Tuesday, September 02, 2008

Bank Failure Watchlist

Saw this bank failure watchlist and thought I'd share it. I think it's not as up to date as it ought to be, as Vineyard Bancorp's numbers appear to be too high (it's ranked #107 last I checked with Tier I capital and leverage ratios that appear much stronger than they reported in their recent 10-Q). That said, it is a pretty good automated list to work from and I expect that most of the top 150 (and more) either outright fail or are "acquired".

It doesn't look pretty. Better go home and get your boots.


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