Grayson National Bank Independence, Virginia

Grayson National Bank Independence Virginia was founded in 1900.  The Texas ratio is 62%.

The company has assets of $367MM and equity of $29MM.

The problem loan situation is rather large, in relation to it’s equity position.  The company has $24MM in bad loans.

Having $24MM in bad loans and only $29MM in equity puts the equity situation at risk.

The non accrual portfolio alone could wipe this place out.

Jacky Anderson  made $201K

Dennis Gambill    made $155K

Blake Edward       made  $143K

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