There is an unofficial list of problem banks. There are 980 American banks on this list. Is one of them yours? Find out.
Here is the unofficial problem bank list for Dec 2, 2011. (table is sortable by assets, state, etc.)
Since the publication of the Unofficial Problem Bank List in August 2009, this is the first week there are no changes to report as the list remains unchanged at 980 institutions with assets of $400.5 billion. A year-ago, the list held 919 institutions with assets of $410.3 billion. The calendar only has about two more Fridays favorable for closures, so the FDIC will have to step it up if it needs to close anything else before year-end. Prime closing candidates may be the 25 institutions operating under a Prompt Corrective Action order.
The big threat: your employer may depend on a line of credit from one of these banks. That could be cut off. In a matter of weeks, your employer could be out of business.
Small business owners should check this list.