Diamond Bank Schaumburg Illinois

Don’t panic, there is nothing wrong with a little hazardous commercial real estate lending

By the time those  clowns at FDIC figure it out, then it is the time to panic

Diamond Bank, Schaumburg Illinois is on the problem bank list, for hazardous commercial real estate lending.  The Texas ratio is 55%.

Assets are $254MM with equity of $20MM.

There are $15MM in problem loans.

This bank has a serious problem.

Net income was ($7.5MM) in FY10, they lost another $1.5MM in Q1 2011.

They are not going to earn their way out of this mess.

Do you have money here.

This place is definitely not a diamond.


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