The Bank of Commerce Sarasota Florida

Not a bad looking CEO

The Bank of Commerce Sarasota Florida was founded in 2000.  For some reason, they are not on the problem bank list.  It is competitive for these spots in Florida, a 158% Texas ratio just won’t cut it these days.

Assets are $284MM and equity is $13MM.

They have $23MM in problem loans with $10MM in non accrual construction loans, that’s not a problem?

With $23MM in bad loans and $15MM in equity, this place is technically insolvent.

For some reason the won’t post the financial statement on the website or tell who the management team is.

I might not know who the management team is, but I know one thing, they wiped out 93% of the equity in the last 3 years.

They bankrupted this place in record time.

Do you have money here? I wouldn’t be doing commerce with this place.

Advertisements

Tags: ,

2 Responses to “The Bank of Commerce Sarasota Florida”

  1. My Homepage Says:

    I as properly believe thence , perfectly pent post! . 123875

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: