Monday, May 18, 2009

Ailing Bank List

18 May 2009 12:00 Africa/Lagos

Ailing Bank List

DALLAS, May 18 /PRNewswire/ -- Regulatory actions against U.S. financial institutions increased during the latest quarter. Many of the banks that faced actions also face possible failure.

During the first quarter, 180 regulatory actions taken against financial institutions and mortgage lenders were tracked by -- a dominant source of online news and statistics for the mortgage industry. The number of actions was up from a revised 164 during the fourth-quarter 2008.

Regulatory Actions by Quarter

Q1 2009 Q4 2008 Q3 2008
(revised) (revised)
180 164 115

First-quarter cease-and-desist orders numbered 65, up from the prior period's 58. Institutions that are seized by bank regulators often face cease-and-desist orders prior to their closing.

Formal agreements were reached with 46 institutions, climbing from the fourth quarter's 34, while 33 civil money penalties were issued in the first quarter, falling from 38. Regulators issued 19 removal-and-prohibition orders, lower than 25 in the second quarter.

Type of Order Q1 2009 Q4 2008
Cease-and-Desist 65 58
Civil Money Penalty 33 38
Formal Agreement 46 34
Removal-and-Prohibition 19 25

Institutions that faced first-quarter regulatory actions and subsequently failed include Alliance Bank, America West Bank, Cape Fear Bank, Corn Belt Bank and Trust Co., First Bank of Beverly Hills, Firstcity Bancorp Inc., New Frontier Bank, Security Savings Bank, Sherman County Bank and Silverton Bank, N.A.

The majority of reported actions, 102, were taken by the Federal Deposit Insurance Corporation. Activity rose from 101 actions in the prior period.

First-quarter regulatory actions taken by the Office of the Comptroller of the Currency edged up to 38 up from the fourth-quarter's 36.

Over at the Federal Reserve, 32 orders were reported, climbing from 23.

Regulator Q1 2009 Q4 2008
Federal Deposit Insurance Corporation 102 101
Federal Reserve Board 32 23
National Credit Union Administration 5 0
Office of the Comptroller of the Currency 38 36
Office of Thrift Supervision 0 0

Complete Q1 Regulatory report and full list of companies

Mortgage Compliance news

Mortgage Litigation news


Founded in 1998, provides online mortgage news and analysis for the mortgage industry. Around 1 million news pages are viewed monthly at and its affiliate publications.

Sam Garcia
3811-700 Turtle Creek Blvd.
Dallas, TX 75219


CONTACT: Sam Garcia of, +1-214-521-1300,

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