Take a look at the new site
This is Larry Roselle, he got this place on the problem bank list
his place is bankrupt, Sunrise how about sunset, how about putting this guy in jail
Sunrise Bank Cocoa Beach Florida was founded in 2005. Great timing. They are on the problem bank list. I guess when the Texas ratio is 240%, there might be a problem.
They are on the under capitalized bank list. If there were an insolvent bank list, they would be on there also.
Assets are $121MM with equity of $1MM.
The problem loan portfolio is $17.5MM.
Holy S$$$$?t, they have $17.5MM in bad loans and $1MM in equity, this place is bankrupt.
The question is not when, but how soon will they shut this disaster down.
Talk about a zombie bank.
Larry Rosselle ran this place into the ground in record time, he should be in jail.
This clown wiped out 467% of the equity in 3 years.
Do you have money in this disaster.
The sun is not rising on Larry Rosselle, he needs to be incarcerated.
Tags: debt ceiling, FDIC Bankrupt, insolvent, problem bank list, real estate
Capital2risk 
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