First Federal Savings Bank of Iowa Fort Dodge Iowa

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capital2risk.com

This is David Bradley sticking it into you, no lube

First Federal Savings Bank of Iowa Fort Dodge Iowa took $10MM in tax payer funded bailout money, which they haven’t repaid.

The company has $473MM in assets and $35MM in equity.

The actual equity is $25MM, as $10MM is actually tax payer funded debt.

The company has $11MM in problem loans.

Having $25MM in equity and $11MM in problem loans is not a good situation.

How are they going to pay back $10MM.

At least the executives are taken care of.

David Bradley            made $271k

Thomas Chalstrom  made $176k

Pretty good pay for Iowa.

Actually good pay for getting $10MM in tax payer funding and racking up $11MM in bad loans.

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One Response to “First Federal Savings Bank of Iowa Fort Dodge Iowa”

  1. capital2risk Says:

    This place has problems

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