Problem banks

The FDIC says it was watching 702 of them in the fourth quarter of 2009, up from 252 for the same period a year earlier. "Problem" banks are those receiving closer scrutiny by the feds, usually because they have weak capital cushions to prevent against failure. Keep in mind that not all problem banks will fail, but being on the list is not a great sign. The feds don't release the actual names, but Calculated Risk keeps a running unofficial tally, based on regulator press releases or public news sources it's come across. At last check, CR identified 617 problem banks; I've pulled down the list of the locals. As you can see, most of them are small and little known (one notable exception being Hanmi Bank, which has gotten killed by commercial real estate loans).

--American Continental Bank City of Industry
--Bay Cities National Bank Redondo Beach
--Coast National Bank San Luis Obispo
--Excel National Bank Beverly Hills
--First Standard Bank Los Angeles
--First Vietnamese American Bank Westminster
--Gateway Business Bank Cerritos
--Golden Coast Bank Long Beach
--Golden Security Bank Rosemead
--Golden State Bank Upland
--Hanmi Bank Los Angeles
--Independence Bank Newport Beach
--International City Bank, National Association Long Beach
--Merchants Bank of California, National Association Carson
--Mission Oaks National Bank Temecula
--National Bank of California Los Angeles
--Pan American Bank Los Angeles
--Plaza Bank Irvine
--Saehan Bank Los Angeles
--San Luis Trust Bank, FSB San Luis Obispo
--Uniti Bank Buena Park
--Ventura County Business Bank Oxnard
--Western Commercial Bank Woodland Hills



More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing
Previous story: Turning 20K into 489K

Next story: Betting on Hollywood

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
LA Observed on Twitter and Facebook