Grand Bank West Palm Beach FLA

Grand Bank West Palm Beach Florida was founded in 1999. The company is on the problem bank list as it entered in to a consent agreement with the regulators for poor commercial real estate lending.  This is reflected in the Texas ratio of 98%.

The company has assets of $452MM and $26MM in equity.

The problem portfolio consists of $5MM in loans 30-90 days past due and $22MM on non accrual.

So, they have $27MM in problem loans with only $26MM in equity.

This bank is technically insolvent.

Grand is one thing this bank is not.

Grand is the level of problem loans.

Is this your bank?


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5 Responses to “Grand Bank West Palm Beach FLA”

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