The Farmers Bank of Bulh Idaho

Mike Hanlton destroyed this 100 year old bank, with hazardous lending

The Famers Bank of Bulh Idaho was founded in 1917.  The company is on the problem bank list for hazardous commercial real estate lending.

Assets are $369MM with equity of $47MM.

The problem loan portfolio is $42MM.

That is pretty scary, $42MM in bad loans with $47MM in equity.

This place is technically insolvent.

The problem loans, could easily wipe out the rest of the equity.

Mike Hanlton is the CEO, this place survived the great depression, can it survive Mike Hanlton.

Got money in this place? You might be hanging with Mike Hanlton and his swine.


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