FDIC Problem Bank Watch List

The number of “Problem Banks" and financial institutions on the FDIC’s watch List continue to rise during the fourth quarter 2010. At year end, the number of problem banks stood at 884, an increase of 24 from the end of the third quarter 2010, as bad loans in the commercial real-estate market weighed on bank balance sheets. The total assets of these problem banks increased from $379 billion to $390 billion over the same period.

There were 702 banks on the FDIC's problem bank list at the end of 2009, up from 252 at the end of 2008.

FDIC officials expect the number of Bank Failures, to peak in 2010 after climbing steadily over the past three years. For 2010, Federal and State Regulators have closed 157 banks. "As we have repeatedly stated, we believe that the number of failures peaked in 2010, and we expect both the number and total assets of this year's failures to be lower than last year's," added Chairman Bair.

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