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Commercial Real Estate Remains A Problem For U.S. Banks, But The Worst Could Be Over Mar 11 Product Image

Commercial Real Estate Remains A Problem For U.S. Banks, But The Worst Could Be Over Mar 11

  • ID: 1783769
  • March 2011
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Advanta Bank Corp.
  • BOK Financial Corp.
  • Cupertino National Bank
  • Hudson United Bancorp
  • Old National Bank
  • TCF Financial Corp.
  • MORE

Abstract
Standard & Poor's Ratings Services believes that with some exceptions, the worst could be over in commercial real estate (CRE) for rated U.S. banks. Although we do not expect substantial further deterioration, we believe that CRE will likely remain one of the most troublesome loan categories for U.S. banks in the near term because we expect losses to remain elevated. Continued weakness in CRE loan portfolios could hinder the potential improvement in overall loan performance through the remainder of 2011 and into 2012 because CRE typically lags the economic cycle. However, we expect these pressures to abate over time along with an economic recovery and some improvement in industry fundamentals aided by recent increases in occupancies, rental rates, and property...

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Research Type: Commentary
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- Nellie Mae Corp.
- BOK Financial Corp.
- Bank of Hawaii Corp.
- Bank of America NT&SA, San Francisco, CA
- Bank of New York Mellon Corp.
- Bank of North Dakota
- Deutsche Bank Trust Corp.
- Citicorp
- Comerica Inc.
- Commerce Bancshares Inc.
- Regions Financial Corp.
- BancWest Corp.
- National City Bank Kentucky
- Wachovia Corporation
- BMO Bankcorp Inc.
- HSBC USA Inc.
- M&I LLC
- Mercantile Bankshares Corp.
- Bank of America Corp.
- National City Corp.
- Northern Trust Corp.
- Wells Fargo & Co.
- PNC Financial Services Group
- PNC Funding Corp.
- Private Export Funding Corp.
- State Street Corp.
- UMB Financial Corp.
- SunTrust Bank Holding Co.
- WFC Holdings Corp.
- Zions Bancorporation
- ANZ (DE) Inc.
- Deutsche Bank Trust Co. Americas
- BBVA Compass Bancshares, Inc.
- JPMorgan Chase Bank N.A.
- Citibank N.A.
- Commerce Bank N.A.
- Dresdner U.S. Finance Inc.
- First Horizon National Corp.
- Fleet National Bank
- Government Development Bank for Puerto Rico
- Hibernia Corp.
- Huntington Bancshares Inc.
- HSBC Bank USA N.A.
- National Australia Funding (DE) Inc.
- BNP Paribas Finance Inc.
- PNC Bank, National Association
- Riggs National Corp.
- Societe Generale N.A. Inc.
- State Street Bank and Trust Co., Boston, MA
- MUFG Union Bank, N.A.
- Riggs Bank, N.A.
- Wells Fargo Bank Northwest NA
- U.S. Bancorp
- Wilmington Trust Co. DE
- First Tennessee Bank N.A. Memphis
- Fifth Third Bank Michigan
- BMO Harris Bank National Assn.
- Synovus Bank
- Wells Fargo Bank N.A.
- Regions Bank
- Compass Bank
- Manufacturers & Traders Trust Co.
- LaSalle Bank N.A.
- Fort Wayne National Bank, Fort Wayne, IN
- National City Bank, Cleveland, OH
- Comerica Bank
- Zions First National Bank, Salt Lake City, UT
- BOKF N.A.
- Bank of New York Mellon (The)
- BNZ N.A. Inc.
- Citibank (South Dakota) N.A. Sioux Falls
- Calyon North America Inc.
- Fifth Third Bancorp
- First Virginia Bank, Falls Church
- Huntington National Bank
- Bank of America N.A.
- KeyBank N.A.
- BB&T Corp.
- SunTrust Bank
- UMB Bank N.A.
- UBS AG (NY Branch)
- SunTrust Banks Inc.
- KeyCorp
- CIC Finance (DE) Inc.
- BNY Mellon N.A.
- Morgan Stanley
- Advanta Corp
- The Northern Trust Co.
- M&I Marshall & Ilsley Bank
- Branch Banking & Trust Co.
- SouthTrust Bank
- Union Planters Bank N.A.
- Colonial Bank
- First-Citizens Bank & Trust Co.
- First National Bank of Omaha
- First Hawaiian Bank
- BNY Mellon Trust of Delaware
- Banco Santander Puerto Rico
- Old National Bancorp (Unsolicited Ratings)
- Old National Bank
- RBC Centura Bank
- BancorpSouth Bank
- ASLK-CGER North America Inc.
- SMBC Capital Markets Inc.
- Countrywide Financial Corp.
- CCBP International Inc.
- Banco Popular de Puerto Rico
- Frost Bank
- Chase Bank U.S. N.A.
- LaSalle Bank Midwest N.A.
- National City Bank, Indiana
- American Express Centurion Bank
- JPMorgan Chase & Co.
- Bank of the West
- Provident Bank of Maryland, Baltimore,MD
- RBC Bank (U.S.A.)
- Associated Bank N.A.
- National Bank of Commerce, Memphis
- UnitedTrust Bank
- UnionBanCal Commercial Funding Corp.
- Deutsche Bank National Trust Co.
- Citigroup Inc.
- M&T Bank Corp.
- Deutsche Bank Trust Co. Delaware
- BancorpSouth Inc.
- TCF National Bank
- FIA Card Services N.A.
- MUFG Americas Holdings Corporation
- Discover Bank
- Bank of America N.A. (USA)
- Synovus Financial Corp.
- The Goldman Sachs Group Inc.
- PNC Bank, Delaware
- Banesto (DE) Inc.
- U.S. Bank National Association, ND
- Popular Inc.
- TCF Financial Corp.
- National City Bank of the Midwest
- Popular North America Inc.
- Doral Financial Corp.
- MBNA Corp.
- Hudson United Bank
- Popular International Bank Inc.
- Hudson United Bancorp
- Webster Financial Corp.
- Webster Bank N.A.
- FirstMerit Bank N.A.
- Cupertino National Bank
- Capital One Bank (U.S.) N.A.
- Capital One Financial Corp.
- Susquehanna Bancshares Inc.
- FirstBank Puerto Rico
- Lehman Brothers Securities Asia
- Carolina First Bank
- California Commerce Bank
- FirstMerit Corp.
- Advanta National Bank
- S&T Bank
- Bank One, West Virginia, N.A.
- Branch Banking & Trust Co. of South Carolina
- Valley National Bancorp
- Valley National Bank
- HSBC Bank Nevada N.A.
- Fifth Third Bank
- Federal Reserve System (Unsolicited Ratings)
- Providian National Bank
- Providian Financial Corp.
- Banc One Capital Holdings Corp.
- People's United Financial Inc.
- North Fork Bancorp
- Colonial BancGroup Inc.
- TD Bank US Holding Co.
- Cullen/Frost Bankers Inc.
- Key Equipment Finance Inc.
- Citizens Bank of Rhode Island
- The National Bank of South Carolina, Columbia
- First Commercial Bank, Birmingham
- Whitney National Bank
- Whitney Holding Corp.
- Citizens Bank
- Citizens Republic Bancorp Inc.
- Natixis Financial Products LLC
- U.S. Bank National Association
- City National Bank Beverly Hills
- City National Corp.
- Commerce Bancorp, Inc.
- Wilmington Trust Corp.
- Branch Banking & Trust Co. of Virginia
- CoBank ACB
- Fulton Financial Corp. (Unsolicited Ratings)
- Sky Financial Group Inc.
- Citizens Bank Illinois N.A.
- Associated Banc Corp.
- Associated Bank Illinois N.A.
- F&M Bank - Wisconsin
- F&M Bank - Iowa
- Key Treasury Management Co.
- E*TRADE Bank
- Advanta Bank Corp.
- BANA Holding Corp
- BMO Harris Financing Inc.
- Santander BanCorp.
- Discover Financial Services Inc.
- Morgan Stanley Bank N.A.
- AgFirst Farm Credit Bank
- Bank of North Georgia
- Citizens Bank of Pennsylvania
- TD Bank N.A.
- Greater Bay Bancorp
- Greater Bay Bank N.A.
- M&I Bank FSB
- Trustmark Corp.
- Trustmark National Bank
- Chittenden Corp
- Banco Bilbao Vizcaya Argentaria Puerto Rico
- Associated Bank Minnesota N.A.
- Depfa Bank PLC, New York Agency
- Southwest Bank of St. Louis
- First Midwest Bancorp Inc.
- First Midwest Bank
- Silicon Valley Bank
- SVB Financial Group
- OFG Bancorp
- Oriental Bank
- American Express Bank FSB
- Countrywide Bank FSB
- Citizens Bank New Hampshire
- Sumitomo Mitsui Trust Bank (USA) Ltd.
- Citizens Bank of Connecticut
- Citizens Bank, N.A.
- Ocean National Bank
- Flagship Bank and Trust
- Bank of Western Massachusetts
- Maine Bank & Trust
- LNR Property Holdings Ltd
- Wells Fargo South Central N.A.
- Bank of America (California) N.A.
- Lehman Brothers Bank FSB
- Agribank FCB
- Marshall & Ilsley Corp.
- Lehman Brothers Commodity Services
- Bank of America Rhode Island N.A.
- UBS Bank USA
- First Niagara Financial Group Inc.
- First Niagara Bank

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