Santa Clara Valley Bank Santa Paula California

It didn’t take Michael Hause long to wipe this place out

Michael, reckless commercial real estate lending!

Maybe that is why you are the problem bank list

 

Santa Clara Valley Bank, Santa Paula California was founded in 1999.  The company is on the problem bank list for reckless commercial real estate lending.

Assets are $132MM and equity is $13MM.

The problem loan portfolio is $8MM.

Having $8MM in bad loans with only $13MM in equity is not a favorable situation.

I guess why they are on the problem bank list.

It looks like Michael Hause the CEO, is good at racking up bad commercial real estate loans.

Michael Hause just resigned, he should be in incarcerated.

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