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FDIC's Watch List of 'Problem Banks' Keeps Growing

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Bank Alert 10/4/2008...( FDIC watch list alert)

Alliance bank is on the fail bank watch list of FDIC.

Market rumors indicated that Alliance bank will likely fail in the next 6~9 months

Alliance bank are losing 2.56 dollar for every $100 asset

They have 9.66 bad loans for every 100 loans as 6/30/2008

(update, Alliance bank was closed by FDIC on 2/6/2009)

allbank.com


Bank Alert 2/17/2009..( FDIC watch list alert)

Affinity bank is on the fail bank watch list of FDIC.

Market rumors indicated that Affinity bank will likely fail in the next 3~6 months

Affinity bank are losing 2.34 dollar for every $100 asset

They have 8.33 bad loans for every 100 loans as 12/31/2008

affinitybank.com


At the beginning of year 2008, 90 banks were on the FDIC watch list. There are now 117, FDIC chairwoman Sheila C. Bair announced at a news conference. That is the highest number in five years, but some analysts expect the list to grow even more in coming months.

"I think there's going to be a steady drip, drip, drip of bad news," said Sean Ryan, a banking analyst with Sterne Agee. "We've only seen the very tip of the iceberg in terms of bank failures."
The Federal Deposit Insurance Corporation’s list of 117 “problem banks” is growing, according to FDIC press release. The number of banks that may have squandered away their depositors’ cash is up 30%, quarter over quarter, the highest it’s been in more than five years.

The FDIC does not disclose the names of the banks on its watch list. The very last thing the FDIC wants to publicize is which bank might be at risk. If you knew that, you and a couple of million of your friends and neighbors might be tempted to pull your money out of the troubled bank. And that would get ugly indeed. However, You could easily find out the names of the imminent fail banks through our bank rating report with $10 fee. Yes, that's right. With $10, our report will tell you the problem bank which is likely to fail in the next 6~9 months from now. You can withdraw your life saving deposit from the problem bank before it is too late.


Failed Bank List

The FDIC is often appointed as receiver for failed banks. This page contains useful information for the customers and vendors of these banks. This includes information on the acquiring bank (if applicable), how your accounts and loans are affected, and how vendors can file claims against the receivership.