Wednesday, July 7, 2010

FDIC Bank Watchlist Grows

The U.S. Federal Deposit Insurance Corporation said that the number of banks on its confidential “problem” list increased to 775 in the first quarter of this year, a nearly 10% increase over the previous quarter. But Chairman Sheila Bair noted that “the trends [in the industry generally] continue to move in the right direction.”

If the list is getting bigger, how in the world can "the trends continue to move in the right direction?" The good news, is that no banks were seized or otherwise failed over the holiday weekend. Are the Feds wanting more banks to collapse? Anyway, below is a list of banks that MoneyEconomics.com believes to be on the current quarters watch list.
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Bank Name Location Notes
Advanta Bank Wilmington, DE -
First National Bank Rosedale, MS Failed on 6/4/10
MidFirst Bank Oklahoma City, OK -
Arcola Homestead Savings Bank Arcola, IL Failed on 6/4/10
Ravenswood Bank Chicago, IL -
CF Bancorp Port Huron, MI Failed on 4/30/10
American Patriot Bank Greeneville, TN -
Southwest Community Bank Springfield, MO Failed on 5/14/10
Pisgah Community Bank Asheville, NC -
State Central Bank Keokuk, IA -
Citizens Bank and Trust Company of Chicago Chicago, IL Failed on 4/23/10
Champion Bank Creve Coeur, MO Failed on 4/30/10
Imperial Savings and Loan Association Martinsville, VA -
SouthwestUSA Bank Las Vegas, NV -
Bank of Florida - Southwest Naples, FL Failed on 5/28/10
Appalachian Community Bank, F.S.B. Mc Caysville, GA -
Beach First National Bank Myrtle Beach, SC Failed on 4/9/10
New Century Bank Chicago, IL Failed on 4/23/10
Access Bank Champlin, MN Failed on 5/7/10
Sunrise Bank of Atlanta Atlanta, GA -
Towne Bank of Arizona Mesa, AZ Failed on 5/7/10
ISN Bank Cherry Hill, NJ -
New Liberty Bank Plymouth, MI Failed on 5/14/10
Sterling Bank Lantana, FL Failed on 7/23/10
1st Commerce Bank North Las Vegas, NV -
Lakeside Community Bank Sterling Heights, MI Failed on 4/16/10
Wheatland Bank Naperville, IL Failed on 4/23/10
Bank of Ellijay Ellijay, GA -
Butler Bank Lowell, MA Failed on 4/16/10
Pinehurst Bank Saint Paul, MN Failed on 5/21/10
Peotone Bank and Trust Company Peotone, IL Failed on 4/23/10
Satilla Community Bank Saint Marys, GA Failed on 5/14/10
City Bank Lynnwood, WA Failed on 4/16/10
Williamsburg First National Bank Kingstree, SC Failed on 7/23/10
Bank of Florida - Tampa Bay Tampa, FL Failed on 5/28/10
AmericanFirst Bank Clermont, FL Failed on 4/16/10
First National Bank Savannah, GA Failed on 6/25/10
Sun West Bank Las Vegas, NV Failed on 5/28/10
Mainstreet Savings Bank, FSB Hastings, MI Failed on 7/16/10
Bank of Las Vegas Las Vegas, NV -
Metro Bank of Dade County Miami, FL Failed on 7/16/10
Frontier Bank Everett, WA Failed on 4/30/10
The Bank of Bonifay Bonifay, FL Failed on 5/7/10
Bayside Savings Bank Port Saint Joe, FL Failed 7/30/10
Westbridge Bank and Trust Chesterfield, MO -
Bank of Florida - Southeast Fort Lauderdale, FL Failed on 5/28/10
BC National Banks Butler, MO Failed on 4/30/10
Blue Ridge Savings Bank, Inc. Asheville, NC -
High Trust Bank Stockbridge, GA -
Western Springs National Bank and Trust Western Springs, IL -
First Vietnamese American Bank Westminster, CA -
R-G Premier Bank of Puerto Rico Hato Rey, PR Failed on 4/30/10
Bramble Savings Bank Westminster, CA -
Triad Bank, National Association Tulsa, OK -
ShoreBank Chicago, IL -
SUNRISE BANK OF ARIZONA Phoenix, AZ -
USA Bank Port Chester, NY Failed on 7/9/10
First Federal Bank of North Florida Palatka, FL Failed on 4/16/10
Oglethorpe Bank Brunswick, GA -
Midwest Bank and Trust Company Elmwood Park, IL Failed on 5/14/10
Broadway Bank Chicago, IL Failed on 4/23/10
Roxbury Bank Roxbury, KS -
Midwest Community Bank Plainville, KS -
Lincoln Park Savings Bank Chicago, IL Failed on 4/23/10
Earthstar Bank Southampton, PA -
Crescent Bank and Trust Company Jasper, GA Failed on 7/23/10
>Woodlands Bank Bluffton, SC Failed on 7/16/10
Horizon Bank Bradenton, FL -
Peninsula Bank Englewood, FL Failed on 6/25/10
Washington First International Bank Seattle, WA Failed on 6/11/10
Riverside National Bank of Florida Fort Pierce, FL Failed on 4/16/10
Premier Bank Jefferson City, MO -
McIntosh State Bank ackson, GA -
Putnam State Bank Palatka, FL -
First Central Savings Bank Glen Cove, NY -
Michigan Commerce Bank Ann Arbor, MI -
Fort Lee Federal Savings Bank, FSB Fort Lee, NJ -
Hillcrest Bank Overland Park, KS -
First Suburban National Bank Maywood, IL -
Ideal Federal Savings Bank Baltimore, MD Failed on 7/9/10
Tifton Banking Company Tifton, GA -
American Trust Bank Roswell, GA -
Community Security Bank New Prague, MN Failed 7/23/10
Copper Star Bank Scottsdale, AZ -
Security Exchange Bank Marietta, GA -
Community National Bank of Bartow Bartow, FL -
Jefferson Bank Dallas, TX -
OptimumBank Plantation, FL -
Sunshine State Community Bank Port Orange, FL -
Gulf State Community Bank Carrabelle, FL -
Hometown Community Bank Braselton, GA -
Sonoma Valley Bank Sonoma, CA -
K Bank Randallstown, MD -
Chelten Hills Savings Bank Abington, PA -
Badger State Bank Cassville, WI -
Paramount Bank Farmington Hills, MI -
Independence Federal Savings Bank Washington, DC -
North Georgia Bank Watkinsville, GA -
Family Federal Savings of Illinois Cicero, IL -
Bay National Bank Baltimore, MD Failed on 7/9/10
Old Harbor Bank Clearwater, FL -
High Desert State Bank Albuquerque, NMFailed on 6/25/10
First City Bank of Florida Fort Walton Beac, FL -
Bank of Granite Granite Falls, NC -
Olde Cypress Community Bank Clewiston, FL Failed on 7/16/10
Northwest Bank & Trust Acworth, GA Failed on 7/30/10
Community Bank of Rockmart Rockmart, GA -
Haven Trust Bank Florida Ponte Vedra Beac, FL -
Town North Bank, N. A. Dallas, TX -
Eurobank San Juan, PR Failed on 4/30/10
Amcore Bank, National Association Rockford, IL Failed on 4/23/10
Independent National Bank Ocala, FL -
Citizens Bank of Effingham Springfield, GA -
United Americas Bank, National Association Atlanta, GA -
First National Bank of the South Spartanburg, SC Failed on 7/16/10
Palm Desert National Bank Palm Desert, CA -
Texas Coastal Bank Pasadena, TX -
Plantation Federal Bank Pawleys Island, SC -
1st Pacific Bank of California San Diego, CA Failed on 5/7/10
Turnberry Bank Aventura, FL Failed on 7/16/10
First Guaranty Bank and Trust Company of Jacksonville Jacksonville, FL -
Nevada Security Bank Reno, NV Failed on 6/18/10
Darby Bank & Trust Co. Vidalia, GA -
Farmers & Merchants Bank Lakeland, GA -
Capitol City Bank & Trust Company Atlanta, GA -
Peoples State Bank Hamtramck, MI -
Palos Bank and Trust Company Palos Heights, IL -
Western Community Bank Orem, UT -
Tamalpais Bank San Rafael, CA Failed on 4/16/10
Westernbank Puerto Rico Mayaguez, PR Failed on 4/30/10
Ventura County Business Bank Oxnard, CA -
Polk County Bank Johnston, IA -
First Sound Bank Seattle, WA -
FirsTier Bank Louisville, CO -
North County Bank Arlington, WA -
Second Federal Savings and Loan Association of Chicago Chicago, IL -
Enterprise Banking Company Mcdonough, GA -
San Luis Trust Bank, FSB San Luis Obispo, CA -
Rocky Mountain Bank & Trust Florence Florence, CO -
First Federal Savings and Loan Association of Hammond Hammond, IN -
State Bank of Cokato Cokato, MN -
Coastal Community Bank Panama City Beac, FL Failed on 7/30/10
CommunitySouth Bank and Trust Easley, SC -
Southern Commerce Bank, National Association Tampa, FL -
The Peoples Bank Winder, GA -
First Bank of Jacksonville Jacksonville, FL -
Business Bank Burlington, WA -
Western Commercial Bank Woodland Hills, CA -
Freedom Bank Columbia Falls, MT -
Bank of the Eastern Shore> Cambridge, MD -
Security Savings Bank, F.S.B. Olathe, KS -
Americana Community Bank Sleepy Eye, MN -
The Four County Bank Allentown, GA -
Butte Community Bank Chico, CA -
Shoreline Bank Shoreline, WA -
Talbot State Bank Fayetteville, GA -
Coastal Bank Merritt Island, FL -
Mountain Heritage Bank Clayton, GA -
Premier Bank Minnesota Farmington, MN -
Habersham Bank Clarkesville, GA -
Thunder Bank Sylvan Grove, KS 7/23/10
Albina Community Bank Portland, OR -
Oxford Bank Oxford, MI -
Progress Bank of Florida Tampa, FL -
TierOne Bank Lincoln, NE Failed on 6/4/10
Inter Savings Bank, fsb D/B/A Interbank, fsb Maple Grove, MN -
Community Bank and Trust - West Georgia Lagrange, GA -
Home National Bank Blackwell, OK Failed on 7/9/10
Liberty Bank, Inc. Salt Lake City, UT -
Eastside Commercial Bank, National Association Bellevue, WA -
Century Bank Parma, OH -
Pilsen State Bank, Lincolnville, Kansas Lincolnville, KS -
Clarkston State Bank Clarkston, MI -
Rosemount National Bank Rosemount, MN -
Nexity Bank Birmingham, AL -
Farmers State Bank Lumpkin, GA -
First Federal Savings and Loan Association of Pekin Pekin, IL -
AztecAmerica Bank Berwyn, IL -
Bank of Jackson County Graceville, FL -
AnchorBank, fsb Madison, WI -
First Bank West Des Moines, IA -
The First State Bank Stockbridge, GA -
HarVest Bank of Maryland Rockville, MD -
Wakulla Bank Crawfordville, FL -
The First National Bank of Barnesville Barnesville, GA -
Superior Bank Hazelwood, MO -
The First National Bank of Olathe Olathe, KS -
Innovative Bank Oakland, CA Failed on 4/16/10
The Bank of Commerce Wood Dale, IL -
Pacific State Bank Stockton, CA -
Maritime Savings Bank West Allis, WI -
First Cherokee State Bank Woodstock, GA -
The Cowlitz Bank Longview, WA Failed on 7/30/10
Prosper Bank Prosper, TX -
PlantersFIRST Cordele, GA -
FirstSecure Bank and Trust Co. Palos Hills, IL -
First National Bank of Crestview Crestview, FL -
Granite Community Bank, N.A. Granite Bay, CA Failed on 5/28/10
EverBank Jacksonville, FL -
Community Central Bank Mount Clemens, MI -
First Commerce Community Bank Douglasville, GA -
>Colombo Bank Rockville, MD -
Gunnison Valley Bank Gunnison, UT -
Central Bank of Georgia Ellaville, GA -
EvaBank Eva, AL-
First Georgia Banking Company Franklin, GA -
Integra Bank National Association Evansville, IN -
Community Federal Savings Bank Woodhaven, NY -
Allegiance Bank of North America Bala Cynwyd, PA -
SUNRISE BANK OF ALBUQUERQUE Albuquerque, NM -
AmericanWest Bank Spokane, WA -
SunBank, National Association Phoenix, AZ -
Los Padres Bank Solvang, CA -
Central Pacific Bank Honolulu, HI -
The Farmers Bank Lincoln, NE -
Heritage Banking Group Carthage, MS -
Easton Bank & Trust Easton, MD -
Sterling Savings Bank Spokane, WA -
Citizens National Bank of Springfield Springfield, MO -




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