Small-business owners need to know that that their bank is financially stable. The Office of the Comptroller of the Currency (OCC) and state agencies monitor banks for signs of financial stress and issue "enforcement actions" in an attempt to put problem banks on the right track. If these efforts fail, the Federal Deposit Insurance Corporation (FDIC) takes over and transfers the banks deposits and loans to more stable institutions. Much of what these agencies do is confidential to avoid a run on banks, but using publicly available data, it's possible to put together an "unofficial" list of problem banks. Updated weekly, this list currently stands at 865. Is your bank on the list?
Learn more (and see the list) at Calculated Risk Blog.
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