You can type in the name of your bank and find out all kinds of interesting information at the Bank Tracker, created by Wendell Cochran at the Investigative Reporting Workshop at the American University School of Communication.
It lists banks’ assets, amount of loans more than 90 days overdue, whether the bank has received funds through the federal Troubled Assets Relief Program and more. For example, little Huntington Federal Savings Bank in West Virginia, shows a troubled asset ratio — the percentage of the bank’s loans that aren’t worth much — of 2.6, compared to the national median of 9.9.Â BB&T Financial, FSB, based in Columbus, Ga., has a troubled asset ratio of 6.9. Both figures are from December 2008. BB&T’s parent, BB&T Corp., has received TARP money, according to the Bank Tracker.
It also lists TARP recipients by state. In West Virginia, those are
First Bank of Charleston, Inc.
Centra Financial Holdings/Centra Bank Inc. of Morgantown
Wesbanco Bank Inc. of Wheeling
Thanks to Andrew McGraw and The Rural Blog, a project of the Institute for Rural Journalism and Community Issues at the University of Kentucky, for spreading the word about this handy resource.