It's Friday, which means that the Federal Deposit Insurance Corp. could shut down more banks. The FDIC has put 252 banks on its "problem list" and has estimated bank failures will cost it $65 billion through 2013. So far 21 banks have failed this year.
The Street.com has an interesting article listing all of the
undercapitalized banks and thrifts, flagging the next banks that might potentially hit the FDIC's failed bank list.
According to their list, these are the thrifts that are undercapitalized and could potentially fail:
- IndyMac Federal Bank FSB (the successor institution to failed IndyMac and now known as OneWest Bank Group).
- American Sterling Bank, which could sell to Phoenix Cos., a Connecticut-based insurance company; however, the sale was just extended another month.
- Federal Trust Bank, which may be acquired by Hartford Financial Services Group.
- Bank United Financial Corp.
- Lehman Brothers Bank FSB (owned by bankrupt Lehman Brothers Holdings Inc.). A judge recently let Lehman pump $15 million into the
bank.
- Home Federal Savings Bank, which was ordered by federal regulators to find a buyer by April 15.
- EBank has been trying to raise capital.
- Greater Atlantic Bank was selling itself in January.
The Deal also flagged Bank United as a potential thrift to be seized in early March (
read full story in Pipeline).The Deal's Anthony Noto says Prescient Inc., Grubb & Ellis and CB Richard Ellis Group Inc. are advising the FDIC on the sale of remaining assets it received from failed banks across the country. As of Jan. 31, 2009 - it has taken on $17 billion of assets in liquidation.
- Maria Woehr Also see:
Failed Bank List
Three more banks and two credit unions fail
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