEACH, FL
26. NORTH COMMUNITY BANK of CHICAGO, IL
27. INDEPENDENCE FEDERAL SAVINGS BANK of WASHINGTON, DC
28. STATE CENTRAL BANK of KEOKUK, IA
29. THE FOSTER BANK of CHICAGO, IL
30. GUARANTY BANK of BROWN DEER, WI
31. * BANK OF LAS VEGAS of LAS VEGAS, NV
32. MOUNTAIN NATIONAL BANK of SEVIERVILLE, TN
33. WESTSIDE BANK of HIRAM, GA
34. GWINNETT COMMUNITY BANK of DULUTH, GA
35. U.S. CENTURY BANK of MIAMI, FL
36. EASTSIDE COMMERCIAL BANK of CONYERS, GA
37. PARK CITIES BANK of DALLAS, TX
38. PNA BANK DOWNERS of GROVE, IL
39. SOUTHERN COMMERCE BANK, N.A. of TAMPA, FL
40. FIRST NATIONAL BANK of EDINBURG, TX
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.
The Bank Blog continues to demonstrate well its ability to predict bank distress. Bank failures declined again this quarter relative to last. In all, there were only ten failures since the creation of the last Top 40 list. Of these banks, seven were on the list and four were in the top ten. Three failed banks belonged to our highlighted, Capital Bancorp Limited.
We would also like to caution our readers not to infer that those banks leaving the list are now safe. All but one of the departing banks remains among the riskiest one hundred. Departing banks often return on future lists. Only returning banks from the prior list are listed in bold and newly failed banks are listed in italics. Remaining Capital Bancorp Limited affiliated banks are listed with an asterisk before their name.
1. METROBANK of CHICAGO, IL
2. COMMUNITY SOUTH BANK of PARSONS, TN
3. UNITED MIDWEST SAVINGS BANK of DE GRAFF, OH
4. EASTERN SAVINGS BANK of HUNT VALLEY, MD
5. BANKS OF WISCONSIN of KENOSHA, WI
6. ARCHER BANK of CHICAGO, IL
7. THE PEOPLES BANK of COVINGTON, GA
8. TEXAS COMMUNITY BANK, N.A. of THE WOODLANDS, TX
9. PLAZA BANK of NORRIDGE, IL
10. STATE BANK OF HERSCHER of HERSCHER, IL
11. FIRSTSECURE BANK AND TRUST CO. of PALOS HILLS, IL
12. * MICHIGAN COMMERCE BANK of ANN ARBOR, MI
13. BEACH COMMUNITY BANK of FORT WALTON BEACH, FL
14. THE COLUMBIA SAVINGS BANK of CINCINNATI, OH
15. ANCHOR COMMERCIAL BANK of JUNO BEACH, FL
16. SOUTHERN BANK AND TRUST COMPANY of MOUNT OLIVE, NC
17. GOLD CANYON BANK of GOLD CANYON, AZ
18. FIRST COMMUNITY BANK OF SOUTHWEST FLORIDA of FORT MYERS FL
19. AMERICAN METRO BANK of CHICAGO, IL
20. AZTECAMERICA BANK of BERWYN, IL
21. SUPERIOR BANK of HAZELWOOD, MO
22. GEORGIA PRIMARY BANK of ATLANTA, GA
23. OPTIMUMBANK of PLANTATION, FL
24. BANK OF WAUSAU of WAUSAU, WI
25. FIRST CITY BANK OF FLORIDA of FORT WALTON BEACH, FL
26. NORTH COMMUNITY BANK of CHICAGO, IL
27. INDEPENDENCE FEDERAL SAVINGS BANK of WASHINGTON, DC
28. STATE CENTRAL BANK of KEOKUK, IA
29. THE FOSTER BANK of CHICAGO, IL
30. GUARANTY BANK of BROWN DEER, WI
31. * BANK OF LAS VEGAS of LAS VEGAS, NV
32. MOUNTAIN NATIONAL BANK of SEVIERVILLE, TN
33. WESTSIDE BANK of HIRAM, GA
34. GWINNETT COMMUNITY BANK of DULUTH, GA
35. U.S. CENTURY BANK of MIAMI, FL
36. EASTSIDE COMMERCIAL BANK of CONYERS, GA
37. PARK CITIES BANK of DALLAS, TX
38. PNA BANK DOWNERS of GROVE, IL
39. SOUTHERN COMMERCE BANK, N.A. of TAMPA, FL
40. FIRST NATIONAL BANK of EDINBURG, TX
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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