Patterson Bank Patterson Georgia

Are these you banksters, William Hughes wiped out a 100 year old bank

Patterson Bank, Patterson Georgia was founded in 1907.  They are on the problem bank list.  I guess with a Texas ratio of 238%, they are well qualified.

They are on the under capitalized bank list.  If there were an insolvent bank list, they would be on it also.

Assets are $151MM with equity of $6MM.

There are $29MM in problem loans.

With $29MM in problem loans and $6MM in equity, this bank is F$$??ing bankrupt.

Maybe this thing should be closed down.

Net income was ($2.6MM) in FY10 and ($1.6MM) in FY09.  They lost another $557k in Q1 2011.

This place will be wiped out in no time.

William Hughes is the CEO, he destroyed 100% of the capital in only 3 years, this guy is good.

The bank survived the Great Depression but it won’t survive William Hughes.

Do you have money in this bankrupt place?

William Hughes will take care of that for you.

This bank survived the great depression but it won’t survive William Hughes.


Tags: , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: