Regents Bank Vancouver Washington

Regents Bank Vancouver Washington took $12MM in tax payer bailout money, which it has not paid back.

The company has $322MM in assets and $38MM in equity.

The actual equity is $26MM, when the $12MM of debt is backed out of the equity position.

The net income was $631k in FY10 and $125k in FY09

At this rate, how long will it take them to repay the tax payer funds, how about eternity.

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