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.

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2 Responses to “The Bank of Commerce Sarasota Florida”

  1. My Homepage Says:

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