Citizens Bank of Northern California Nevada City California


This is Gary Gall in the middle, the CEO

This place is on the problem bank list

It is also one of the worst capitalized banks in the country

This disaster should be bankrupt in no time

Citizens Bank of Northern California Nevada City California was founded  in 1995.  The company took $10MM in tax payer supported bailout funds which they haven’t repaid.  The company is on the problem bank list for weakness in management, earnings, capital and liquidity.   The stock is delisted.  For some reason the cancelled the annual shareholder’s meeting.  It sounds like they had to extend the capital raising period.  Who in their right mind would put money into this place.  The Texas ratio is 134%.

The company is also on the list of under capitalized banks, the tier 1 risk based capitalization is 7.71%.

The company has assets of $328MM and equity of $11MM.

The actual equity is $1MM, as the $10MM in tax payer funding is debt not equity.

The problem loans this bank has is astounding.  They have $43MM in bad debt.

They have $10MM in equity and $55MM in problem loans?

This place is bankrupt.

Why haven’t they been shut down”

Net income was ($5MM) in FY10 and ($12MM) in FY09.

They lost another $4.7MM in Q2 2011.

This management team has wiped out virtually all the equity in this bank.

Do you have money in this bank?

The company doesn’t want to put there financial information on the website.

Gary you got Gall, the CEO , took tax payer money which he refuses to repay.

This guy should be wacked.

Gary Gall wiped out this place.


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2 Responses to “Citizens Bank of Northern California Nevada City California”

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