Enterprise Bank of Florida North Palm Beach Florida

Take a look at the new site

capital2risk.com

This is Hugh Jacobs he runs this debacle

Why is Hugh going bald? He is sitting on $14,000,000 in junk loans

Enterprise Bank of Florida, North Palm Beach Florida was founded in 1991.  For some reason, they aren’t on the problem bank list. I guess a Texas ratio of 63%, won’t cut it in Florida these days.

This is Michael McAvoy, he makes all the sh$$t loans

Michael has about 12 chins, he ain’t missing an meals

Assets are $256MM, with equity of $28MM.

The company has $28MM in problem loans, with $11MM in non accrual construction loans.

Wait, they have $28MM in bad loans with only$28MM in equity?

Do you think  this place should at least be on the problem bank list?

This enterprise is bankrupt.

Timothy Terry, the CEO, did a great job of racking a ton of bad loans.

Do you have money in this disastrous Enterprise?

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