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928 And Counting

By
Real Estate Appraiser with PahRoo Appraisal & Consultancy

 

If you like numbers, here's one for you: 928. 

928 is the number of banks on the FDIC unofficial 'watch list'.  The OCC (Office of the Comptroller of the Currency) released its recent report which indicated that unofficially there are 928 institutions with assets of $361.9 billion that are at risk.

Some good news...a year ago, this same unofficial list indicated that there were 988 institutions with assets of $423.8 billion.  So this is positive movement.  Of course, some of that decline was direclty due to banks failing or getting taken over.

Michael Hobbs, PahRoo Appraisal & Consultancy

Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

so many banks on this list, wow did not know that many were at risk.. wells fargo is hopefully not on the list!

May 23, 2012 11:25 AM