Friday, August 30, 2013
No New Failures
As of 8:45 pm EDT there have been no failures. The Bank Blog will be
updated throughout the evening as new information arrives.
Thursday, August 29, 2013
The Summer Top 40
The Bank Blog has ranks the Top 40 most likely to fail, regulated, deposit taking banks in the United States.
The banking sector has turned the corner, with only seven failures since the previous update. Of these, five failures were in the Spring Top 40. Nonetheless, we would also like to caution our readers not to infer that currently listed banks or those leaving the list are now safe. Departing banks often return on future lists. Four other distressed and affiliated banks from our list: Metrobank, Archer Bank, Plaza Bank and North Community Bank were combined into a single entity after being purchased by investment bankers.
Only returning banks from the prior list are listed in bold and newly failed banks are listed in italics.
1. EASTERN SAVINGS BANK of HUNT VALLEY, MD
2. TEXAS COMMUNITY BANK, N.A. of THE WOODLANDS, TX
3. AMERICAN METRO BANK of CHICAGO, IL
4. SLAVIE FEDERAL SAVINGS BANK of BEL AIR, MD
5. AZTECAMERICA BANK of BERWYN, IL
6. FIRSTSECURE BANK AND TRUST CO. of PALOS HILLS, IL
7. THE PEOPLES BANK of COVINGTON, GA
8. THE COLUMBIA SAVINGS BANK of CINCINNATI, OH
9. OPTIMUMBANK of PLANTATION, FL
10. BEACH COMMUNITY BANK of FORT WALTON BEACH, FL
11. CITY NATIONAL BANK OF NEW JERSEY of NEWARK, NJ
12. CAPITOL CITY BANK & TRUST COMPANY of ATLANTA, GA
13. GEORGIA PRIMARY BANK of ATLANTA, GA
14. SUPERIOR BANK of HAZELWOOD, MO
15. PARK CITIES BANK of DALLAS, TX
16. BANK OF LAS VEGAS of LAS VEGAS, NV
17. DUPAGE NATIONAL BANK of WEST CHICAGO, IL
18. SECURANT BANK & TRUST of MILWAUKEE, WI
19. GUARANTY BANK of BROWN DEER, WI
20. THE FOSTER BANK of CHICAGO, IL
21. UNITED MIDWEST SAVINGS BANK of DE GRAFF, OH
22. HOMETOWN NATIONAL BANK of LONGVIEW, WA
23. CALIFORNIA BUSINESS BANK of LOS ANGELES, CA
24. BANK OF EASTMAN of EASTMAN, GA
25. THE BANK OF GEORGIA of PEACHTREE CITY, GA
26. FIRST CITY BANK OF FLORIDA of FORT WALTON BEACH, FL
27. STATE BANK OF HERSCHER of HERSCHER, IL
28. FIRST SOUTHERN BANK of PATTERSON, GA
29. ANCHOR COMMERCIAL BANK of JUNO BEACH, FL
30. EASTSIDE COMMERCIAL BANK of CONYERS, GA
31. FIRST SOUTH BANK of SPARTANBURG, SC
32. PBI BANK of LOUISVILLE, KY
33. PNA BANK DOWNERS of GROVE, IL
34. BANK OF JACKSON COUNTY of GRACEVILLE, FL
35. FIRST NATIONAL BANK of EDINBURG, TX
36. INDEPENDENCE FEDERAL SAVINGS BANK of WASHINGTON, DC
37. LEGACY STATE BANK of LOGANVILLE, GA
38. INDEPENDENT BANKERS' BANK OF FLORIDA of LAKE MARY, FL
39. THE COMMUNITY'S BANK of BRIDGEPORT, CT
40. VALLEY BANK of MOLINE, IL
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 banking sector has turned the corner, with only seven failures since the previous update. Of these, five failures were in the Spring Top 40. Nonetheless, we would also like to caution our readers not to infer that currently listed banks or those leaving the list are now safe. Departing banks often return on future lists. Four other distressed and affiliated banks from our list: Metrobank, Archer Bank, Plaza Bank and North Community Bank were combined into a single entity after being purchased by investment bankers.
Only returning banks from the prior list are listed in bold and newly failed banks are listed in italics.
1. EASTERN SAVINGS BANK of HUNT VALLEY, MD
2. TEXAS COMMUNITY BANK, N.A. of THE WOODLANDS, TX
3. AMERICAN METRO BANK of CHICAGO, IL
4. SLAVIE FEDERAL SAVINGS BANK of BEL AIR, MD
5. AZTECAMERICA BANK of BERWYN, IL
6. FIRSTSECURE BANK AND TRUST CO. of PALOS HILLS, IL
7. THE PEOPLES BANK of COVINGTON, GA
8. THE COLUMBIA SAVINGS BANK of CINCINNATI, OH
9. OPTIMUMBANK of PLANTATION, FL
10. BEACH COMMUNITY BANK of FORT WALTON BEACH, FL
11. CITY NATIONAL BANK OF NEW JERSEY of NEWARK, NJ
12. CAPITOL CITY BANK & TRUST COMPANY of ATLANTA, GA
13. GEORGIA PRIMARY BANK of ATLANTA, GA
14. SUPERIOR BANK of HAZELWOOD, MO
15. PARK CITIES BANK of DALLAS, TX
16. BANK OF LAS VEGAS of LAS VEGAS, NV
17. DUPAGE NATIONAL BANK of WEST CHICAGO, IL
18. SECURANT BANK & TRUST of MILWAUKEE, WI
19. GUARANTY BANK of BROWN DEER, WI
20. THE FOSTER BANK of CHICAGO, IL
21. UNITED MIDWEST SAVINGS BANK of DE GRAFF, OH
22. HOMETOWN NATIONAL BANK of LONGVIEW, WA
23. CALIFORNIA BUSINESS BANK of LOS ANGELES, CA
24. BANK OF EASTMAN of EASTMAN, GA
25. THE BANK OF GEORGIA of PEACHTREE CITY, GA
26. FIRST CITY BANK OF FLORIDA of FORT WALTON BEACH, FL
27. STATE BANK OF HERSCHER of HERSCHER, IL
28. FIRST SOUTHERN BANK of PATTERSON, GA
29. ANCHOR COMMERCIAL BANK of JUNO BEACH, FL
30. EASTSIDE COMMERCIAL BANK of CONYERS, GA
31. FIRST SOUTH BANK of SPARTANBURG, SC
32. PBI BANK of LOUISVILLE, KY
33. PNA BANK DOWNERS of GROVE, IL
34. BANK OF JACKSON COUNTY of GRACEVILLE, FL
35. FIRST NATIONAL BANK of EDINBURG, TX
36. INDEPENDENCE FEDERAL SAVINGS BANK of WASHINGTON, DC
37. LEGACY STATE BANK of LOGANVILLE, GA
38. INDEPENDENT BANKERS' BANK OF FLORIDA of LAKE MARY, FL
39. THE COMMUNITY'S BANK of BRIDGEPORT, CT
40. VALLEY BANK of MOLINE, IL
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.
Subscribe to:
Posts (Atom)