Waccamaw Bank Whiteville, NC

Worst Bank in the Country?

Take a look at the new site

capital2risk.com

These idiots lost $21,063,000 in Q4 2011 wiping out around 75% of the remaining equity in 90 F$$ckig days

These dopes have $60,000,000 in junk loans and $6,787,000 in equity

This place is BANCR$$PT

You better take your money out of this disaster

BE THE WORST CAPITALIZED BANK IN THE COUNTRY

JIM MAKES $391,000 TO BANKRUPT THIS PLACE

WHY IS THIS CLOWN GIVING MONEY AWAY, THIS DISASTER IS BANKRUPT

WHITEVILLE?

Waccaamaw Bank Whiteville, NC has an astonishing  Texas ratio of 100%.  That is probably why they have become a member of the problem bank list. They entered into a written agreement with the regulators.

The company has assets of $561MM and equity of $33MM.

The problem loan list is interesting.  There are $13MM in loans 30-90 days past due, with $56MM in non accruals.

Hold on, there are $59MM in bad loans with $33MM in equity.

This thing is looking bankrupt.

Why isn’t this place closed down?

They lost $6MM in Q2 2011.

At least the executives were paid well for wrecking this company.

James Graham made  $391K

Richard Norris made $127K.

Not bad pay for wiping out 120% of the company equity.

Do you think James Graham should go?

Hopefully you don’t have money here.  This place is bankrupt and so is the FDIC!

Whiteville? interesting name for a town in North Carolina

It looks like Jim Graham is the guy who ran this place into the ground.

Do you have money in this bank?

Do you trust Jim Graham?

This  clown is going to take your money until he drives the place into bankruptcy.

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2 Responses to “Waccamaw Bank Whiteville, NC”

  1. Clair Vost Says:

    You are my intake , I own few web logs and rarely run out from to brand.

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