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Tue Dec 11, 2012, 12:00 PM

FDIC: 'Problem' banks under 700 for first time in 3 years

The Federal Deposit Insurance Corporation's list of "problem" banks has fallen below 700 for the first time in three years.

That's according to FDIC's third-quarter report on the banks it insures, which found that overall bank profits of $37.6 billion were up 6.6 percent from the same quarter a year ago.

...

"More than 55 percent of all banks reported loan growth," he added. "Small banks are also increasing their lending, including their loans to small businesses."

Business loans overall grew 2.2 percent, while residential lending increased by less than 1 percent.

http://www.bizjournals.com/bizjournals/washingtonbureau/2012/12/04/fdic-problem-banks-under-700-for.html?ana=lnk

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Reply FDIC: 'Problem' banks under 700 for first time in 3 years (Original post)
FarCenter Dec 2012 OP
OldDem2012 Dec 2012 #1
FarCenter Dec 2012 #2

Response to FarCenter (Original post)

Tue Dec 11, 2012, 12:21 PM

1. That's because those are the banks that have avoided closure....

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Response to OldDem2012 (Reply #1)

Tue Dec 11, 2012, 12:27 PM

2. 700 is about 10% of the total number of commercial banks and saving institutions in the FDIC

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