The FDIC's seizure of Washington Mutual Inc. marks the 13th bank failure so far this year, including IndyMac, which filed for
Chapter 7. The FDIC swooped in and sold off the assets of the rest of the failed banks on this list.
- Washington Mutual, Sept. 25
- Ameribank, Sept. 20
- Silver State, Sep.t 8
- Integrity Bank of Alpharetta, Sept. 2
- Columbian Bank and Trust Co., Aug. 22
- First Priority Bank, Aug. 1
- National Bank of Nevada, July 28
- First Heritage Bank NA, July 28
- IndyMac Bancorp, July 11
- First Integrity Bank NA, May 30
- ANB Financial NA, May 9
- Hume Bank, March 7
- Douglass National Bank, Jan. 25
The FDIC
revealed
that at the end of June there were 117 banks on the agency's watch
list, up from 90 at the end of March. While the FDIC doesn't make that list public, others have attempted to make their best guess as to who is on the list. The most notable list comes from Ladenburg Thalmann & Co.
analyst Richard X. Bove, who in July singled out a bunch in his report "
Who is next?".
We have compiled this list to keep track of how the largest banks and thrift banks are doing based on his analysis, but not all of them are at risk to fail. -
Maria Woehr
Troubled Banks
Prices at 12:30 pm EDT |
| Name |
Price at
open |
Price
at 12:30pm |
Change |
Mkt cap |
| Anchor BanCorp Wisconsin |
8.24 |
8.16 |
-0.38 |
175.28M |
| BankAtlantic Bancorp Inc. |
1.68 |
1.64 |
-0.16 |
92.31M |
| BankUnited Financial Corp. |
1.05 |
.79 |
-0.2 |
28.20B |
| Boston Private Financial Holdings |
9.92 |
9.00 |
-1.27 |
515.44M |
| Popular Inc. |
9.28 |
8.93 |
-0.22 |
2.52B |
| Cascade Bancorp |
8.48 |
8.65 |
-0.18 |
214.13M |
| Capital Corp. of the West |
3.25 |
3.45 |
0.45 |
37.31M |
| Flagstar Bancorp Inc. |
4.18 |
3.98 |
-0.52 |
288.62M |
| Franklin Bank Corp. |
0.06 |
0.46 |
-0.15 |
11.67M |
| First Horizon National |
11.08 |
10.15 |
-1.81 |
2.9M |
| IBERIABANK Corp. |
52.15 |
57.08 |
2.57 |
738.07M |
| Macatawa Bank Corp. |
9.14 |
9.31 |
-0.30 |
159.00M |
| American International Group Inc. |
3.22 |
2.77 |
0.04 |
8.67B |
| Macatawa Bank Corp. |
9.14 |
9.31 |
-0.30 |
159.00M |
| PrivateBancorp. |
40.29 |
40.03 |
-0.76 |
1.33B |
| Security Bank Corp. |
4.09 |
4.34 |
0.09 |
191.00M
|
| Umpqua Holdings Corp. |
16.19 |
15.51 |
-0.78 |
930.24M
|
| Western Alliance Bankcorp. |
14.88 |
15.00 |
-0.78 |
507.73M
|
| Regions Financial Corp. |
12.90 |
14.00 |
0.15 |
9.73B
|
| SunTrust Banks Inc. |
48.27 |
49.11 |
-0.64 |
17.40B
|
| W Holding Co. |
00.55 |
00.52 |
-0.026 |
84.46M
|
| Western Alliance Bankcorp. |
14.88 |
15.00 |
-0.78 |
507.73M
|
| Bank of America Corp |
33.76 |
35.20 |
0.83 |
158.42B
|
| Fifth Third Bancorp |
15.05 |
15.07 |
-0.65 |
507.73M
|
| National City Corp. |
7.82 |
3.04 |
-1.93 |
97.92M
|
| Sovereign Bankcorp Inc. |
14.88 |
7.47 |
-0.65 |
4.91M
|
Source: The Deal |
Comments
Its not the most optimistic question, but it is the question on everyone's mind: What big bank could the Federal Deposit Insurance Corp. be eyeing next? 
This story isn't true. The Deal did not read or understand the Bove report. The Bove report sets out 2 tests, reviews many banks and says which banks meet the 2 criteria and which don't. It's as much a "which banks are good" list as it is "which banks are bad." Its extremely misleading to run this as a "next to fail" list. You really ought to issue a retraction.