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: Calculated RiskUnofficial Problem Bank List May 14, 2010
By Anonymous
Here is the unofficial problem bank list for May 14, 2010.
Changes and comments from surferdude808:
It was a quiet week for the Unofficial Problem Bank List as there were only three removals because of failure and one addition.CR Note: Midwest was a TARP recipient of $89.4 million - and usually when a bank is seized, the Treasury (aka taxpayers) lose the entire investment.The list includes 725 institutions with aggregate assets of $363 billion. The failures include Midwest Bank and Trust Company ($3.4 billion Ticker: MBHI), New Liberty Bank ($114 million), and Satilla Community Bank ($146 million). The sole addition is Monarch Community Bank, Coldwater, MI ($290 million Ticker: MCBF).
There was one name and location change with Ohio Legacy Bank, N.A., Wooster, OH now known as Premier Bank & Trust, N.A., North Canton, OH. We had anticipated for the OCC to release its actions for April 2010 but it looks like that will happen by next Friday.
Full post as published by Calculated Risk on May 15, 2010 (boomark / email).
DC Madame Phone List
Telephone Records of Deborah Jeane Palfrey's Escort Service (Pamela Martin and Associates)
Employee Lawsuits: Negligent Hiring and Retention
Employers must check references, criminal records, other background material.
Chevy Chase Bank
lawsuit claims the bank is in violation of the Truth in Lending Act
Bank Transaction
City Bank president Mike Liner agrees to pay $25,000 fine for assisting in a cash deposit.
Bank Scandal
Swiss bank pays Parmalat $30 million bankruptcy settlement.
Excessive Bank Overdraft Fees
Bank Overdraft Fees alleging excessive fees and misrepresentation of account balances and more.
Bank of America Faces Homeowner Class Action For Withholding Federal Bailout Funds
Bank of America Faces Homeowner Class Action
Bank of America Corporation 401(k) / ERISA Stock Fraud
Bank of America Corporation 401(k) / ERISA Stock Fraud

Nevada February 2008 Bar Results are now available
The legal and necessary bank tax
Bank Failures and FDIC Fund Losses
Bank Failures Update And Future Problem Banks







