Columbia Bank of Florida Lake City Florida

Take a look a the new site

capital2risk.com

Check out Bruce Nalyor on the left he is the CEO

He is sitting on a Texas ratio of 100%

Bruce likes to finance vacant  land

This clown has 70 properties for sale

These idiots lost $8,641,000 in Q4 2011

These dopes have $35,000,000 in junk loans with $19,000,000 in equity they are bankrupt!

Bruce wiped out a 99 year old bank

Naylor? I don’t even know her

Columbia Bank of Florida Lake City Florida was founded in 1912.  For some reason, they are not on the problem bank list. I guess aTexas ratio of 100% won’t cut it in the sunshine state.  Believe me, this place has problems.

Assets are $224MM with equity of $21MM.

They have $28MM in problem loans, with $23MM on non accrual.

So, if you are insolvent, you can’t even get on the problem bank list.

Check out the website, they have probably 70 properties for sale.

Wow, this group likes to finance vacant land.

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