Southern Bank Popular Bluff Missouri

Gregg Steffins took $10MM of tax payer money that he won’t pay back

It’s O.K. he makes $251K for destroying the bank

Is Greg morally bankrupt?

Southern Bank Popular Bluff Missouri took $10MM in bailout funds which they have yet to repay.

The company has assets of $522MM and equity of $44MM.

The bank had net income of $4MM in FY10, $3MM in FY09 and $3MM  in FY08.

How come they, they haven’t paid back the tax payer funding?

At least Greg Steffins was paid $251k.


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