Liberty Bank South San Francisco California

Which guy is Larry Woods?

Liberty Bank, South San Francisco California was founded in 1982.  The Texas ratio is 63%, for some reason, they are not on the problem bank list.

Assets are $220MM and $22MM in equity.

The problem loan portfolio is $26MM.

With $26MM in problem loans and $22MM in equity, this place should be on the problem bank list.

This bank is probably technically solvent.

Why isn’t this bank shut down?

Then again, why aren’t they on the problem bank list?

Do you think they have problems?

Larry Woods, the CEO, did a good job racking up high levels of bad loans and running this place into the ground.

Do you have you money in this disaster?

Give me liberty or give me Larry Woods.

Liberty means free in Latin, when the government shuts this place down, it won’t be free for the tax payer.

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