BNC Bank Glendale Arizona

BNC Bank Glendale Arizona was founded in 2001.  The company is on the problem bank list.  The Texas ratio is 49%.

Assets are $681MM and equity is $58MM.

The problem loan portfolio is $32MM.

This place has issues.

If they had to write down the assets, it would probably be insolvent.

Not only can this crew make bad loans, they sure can lose money.

Net income is ($22MM) in FY10 and ($17MM) in FY09.

Gregory Cleveland is the CEO.

He was able to wipe out 29% of the equity in only 3 years.

The efficiency ratio is 134%, this place loses money just opening the doors.

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