Oconee State Bank Watkinsville Georgia

                                                            This is B Amrey Harden, he likes to engage in hazardous commercial lending

B Amery, you bank is looking insolvent

Oconee State Bank Watkinsville Georgia was founded in 1960.  The company is on the problem bank list for incompetent commercial real estate lending.  That could be why the Texas ratio is 85%.

Assets are $274MM with equity of $22MM.

The problem loan portfolio is $26MM, with $16.8MM on non accrual.

Hold on, they $26MM in bad loans and $22MM in equity, this means they are insolvent.

Do you think this disaster should probably be closed down?

At least the executives are going to pay themselves well, to run this thing into the ground.

Jerry Wasey      made $159k

Tom Wilson       made $157k

That is good pay for destroying a 51 year bank .

Do you have money in this debacle?

Their motto is “count on us”. Count on you, judging from the problem loan portfolio, it is pretty obvious you guys can’t count.


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3 Responses to “Oconee State Bank Watkinsville Georgia”

  1. Dorsey Bichoff Says:

    thank you for all your efforts that you have put in this. Very interesting information. “If you tell the truth, you don’t have to remember anything.” by Mark Twain.

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