Alpine Bank Glenwood Springs, CO

J Robert Young where is the $63MM you took, it is probably in your pocket?

Alpine Dank Glenwood Springs, CO was founded in 1934.  The company took $63MM in tax payer bailout funding which it has neglected to repay.  The Texas ratio is 41%.  This could be the worst bank in Colorado.

They should hire this guy as CEO, he has figured out

This mortgage broker, doesn’t have a mortgage license, he does have a medical marijuana license

You can find this guy here

 

The company has $1.8B in assets with a $1B in loans and $209MM in equity.

The bank has $23MM in loans past due 30-90 days, with $86MM on non accrual and $28MM in OREO.

The stated equity was $209MM however, the $63MM in tax payer debt they have chosen not to repay, is actually debt not equity.  The actual equity is $146MM.

They have $109MM in bad debt supported by $146MM in equity.

This bank is probably technically insolvent

Net income was ($48MM) in FY10.

How are they going to pay back the $63MM, owed to the tax payer?

The question is why aren’t they on the problem bank list?

Who was making these loans Hunter S .

This place is Gonzo

Fear and loathing, if you are sitting on this portfolio.

The spring runoff is going to take this thing into Lake Powell.

Hopefully you don’t have your money in this debacle.

No use suing a dispensary, your problem loan portfolio is looking Dank?

Maybe this is part of their “green” initiative.

Dank is not paying the tax payer back the $63MM you took.

Do you have money in this bank, they are bankrupt.

Check the website out, they won’t even tell you who the management team is.

Who runs this place?

This thing should be converted to a dispensary, maybe they would make money.

J . Robert Young inducted into the Colorado business hall of shame, for stealing $63MM of your tax payer money.

J. Robert Young, where is the $63MM you stole from the tax payer, this clown should be in jail!

.

This bank has not even paid interest on these funds in over year

Tags: deliquency, executives paid despite non payment of bailout fund, Non repayment of Gov. bailout funds, problem bank list, real estate