Bank CAMELS
Bank safety ratings based upon financial institutions’ Capital Adequacy, Asset Quality, Management, Earnings, Liquidity, and Sensitivity (CAMELS)

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Depositors Can Become Shareholders of Failed Banks

July 7, 2020 |  Categories:  Bank Failures  

BankCAMELS has no legal expertise and we don't offer any legal opinions.  According to an article from GSIexchange, however, customers and depositors who are storing assets in a bank are “creditors” who can immediately be regarded as legitimate bank “shareholders". This means that a large portion of their stored …


What happens when a bank fails?

July 3, 2020 |  Categories:  Bank Failures  

The following is taken directly from FDIC website:

Though unlikely, bank failures do occur and the FDIC responds in two capacities. First, as the insurer of the bank's deposits, the FDIC pays insurance to depositors up to the insurance limit. Historically, the FDIC pays insurance within a few days after …


Highlights of IndyMac Bank Closing

May 31, 2020 |  Categories:  Bank Failures  

IndyMac Bank, F.S.B., Pasadena, CA, was closed on July 11 (Friday), 2008 by the Office of Thrift Supervision. All insured deposits and substantially all the assets of IndyMac Bank was transferred to IndyMac Federal Bank over the following weekend.  As a result, "Depositors of IndyMac Federal Bank, FSB will have no …


Protect your money. Avoid weak banks

May 23, 2020 |  Categories:  Bank Safety Rating  

Hundreds of banks failed during the Great Recession period, with 157 in 2010 alone.  Given the current economic stress, many banks will fail for sure.

If your bank fails, you may lose money indirectly, even with FDIC insurance, and will surely suffer the headache of disruptions: 

  1. Once a bank is …


Failed First State Bank Was Properly Rated With The Worst Rating

April 7, 2020 |  Categories:  Bank Safety Rating  

On Friday, April 3, 2020, The First State Bank was closed by the West Virginia Division of Financial Institutions.  This marks the second bank failure for this year.

"The First State Bank has experienced longstanding capital and asset quality issues, operating with financial difficulties since 2015. The bank's December 31, …


The Failure of Ericson State Bank Was Properly Indicated By Our Rating

March 28, 2020 |  Categories:  Bank Safety Rating  

On Friday, February 14, 2020, Ericson State Bank was closed by the Nebraska Department of Banking and Finance (Source: FDIC ).  This marks the first bank failure in 2020.

The state shuttered the bank after regulators found "large out-of-territory commercial loan losses" and "poor management practices" made it insolvent.

This …


The Worst Rated Banks Q4 19

March 25, 2020 |  Categories:  Bank Safety Rating  

The following banks have the worst rating (numeric rating 1 or one star rating) based upon data up to Q4, 2019:

ERICSON STATE BANK, ERICSON, NE

ALMENA STATE BANK, ALMENA, KS

FIRST STATE BANK, THE, BARBOURSVILLE, WV

 FIRST CITY BANK OF FLORIDA, FORT WALTON BEACH, FL

FARMERS BANK, THE, CARNEGIE, …


Bank Failures Due to Fraud

Feb. 6, 2020 |  Categories:  Bank Safety Rating   Bank Failures  

Even though rare, bank fraud still happens.  Among the 4 bank failures happened in 2019, one of them, the Enloe State Bank, was caused by fraud. 

Commissioner Cooper of Texas stated “we are forced to close this bank which was chartered in 1928 due to insider abuse and …


2019 Bank Failures

Jan. 25, 2020 |  Categories:  Banks in General  

After experiencing no bank failures in 2018, only 4 banks were closed in 2019.  They are:

The Enloe State Bank, Cooper, Texas, closed on May 31, 2019

https://www.fdic.gov/news/news/press/2019/pr19046.html

Louisa Community Bank in Louisa, Kentucky, closed on October 25, 2019

https://www.fdic.gov/news/news/press/2019/pr19096.html

 Resolute Bank in Maumee, Ohio …


Banks With Worst Rating in Q3 19

Jan. 5, 2020 |  Categories:  Bank Safety Rating  

The following banks have the worst ratings (numeric rating 1 or one star rating) based upon data available up to Q3 2019.

 

RESOLUTE BANK, MAUMEE, OH

ALMENA STATE BANK, ALMENA, KS

FIRST STATE BANK, THE, BARBOURSVILLE, WV

FIRST CITY BANK OF FLORIDA, FORT WALTON BEACH, FL

COMMUNITY BANK & …

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