Archive for the ‘Failure’ Category
Saturday, September 3rd, 2011
- Patriot Bank of Georgia , a GA based bank, was closed down by the FDIC on 2-Sep-11. There have been 22 bank failures in the country so far in this quarter, and 5 in the state of GA.
- Bankvega safety score (on a scale of 1 to 100) for this bank was 1 for the most recent quarter before its actual failure. Thus, this bank was ranked in the riskiest bucket among all commercial banks in the country.
- Over the past six quarters, the bank has experienced a remarkable detrioration in its safety ranking. As evident from this graph, the bank’s safety ranking experienced a considerable decline three quarters ago.
- Further analysis indicates that the the bank’s poor growth rate was a major contributor to its downfall.
- Post-failure Recovery: The bank’s post-failure asset value is estimated to be about 82.31% of its book value at the time of failure. Thus, the bank’s assets are expected to recover a significant portion of their pre-failure value in coming months.
- Further analysis indicates that the bank’s relatively large equity base is a key contributor to its higher than average recoveray rate.
Tags: 58273, georgia bankruptcy, patroit bank of georgia
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Saturday, September 3rd, 2011
- The First National Bank of Olathe , a KS based bank, was closed down by the FDIC on 12-Aug-11. There have been 16 bank failures in the country so far in this quarter, and 1 in the state of KS.
- Bankvega safety score (on a scale of 1 to 100) for this bank was 1 for the most recent quarter before its actual failure. Thus, this bank was ranked in the riskiest bucket among all commercial banks in the country.
- As evident from this graph, the bank’s safety ranking experienced a considerable decline five quarters ago.
- Further analysis indicates that the bank’s poor earnings was a major contributor to its downfall.
- Post-failure Recovery: The bank’s post-failure asset value is estimated to be about 83.27% of its book value at the time of failure. Thus, the bank’s assets are expected to recover a significant portion of their pre-failure value in coming months.
- Further analysis indicates that the bank’s large cash balance is a key contributor to its higher than average recoveray rate.
Tags: 4744, kansas bankruptcy, the first national bank of olathe
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Saturday, August 6th, 2011
- Bank of Whitman , a WA based bank, was closed down by the FDIC on 5-Aug-11. There have been 37 bank failures in the country so far in this quarter, and 3 in the state of WA.
- Bankvega safety score (on a scale of 1 to 100) for this bank was 2 for the most recent quarter before its actual failure. Thus, this bank was ranked as one of the riskiest ones among all commercial banks in the country.
- Over the past six quarters, the bank’s safety ranking has detriorated considerablly. As evident from this graph, the bank’s safety ranking experienced a considerable decline six quarters ago.
- Further analysis indicates that the the bank’s poor growth rate was a major contributor to its downfall.
- Post-failure Recovery: The bank’s post-failure asset value is estimated to be about 80.61% of its book value at the time of failure. Thus, the bank’s assets are expected to recover a significant portion of their pre-failure value in coming months.
- Further analysis indicates that the bank’s large cash balance is a key contributor to its higher than average recoveray rate.
Tags: 22528, bank of whitman, washington bank failures, washington bankruptcies
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Saturday, August 6th, 2011
- Bank of Shorewood , a IL based bank, was closed down by the FDIC on 5-Aug-11. There have been 37 bank failures in the country so far in this quarter, and 3 in the state of IL.
- Bankvega safety score (on a scale of 1 to 100) for this bank was 4 for the most recent quarter before its actual failure. Thus, this bank was ranked as one of the riskiest ones among all commercial banks in the country.
- Over the past six quarters, the bank’s safety ranking has detriorated considerablly. As evident from this graph, the bank’s safety ranking experienced a considerable decline five quarters ago.
- Further analysis indicates that the the bank’s poor capital position was a major contributor to its failure.
- Post-failure Recovery: The bank’s post-failure asset value is estimated to be about 82.31% of its book value at the time of failure. Thus, the bank’s assets are expected to recover a significant portion of their pre-failure value in coming months.
- Further analysis indicates that the bank’s relatively large equity base is a key contributor to its higher than average recoveray rate.
Tags: 22637, bank of shorewood, illinois bamnkruptcy, illinois bank failures
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Monday, August 1st, 2011
- Integra Bank National Association , a IN based bank, was closed down by the FDIC on 29-Jul-11. There have been 35 bank failures in the country so far in this quarter, and 1 in the state of IN.
- Bankvega safety score (on a scale of 1 to 100) for this bank was 2 for the most recent quarter before its actual failure. Thus, this bank was ranked as one of the riskiest ones among all commercial banks in the country.
- Over the past six quarters, the bank’s safety ranking has detriorated considerablly. As evident from this graph, the bank’s safety ranking experienced a considerable decline during the past quarter.
- Further analysis indicates that the the bank’s poor capital position was a major contributor to its failure.
- Post-failure Recovery: The bank’s post-failure asset value is estimated to be about 80.61% of its book value at the time of failure. Thus, the bank’s assets are expected to recover a significant portion of their pre-failure value in coming months.
- Further analysis indicates that the bank’s large cash balance is a key contributor to its higher than average recoveray rate.
Tags: 4392, indiana bankruptcy, Integra Bank National Association
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