American Bank Nashwauch Minnesota

American Bank Nashwauch Minnesota was founded in 1920.  For some reason, the bank is not on the problem bank list.  Take a look, this place has serious problems, and is bankrupt.

Assets are $644 with equity of $49MM.

The problem loan portfolio, in relation to the equity situation is incredible.  They have $104MM in problem loans, with $52MM in non accrual.

With $104MM in problem loans and $49MM in equity, this bank is bankrupt.

This bank should be closed.

Why aren’t they on the problem bank list.

The website won’t tell you who the CEO is.

Whoever he is, this criminal wiped out a 91 year old financial institution.

Do you have money in this disaster?

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