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IT'S TIME FOR ANOTHER 'TURKEY' BANK & THRIFT LIST

 CORAL GABLES, Fla., Nov. 20 ~PRNewswire~ -- What would Thanksgiving be without a "Turkey" Bank & Thrift List? First introduced in November 1987 as the "Turkey Thrift List," the original list contained the names of 136 thrifts that were "very likely candidates for action" within a year. That list now reads like a death scroll -- not one of the thrifts presently exists under its original charter.
 This year's "Turkey" Bank and Thrift list contains 191 banks, savings banks and savings and loans that we project will not exist in their present form by Thanksgiving next year. They are either "critically undercapitalized," "significantly undercapitalized" or "adequately capitalized." The adequately capitalized banks and thrifts included on the list are performing so poorly that we project they will shortly become "significantly undercapitalized" or even leapfrog to the critical group.
 "Not every bank or thrift with an undercapitalized rating is on the list," said Paul A. Bauer, president of Bauer Financial Reports, Inc., the research firm that compiled the list. "Some undercapitalized institutions have strong parent~holding companies or other sources of capital. We selected each turkey based on our analysis of a variety of factors. The institutions on this list are "ready for the kill," he added.
 Bauer Financial Reports, Inc. analyzes and compiles data on all U.S. banks, thrifts and credit unions. To find out if your bank is a "turkey" or if it meets current regulatory capital guidelines, call Bauer's BankRater(R) at 800-388-6686 between 8 a.m. and 8 p.m., Eastern time, Monday through Friday. This is a free service. Additional financial data on your bank, including its star rating, is available for $10.
 -0- 11~20~92
 ~NOTE TO EDITOR: Members of the press may request specifics on the "Turkey" Bank & Thrift List by calling Paul A. Bauer or Karen Dorway at 305-444-3125 or Faxing their request to 305-441-0691. Non-press entities may purchase the list for $50 by calling 800-388-6686.
 CONTACT: Brienne Jorgensen of Bauer Financial Reports, Inc., 305-444-3125~


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

SS-JJ -- FLFNS1 -- 3217 11~20~92 07:33 EST
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Publication:PR Newswire
Date:Nov 20, 1992
Words:348
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