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 CORAL GABLES, Fla., Feb. 4 /PRNewswire/ -- As reported by Bauer Financial Reports, Inc., only 10 commercial banks and 11 savings & loans, nationwide, failed to meet the Dec. 19, 1992 tangible critical capital requirement of 2.0 percent, set by FDICIA, as of Dec. 31, 1992. Failure requires regulators to take action within 90 days (March 19, 1993) and to resolve the bank within 9 months thereafter.
 As we approach the March 19, 1993 deadline, here's an update on the remaining "critical" institutions. The are dividend by banks, and S&Ls and listed alphabetically by state:
 Banks: Columbia National Bank -- Santa Monica, Calif. (Resolved); Guardian Bank -- Boca Raton, Fla; Valley NB of Fremont City -- Hamburg, Iowa; Deerbrook State Bank -- Deerfield, Ill.; National Bank of Harrah -- Harrah, Okla. (Reports a Merger Pending); Banco Financiero de Puerto Rico -- Ponce, Puerto Rico; American Bank of Haltom City, Texas; American National Bank -- Gonzales, Texas; BancCentral -- Amarillo, Texas; and Planters National Bank of Rosebud -- Rosebud, Texas.
 Savings & Loans: Vista Bank, FSB -- Canoga Park, Calif. (Transferred to the RTC); New West FS&LA -- Stockton, Calif. (A "Bad Bank" for American SB probably exempt from this regulation); Delaware SB, FSB -- Wilmington, Del. (Reports a Capital Infusion Pending); Life SB, FSB -- Baton Rouge, La. (Transferred to the RTC); 1st Home FS&LA of the Carolinas -- Greensboro, N.C.; Cenlar FSB -- Princeton, N.J. (Reports that its Capital Plan has been approved); New Jersey S&L -- Atco, N.J. (Reports a merger pending); The Long Island Savings Bank of Centereach -- Centereach, N.Y. (Reports that its Capital Plan has been approved); Old Stone Bank, FSB -- Providence, R.I. (Transferred to the RTC); First FS&LA -- Bryan, Texas (Reports a Capital Infusion Pending); and Lufkin FS&LA -- Lufkin, Texas.
 "Although the pending actions can be viewed with some skepticism, FDICIA and the Congressional mandate for resolution has been a rousing success," said Paul A. Bauer, president of Bauer Financial Reports, Inc., the bank research firm that compiled the data. "Compared to previous levels of insolvent banks, this handful of pending closures does not even warrant a 'problem' classification much less the predicted 'crisis' discussed during the last Presidential campaign."
 Consumers and businesses interested in the current health of their bank may call Bauer's BankRater(R) service toll-free number: 800-388-6686, Monday through Friday, 8 a.m. to 10 p.m., Saturday 9 a.m. to 5 p.m., Eastern time to find out if their bank or thrift meets all current federal capital requirements, free. If, in addition, they want to know exactly how strong their bank is, we will provide that information for a $10 fee for the first institution and $2 for each additional institution. (That information is also free if the bank is a BankRater(R) sponsor).
 A Statewide Bank & Thrift List, which lists and rates all the banks operating in any one state, is also available for $29 postpaid ($39 for Texas and Illinois).
 -0- 2/4/93
 /CONTACT: Brienne Jorgensen of Bauer Financial Reports, 305-444-3125, or fax, 305-441-0691/

CO: Bauer Financial Reports ST: Florida IN: FIN PUB SU:

AW-JB -- FLFNS2 -- 2718 02/04/93 07:33 EST
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Date:Feb 4, 1993

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