The Union Bank Marksville Louisiana

 

Do you have money in this place? This FDIC is bankrupt, then again so is the Union bank.

The only thing you will get when this place goes under is  confederate money

The Union Bank Marksville Louisiana was founded in 1910.   The Company is on the problem bank list.  Get this, the Texas ratio is 89%.

They have assets of $231MM with equity of $17MM.

The problem loan portfolio is $19MM.

Having $19MM in problem loans and $17MM in equity, is not good.

This place is technically insolvent.

This bank should probably be closed down.

Funny how this thing survived the great depression and could go bankrupt.

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