Posts Tagged ‘deliquency’

First Cornerstone Bank King of Prussia Pennsylvania

March 20, 2012

Take a look at the new site

capital2risk.com

This is Robert Jara, this fat head bankrupted this place in record time

Robert runs the worst bank in Pennsylvainia

This dope is sitting on $25,000,000 in junk loans

Robert lost $6,000,000 in Q4 alone, this wiping out 50% of the equity in only 90 days

Robert got this place on the problem bank list for weakness in management , shocking

The Texas ratio is 176%

Robert should be in jail


This idiot is Lawrence Persick

This is dumb F$$ck that made $32,000,000 in bad loans

This bald head should be sitting in jail

This guy is the king of Prussia

With a Texas ratio of 178%, Robert Jara has serious debt and no equity

Robert Jara kicks it down with unsafe and unsound lending

First Cornerstone?

How much debt does this place have?  How about $32MM in bad loans

First Cornerstone Bank, King of Prussia Pennsylvania was founded in 2000.  The company is on the problem bank list for unsafe and unsound lending practices.  They were cited for weakness in management, asset quality, capital earnings and liquidity.  The Texas ratio is 176%.

Assets are $180MM with $13MM in equity.

The problem loan portfolio in relation to the asset base is incredible.  They have $32MM in problem loans.

Having $32MM in problem loans with only $13MM in equity equates to bankrupt.

Why isn’t this place closed down?

Robert Jara, the CEO, wasted no time in bankrupting this bank.

Do you have money in this thing.

Cornerstone, is the one thing they aren’t.

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Tennessee State Bank Pigeon Forge Tennessee

February 14, 2012

Take a look at the new site

capital2risk.com

Take a look at the new site capital2risk.com much faster

This is Todd Proffit, he is the clown in the middle

Todd got this disaster on the problem bank list

Todd has $67,000,000 in bad loans with only $57,000,000 in equity

Todd your bank is F$$ing bankrupt

Todd Prof$$tt that is a FU$$Kiing oxymoron

Todd is sitting on $73,000,000 in junk loans, that ain’t pigeon shit

The fat bald slob on the left is Scott Henry, even Dolly wouldn’t touch this guy

R Scott Henry, can you get a bigger fatter head than this

This Wayne Ayers he is on the board of this bankrupt disaster

It looks like a pigeon took s shit on his head

This bank is bankrupt and is on the problem bank list

 


Tennessee State Bank Pigeon Forge Tennessee was founded in 1972.  The place is sitting on the problem bank list.  These clowns really loaded up on the real estate.  The Texas ratio is 103%

Assets are $765MM with equity of $57MM.

$73,000,000 in Shit loans “banking at it’s best”

The problem loan portfolio is immense.  They have $73MM in bad loans with $61MM on non accrual.

Having $73MM in bad loans supported by $57MM in equity is a problem.

This place is insolvent and should be closed.

Take a look at the vacant land they have for sale, are you sitting down, they have about 100 vacant lots for sale. Who in their mind finances vacant land for spec. houses? Apparently, these dopes do.

This thing is a disaster, what is this place going to cost the tax payer?

Their motto is “banking at it’s best”, they want to change that to “banking at it’s worst”

You can’t make this up, the CEO is named Todd Proffitt, the only one making a profit is Todd. He did a prophetic at job running this place into the ground.

What is a Pigeon Forge?

This town is home to the Titanic Museum, Tennessee State Bank sunk faster than the Titanic did.

You are not going to believe this, it is also home to Dollywood.

She would get along well with the bimbo’s running this bank.

Her two assets are worth more than those 100 vacant lots combined.

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Lee P. Lewis at (865)908-5759.
** To view a home or property, click on the address link **
Address Description Amount
117/119 Hardin Lane
Sevierville, TN
  • Duplex containing 1 bed/1 bath 700 sq. ft. unit and 3 bed/1 bath 1,450 sq. ft. unit
  • Situated on two parcels containing total of 0.5744 +/- acres
  • Currently listed with Karen Whitlock of Karen Whitlock Realty
$172,500
803 Willow Wood Circle
Sevierville, TN
  • 3 bedroom/3 bath house with 2,455 sq. ft.
  • 1.5 story situated on Lot 4 Willow Creek, 5.05 +/- acres
  • Currently listed with Terri Williams of Remax Realty
$374,900
Lots 46R and 47R, Timber Woods Lot 46R Timber Woods

  • Vacant unimproved lot containing 1.60 +/- acres
$49,900
Lot 47R Timber Woods

  • Vacant unimproved lot containing 1.03 +/- acres
$39,900
Lot 15, Country Manor Estates
  • Vacant unimproved lot 15 Country Manor Estates containing 0.39 +/- acres
$37,500
Lot 20, Saddleback Ridge
Sevierville, TN
  • All public utilities
  • 0.31 +/- acres
  • Zoned R-2 Medium Density Residential
  • Property listed with Ginger Riggs of Thompson Carr
$39,900
Lots 1-4 and 6-9
Spoon Hollow Estates
Rutledge, TN
To be sold as two mini farms
  • 51.59 +/- acres in Grainger County
  • 2 small ponds located on tracts 1 and 2
  • Private well and septic
  • Directions: From I-40 take exit 417 to TN-92 toward Jefferson City/Dandridge. Turn left toward Jefferson City. Follow TN-92 until it meets TN-375. Turn right at TN-375. Turn left at Spoon Hollow Road.
  • Property listed with Mike Newman of Home & Garden Real Estate
Price ReductionLots 1-4
Spoon Hollow
$91,900Lots 6-9
Spoon Hollow
$119,000
2127 Luzerne Drive
Gatlinburg, TN
  • 3 Bedrooms
  • 2.5 Baths
  • 1,980 sq. ft.
  • Situated on 0.48 +/- acres
  • Property listed with Karen Whitlock RealtyProperty listed with Karen Whitlock Realty
Price Reduction$214,900
Lot #2, Leconte Landing
Sevierville, TN
  • Private septic
  • City Water
  • 0.75 +/- acres
  • Property listed with Terri Williams of Remax Realty
$49,900
Lot 51, 52 & 53
Vickwood Hills
Pigeon Forge, TN
  • City utilities
  • 1.60 +/- acres
  • Zoned R-2 Low Density Residential
  • Property listed with Terri Williams of Remax Realty
$74,900
Lots 99 & 100
Foothills Estate
Seymour, TN
  • Lot 99 – 1.0 +/- acres
  • Lot 100 – 1.28 +/- acres
$25,000
(for both lots)(Offers will be considered on each lot separately as well)
3056 Hatcher Mountain Road
Sevierville, TN
  • Two-story Home
  • 3,330 sq. ft.
  • 4 Bedrooms
  • 4.5 Baths
  • Situated on 0.70 +/- acres
  • Private well/septic
  • Property listed with Terri Williams of Remax Realty
Price Reduction$294,900
Lots 4 and 5 of Thunder Mtn.
Sevierville, TN
  • Lot 4 consists of 0.63 +/- acres
  • Property listed with Terri Williams of Remax Realty
  • Lot 5 consists of 0.67 +/- acres
  • Property listed with Terri Williams of Remax Realty
$50,000
(Lot 4)$75,000
(Lot 5)
Lots 53, 60, 64 of Regency Park
Sevierville, TN
  • Lot 53 consists of 0.78 +/- acres
  • Property listed with Terri Williams of Remax Realty
  • Lot 60 consists of 1.0 +/- acres
  • Property listed with Terri Williams of Remax Realty
  • Lot 64 consists of 0.91 +/- acres
  • Property listed with Terri Williams of Remax Realty
$70,000
(Lot 53)$55,000
(Lot 60)$55,000
(Lot 64)
Lot 23 Serenity Cove North
Mountain Dreams Way
Sevierville, TN
  • 1.20 +/- acres
  • Private Well & Septic
  • Underground utilities
  • Currently listed with Chris Gonzalez of Pristine Realty
$69,900
Lot 1 of Thunder Mountain Subdivision
Red Sky Drive
Sevierville, TN
  • 1.15 +/- acres
  • City Water & Sewer
  • Property listed with Terri Williams of Remax Realty
$109,900
Lot 3 of Leconte Landing
Alum Cave Cove Road
Sevierville, TN
  • 0.83 +/- acres
  • City Water
  • Private Septic
  • Underground Utilities
  • Property listed with Terri Williams of Remax Realty
$45,900
Lots 49-52 Smoky Cove Phase II and Lots 102-104 Phase III
  • Property listed with Thomas King of Brackfield & Associates
$245,160
49.025 acres situated along Goose Gap Road
Sevierville, TN
  • Property listed with Thomas King of Brackfield & Associates
$655,000
Lot 8R-2 of the Hatcher Farm off Hatcher Mountain Road
Sevierville, TN
  • 0.83 +/- acres
  • Property listed with Terri Williams of Remax Realty
$39,900
Lot 8R-3 of the Hatcher Farm off Hatcher Mountain Road
Sevierville, TN
  • 1.18 +/- acres
  • Property listed with Terri Williams of Remax Realty
$32,000
Lot 3 Tinker Hollow Road
Memory Mountain Retreat
&Lot 4 Tinker Hollow Road
Memory Mountain Retreat
  • 0.23 +/- acres
  • Property listed with Terri Williams of Remax Realty
  • 0.49 +/- acres
  • Property listed with Terri Williams of Remax Realty
$32,000
Lot 97 Rippling Waters Circle
Cool Springs Subdivision
Sevierville, TN
  • 0.45 +/- acres
  • Property listed with Michele Karl of Priority Real Estate
$49,900
1039 Boyds Creek Highway
Seymour, TN
  • 5,000 sq. ft. office building situated on 1.21 +/- acres
$474,900
116 John L Marshall Drive
Sevierville, TN
  • 6 Bedrooms
  • 2 1/2 Baths
  • 3,558 sq. ft. living area with 1,460 sq. ft. basement situated on 0.80 +/- acres
  • Property listed with Karen Whitlock Realty
Price Reduction$304,900
Lots 28 of Thunder Mountain Subdivision
Sevierville, TN
  • Lot 28 – 1.04 +/- acres
  • Property listed with Terri Williams of Remax Realty
$109,900
1038 Leslie Way
Sevierville, TN
  • 3 Bedrooms
  • 3 Baths
  • 2,081 sq. ft. situated on 0.69 +/- acres
  • Property listed with Karen Whitlock Realty
Price Reduction$264,900
River Crossing Condos
1410 Hurley Drive
Sevierville, TN
  • Consists of a six story 30 unit condominium building
  • Situated on a 2.160 +/- acres site
  • One, two & three bedroom units
  • Property listed with Barry Slade of KW Commercial
  • Individual Unit Pricing As Follows:
For pricing on property as a whole, contact Lee Lewis at (865) 908-5759.
  • First Floor Units:
    • Unit 101
      • 3 Bedrooms/2 Baths; 1,548 sq. ft.
$205,900
    • Unit 102
      • 2 Bedrooms/2 Baths; 1,148 sq. ft.
$159,900
    • Unit 103
      • 2 Bedrooms/2 Baths; 1,148 sq. ft.
$159,900
    • Unit 104
      • 1 Bedroom/1 Bath; 861 sq. ft.
$121,900
    • Unit 105
      • 2 Bedrooms/2 Baths; 1,148 sq. ft.
$163,900
  • Second Floor Units:
    • Unit 201
      • 3 Bedrooms/2 Baths; 1,548 sq. ft.
$199,900
    • Unit 202
      • 2 Bedrooms/2 Baths; 1,148 sq. ft.
$157,900
    • Unit 203
      • 2 Bedrooms/2 Baths; 1,148 sq. ft.
$157,900
    • Unit 204
      • 1 Bedroom/1 Bath; 861 sq. ft.
$119,900
    • Unit 205
      • 3 Bedrooms/2 Baths; 1,390 sq. ft.
$184,900
  • Third Floor Units:
    • Unit 301
      • 3 Bedrooms/2 Baths; 1,148 sq. ft.
$199,900
    • Unit 302
      • 2 Bedrooms/2 Baths; 1,148 sq. ft.
$157,900
    • Unit 303
      • 2 Bedrooms/2 Baths; 1,148 sq. ft.
$157,900
    • Unit 304
      • 1 Bedroom/1 Bath; 861 sq. ft.
$119,900
    • Unit 305
      • 3 Bedrooms/2 Baths; 1,390 sq. ft.
$184,900
  • Fourth Floor Units:
    • Unit 401
      • 3 Bedrooms/2 Baths; 1,548 sq. ft.
$202,900
    • Unit 402
      • 2 Bedrooms/2 Baths; 1,148 sq. ft.
$159,900
    • Unit 403
      • 2 Bedrooms/2 Baths; 1,148 sq. ft.
$159,900
    • Unit 404
      • 1 Bedroom/1 Bath; 861 sq. ft.
$121,900
    • Unit 405
      • 3 Bedrooms/2 Baths; 1,390 sq. ft.
$185,900
  • Fifth Floor Units
    • Unit 501
      • 3 Bedrooms/2 Baths; 1,548 sq. ft.
$205,900
    • Unit 502
      • 2 Bedrooms/2 Baths; 1,148 sq. ft.
$163,900
    • Unit 503
      • 2 Bedrooms/2 Baths; 1,148 sq. ft.
$163,900
    • Unit 504
      • 1 Bedroom/1 Bath; 861 sq. ft.
$125,900
    • Unit 505
      • 3 Bedrooms/2 Baths; 1,390 sq. ft.
$191,900
  • Sixth Floor Units:
    • Unit 601
      • 3 Bedrooms/2 Baths; 1,548 sq. ft.
$209,900
    • Unit 602
      • 2 Bedrooms/2 Baths; 1,148 sq. ft.
$169,900
    • Unit 603
      • 2 Bedrooms/2 Baths; 1,148 sq. ft.
$169,900
    • Unit 604
      • 1 Bedroom/1 Bath; 861 sq. ft.
$129,900
    • Unit 605
      • 3 Bedrooms/2 Baths; 1,390 sq. ft.
$194,900
Vacant Residential Land
Greenwood Road
Chattanooga, TN
  • 55.92 +/- acres of raw, unimproved land
  • Property listed with Paul Foster of Keller Williams Realty
$249,900
The Villas at Saddleback
224 Maggie Mack Lane
Sevierville, TN
  • Consists of a 4 story, 12 unit condominium building
  • Situated on a 1.45 +/- acres site
  • Two and three bedroom units
  • Property listed with Karen Whitlock Realty
  • Individual Unit Information & Pricing:
For pricing on property as a whole, contact Lee Lewis at (865) 908-5759.
  • First Floor Units:
    • Unit 101
      • 3 Bedrooms/2 Baths; 1,861 sq. ft.
$319,900
    • Unit 102
      • 2 Bedrooms/2 Baths; 1,540 sq. ft.
$279,900
    • Unit 103
      • 2 Bedrooms/2 Baths; 1,540 sq. ft.
$279,900
    • Unit 104
      • 3 Bedrooms/2 Baths; 1, 861 sq. ft.
$319,900
  • Second Floor Units:
    • Unit 201
      • 3 Bedrooms/2 Baths; 1,861 sq. ft.
$324,900
    • Unit 202
      • 2 Bedrooms/2 Baths; 1,540 sq. ft.
$284,900
    • Unit 203
      • 2 Bedrooms/2 Baths; 1,540 sq. ft.
$284,900
    • Unit 204
      • 3 Bedrooms/2 Baths; 1,861 sq. ft.
$324,900
  • Third Floor Units:
    • Unit 301
      • 3 Bedrooms/2 Baths; 1,861 sq. ft.
$329,900
    • Unit 302
      • 2 Bedrooms/2 Baths; 1,540 sq. ft.
$289,900
    • Unit 303
      • 2 Bedrooms/2 Baths; 1,540 sq. ft.
$289,900
    • Unit 304
      • 3 Bedrooms/2 Baths; 1,861 sq. ft.
$329,900
Lot 24 Ally Lane
Ridgewood Estates
Sevierville, TN
  • 0.35 +/- acres
  • Property listed with Terri Williams of Remax
$44,900
4.67 acres on Indian Gap Road
Sevierville, TN
  • Unimproved Acreage
$29,900
Lots in the Settlement in Gatlinburg, TN
  • 236 Stone Fence Lane (lot 28) & 240 Stone Fence Lane (lot 29) improved with 6 Bedroom, 6 Bath, 4,215 sq. ft. cabins; amenities include fireplace, theater, wet bar and sprinkler system.
  • Lots 5, 19-26, 32-38, & 40 are vacant lots
  • Property is listed with Mark Wolfe of Smoky Mountain Real Estate
$649,000
Upper Home$649,000
Lower Home$69,000 each
for Lots 5 & Lots 32-27$89,000 each for Lots 19-26, 38 & 40
Lot 36 Serenity Cove
Morning Dove Way
Sevierville, TN
  • 1.18 +/- acres
  • Property is listed with Chris Gonzalez of Pristine Realty
$69,900
11642 Chapman Hwy
Seymour, TN
  • 2 Tracts Totaling 4.93 +/- acres zoned C-2
  • Approximately 350 feet of road frontage on Chapman Hwy
  • Improved with house/office building fronting Chapman Hwy
$565,000
1723 Bluff Mountain Rd
Sevierville, TN
    • 3,200 sq ft Retail/Office building situated on 1.34 +/- acres in Wears Valley
    • Includes two (2) 800 sq ft metal storage units
    • Please call Kim Goode for information
    • Lease Hold Agreement until February 2033
$199,900
Lot 199 Tsali Drive,
Sky Harbor Subdivision
Sevierville, TN
  • 0.48+/- acres wooded lot
  • Zone A-1
  • Please contact Lee Lewis at Tennessee State Bank at 865-908-5759 for more information
$19,900
Lot 16 Eagle Mountain Estates Newport, TN
  • Unimproved, 1.06 +/- acres, rolling wooded
  • City Water
  • Private Septic
  • Property listed with Tammy Bryant of Realty Pros
$17,000
Lot 23 Eagle Mountain Estates
Newport, TN
  • Unimproved, 2.15 +/- acres, rolling wooded
  • City Water
  • Private Septic
  • Property listed with Tammy Bryant of Realty Pros
$20,000
109 Greenwood Way
Newport, TN
  • 3 Bedrooms, 2 Baths
  • 1,800 sq. ft. living area
  • Wrap around deck
  • Fireplace
  • Situated on 1.02 acres +/-
  • Property listed with Tammy Bryant of Realty Pros
$192,900
Lot 14 Zurich Road, Lot 14 Tyrolea Section 4
Gatlinburg, TN
  • Unimproved, 0.32 +/- acres, wooded
  • Zoned R-1
  • All public utilities available
  • Property listed with Ginger Riggs of Thompson-Carr
$35,000
Lots 2-3, 6-9 Backwoods Way
Gatlinburg, TN
  • Lot 2, 1.84 +/- acres
  • Lot 3, 2.08 +/- acres
  • Lot 6, 1.15 +/- acres
  • Lot 7, 1.16 +/- acres
  • Lot 8, 1.56 +/- acres
  • Lot 9, 1.58 +/- acres
$31,500
$35,500
$31,500
$35,500
$35,500
$35,500
1829 Bertie Street
Sevierville, TN
  • 1,850 sq. ft. office building
  • All public utilities are available
  • Currently listed with Thomas King with Brackfield and Associates
Price Reduction$204,900
Lot 5 of the Haskell LaFollette Estate Phase II
Red Bud Lane
Sevierville, TN
  • Unimproved 25.50 +/- acres
  • Currently listed with Karen Whitlock of Karen Whitlock Realty
Price Reduction$184,900
Lot 6, Maggie Mack Lane
Saddle Back Ridge
Sevierville, TN
  • Unimproved 0.11 +/- acres
$40,000
Lochmere
Development Phase VI
16 Unimproved Lots
Morristown, TN
  • Lot 3 – 10, 0.17 +/- acres each
$39,900 each
(Lots 3-10)
  • Cul-De-Sac Lots 23 -24, 29 – 32, 39 – 40:
    • Lot 23, 0.23 +/- acres
    • Lot 24, 0.26 +/- acres
    • Lot 29, 0.17 +/- acres
    • Lot 30, 0.21 +/- acres
    • Lot 31, 0.19 +/- acres
    • Lot 32, 0.19 +/- acres
    • Lot 39, 0.23 +/- acres
    • Lot 40, 0.18 +/- acres
  • Property listed with Chad Long of The Home Team Real Estate
$43,900 each
(Lots 23-24, 29-32, 39-40)
Lot 18, Pinnacle Drive
Gatlinburg, TN
  • Unimproved Lot, 0.27 +/- acres
  • Zoned C-4
  • Currently listed with Karen Whitlock of Karen Whitlock Realty
$70,000
Lot 23, Pinnacle Drive
Gatlinburg, TN
  • Unimproved Lot, 1.02 +/- acres
  • Zoned R-2
  • Property listed with Ginger Riggs of Thompson-Carr Real Estate
$49,900
Lot 9, Trace Two Hundred Section 1
Sevierville, TN
  • Unimproved Lot, 1.73 +/- acres
$40,000
Lot 28 Fox Vista Phase II
Sevierville, TN
  • Unimproved Lot 0.59 +/- acres
  • Lake view
  • Currently listed with Michele Karl of Priority Real Estate
$55,000
1656 Cardinal Drive
Gatlinburg, TN
  • 3 Bedroom/3 Bath
  • 3,412 sq. ft. house
  • 528 sq. ft. garage/storage
  • Situated on Lot 7, Hidden Hills Section D which contains 0.58+/- acres
  • Utilizes city water, gas, & private septic
  • Currently listed with Terri Williams of Remax Realty
$299,900
Lots 41, 56, & 63 Burning Oaks Subdivision
Sevierville, TN
  • Vacant, unimproved lots 41, 56, & 63 of Burning Oaks Phase 2.
  • Acreage is as follows:
    • Lot 41: 0.86 +/- acres
    • Lot 56: 0.73 +/- acres
    • Lot 63: 2.51 +/- acres
  • Currently listed with Tracy Manning of Exit Realty
Lot 41
$27,500Lot 56
$27, 500Lot 63
$25,500
Lot 5 Serenity Cove,
Mountain Dreams Way
Sevierville, TN
  • Vacant, unimproved Lot 5, Serenity Cove North Phase IV
  • 0.75 +/- acres
  • Currently listed with Chris Gonzalez of Pristine Realty
$72,500
Lot 101 Eagle Crest,
McInturff Way
Sevierville, TN
  • Vacant, unimproved Lot 101, Eagle Crest Subdivision Phase 2
  • 0.4285 +/- acres
  • Development is serviced by community water and sewer disposal system
$35,000
20.77 Acres
Louisville, TN
  • 32 Lot Development partially complete
  • Currently listed with Barry Slade of KW Commercial
$1,995,000
1109 Greenbriar Village
  • 3 Bedroom/3 1/2 Bath
  • 2,496 sq. ft., 1.5 story cabin
  • Situated on Lot 2 of Greenbriar Village containing 0.14 +/- acres
  • Currently listed with Kathryn Lovell
$299,900 furnished
Lots 3, 15, 16, 22
Greenbriar Village
  • Vacant, unimproved lots
  • Acreage is as follows:
    • Lot 3 – 0.14 +/- acres
    • Lot 15 – 0.12 +/- acres
    • Lot 16 – 0.14 +/- acres
    • Lot 22 – 0.08 +/- acres
  • Currently listed with Ginger Riggs of Thompson and Carr
$45,000 each
6.22 acreage in Dandridge
Dalsland Way off Fain Cemetary Rd
  • 6.22 +/- acres
  • Offers views and ready access to Douglas Lake
  • Terrain is rolling to sloping with the surrounding property wooded or pasture
  • Currently listed with Chad Long of Home Team Real Estate
Price Reduction$93,500
Lot 10 Bear Paw Development
  • Unimproved lot 10 Bear Paw Development containing 2.66 +/- acres
$32,500
Lot 177 of Majestic Meadows Phase IV
  • Lot contains 1.09 +/- acres
  • Public electric, water & gas
  • Private septic
$40,000
Lot 23 Robertson Farm
Somerset Downs
  • Vacant, unimproved 1.69 +/- acres
  • Public electric
  • Currently listed with Ginger Riggs of Thompson and Carr
$36,000
6825 – 6855 Barger Pond Way
Knoxville, TN
  • 16.25 acre +/- parcel
  • Improvements include mini-warehouse/warehouses as follows:
    • 2 Buildings with 112 mini-warehouse units and site office; 1 Building is climate-controlled mini-storage and 1 Building is standard mini-storage; 2 Buildings totaling 26,500 sq. ft. office/warehouse
$3,750,000
10218 Thorngrove Pike
Knoxville, TN
  • Vacant, unimproved 99.58 +/- acres
  • Currently listed with Barry Slade of KW Commercial
$499,900
9804 Will Merritt Road
Strawberry Plains, TN
  • 1,538 sq. ft. house with 280 sq. ft. garage
  • Situated on 44.198 +/- acres
  • Currently listed with Barry Slade of KW Commercial
$353,520
951 Smith School Road
Strawberry Plains, TN
  • 4 Bed/4.5 Bath, 3,526 sq. ft. house (main level)
  • 1,080 sq. ft. finished basement
  • 576 sq. ft. garage with 1 bath
  • Situated on 206.49 +/- acres
  • Currently listed with Barry Slade of KW Commercial
Call Lee Lewis at (865) 908-5759 for pricing
Lots in Gold Leaf Estates
Sevierville, TN
  • Lot 7 Phase 1, 4.11 +/- acres
  • Currently listed with Jeff Shoenfield of Remax All Pro Realtors
$70,000
  • Lot 17 Phase 1, 1.09 +/- acres
$40,000
  • Lot 18 Phase 1, 1.04 +/- acres
$40,000
  • Lot 19 Phase 1, 0.69 +/- acres
$40,000
  • Lot 20 Phase 2, 3.2 +/- acres
$40,000
  • Lot 21 Phase 2, 2.25 +/- acres
$80,000
  • Lot 22 Phase 2, 1.95 +/- acres
$55,000
  • Lot 24 Phase 2, 1.85 +/- acres
$52,000
  • Lot 25 Phase 2, 1.27 +/- acres
$48,000
  • Lot 26 Phase 2, 2.34 +/- acres
$57,000
  • Lot 28 Phase 2, 2.61 +/- acres
$40,000
  • Lot 29 Phase 2, 1.94 +/- acres
$40,000
  • Lot 30 Phase 2, 1.76 +/- acres
$40,000
  • Lot 31 Phase 2, 1.9 +/- acres
$40,000
  • Lot 32 Phase 2, 2.96 +/- acres
$57,000
  • Lot 33 Phase 3, 0.93 +/- acres
$57,000
  • Lot 35 Phase 3, 2.55 +/- acres
$50,000
  • Lot 36 Phase 3, 2.32 +/- acres
$57,000
  • Lot 37 Phase 3, 3.38 +/- acres
$60,000
  • Lot 38 Phase 3, 2.44 +/- acres
$60,000
  • Lot 39 Phase 3, 2.26 +/- acres
$50,000
  • Lot 40 Phase 3, 3.46 +/- acres
$57,000
  • Lot 41 Phase 3, 2.45 +/- acres
$60,000
  • Lot 42 Phase 3, 2.91 +/- acres
$60,000
  • Lot 43 Phase 3, 3.72 +/- acres
$63,000
  • Lot 44 Phase 3, 5.25 +/- acres
$63,000
  • Lot 45 Phase 3, 3.71 +/- acres
$57,000
  • Lot 46 Phase 3, 2.15 +/- acres
$100,000
  • Lot 47 Phase 3, 2.23 +/- acres
$120,000
  • Lot 48 Phase 3, 3.08 +/- acres
$110,000
  • Lot 49 Phase 3, 2.56 +/- acres
$105,000
  • Lot 50 Phase 3, 1.72 +/- acres
$70,000
  • Lot 51 Phase 3, 0.95 +/- acres
$60,000
  • Lot 53 Phase 3, 1.19 +/- acres
$95,000
  • Lot 54 Phase 3, 0.08 +/- acres
$70,000
Havana Dreams Cafe
449 Parkway
Gatlinburg, TN
  • “L” shaped with 0.14 acre +/- tract with 109.77′ of Parkway frontage and 94.90′ frontage on the west prong of the Little Pigeon River.
  • Previously a Ruby Tuesdays for a restaurant facility; 5,652 sq. ft. on 1st floor and 4,891 sq. ft. on 2nd floor for a total of 10,282 sq. ft.
  • Currently listed with Terri Williams of Remax Realty

$699,000
(fee simple)
OR

$75,000/yr triple net

Vacant lots, Willow Creek Subdivision
  • 12 vacant lots 5 – 7, 9 & 10, 13 – 19 in Willow Creek Subdivision:
  • Currently listed with Jeff Shoenfield of Remax All Pro Realtors
  • Lot 5 – 5.43 +/- acres

$68,000

  • Lot 6 – 1.53 +/- acres

$20,900

  • Lot 7 – 1.48 +/- acres

$20,300

  • Lot 9 – 1.58 +/- acres

$21,500

  • Lot 10 – 1.75 +/- acres

$24,000

  • Lot 13 – 1.41 +/- acres

$19,500

  • Lot 14 – 5.01 +/- acres

$65,000

  • Lot 15 – 5.02 +/- acres

$65,000

  • Lot 16 – 5.02 +/- acres

$65,000

  • Lot 17 – 5.17 +/- acres

$67,000

  • Lot 18 – 5.32 +/- acres

$67,000

  • Lot 19 – 5.60 +/- acres

$70,000

Lots 11 & 12, Clayton Estates
Sevierville, TN
  • Vacant, unimproved lots containing 0.86 +/- acres and 0.69 +/- acres

 $23,500
(for the pair)

Lot 33, Serenity Cove
Sevierville, TN
  • Vacant, unimproved
  • Serenity Cove North Phase IV containing 1.42 +/- acres
$55,000
3272 Lost Branch Road
Sevierville, TN
  • 4 bed/2 bath, 1,800 sq. ft., 2 story cabin
  • Two (2) – 1 bed/1 bath, 900 sq. ft. cabins
  • 7.35 +/- acres
  • Currently listed with Karen Whitlock of Karen Whitlock Realty
$265,000
2341 Adair Avenue
Knoxville, TN
  • Main level – 960 sq. ft., 1 bed/2 baths
  • Second level – 415 sq. ft., 2 beds
  • Situated on 0.298 +/- acres
  • Currently listed with David Bradley of Remax
$59,900
2700 Copeland Street
Knoxville, TN
  • 3 bed/1 bath, 1,191 sq. ft.
  • Situated on 0.19 +/- acres
  • Currently listed with David Bradley of Remax
$51,500
920 Wears Valley Road
Sevierville, TN
  • 3 bedrooms/2 full baths & 2 half baths
  • 2,503 sq. ft. house
  • Situated on lot 27 Twin Bridges No. 2 which contains 0.47 +/- acres
  • Utilizes city water & sewer
  • Currently listed with Michele Karl of Priority Real Estate
$119,900
Lot 3 Youssefi Property
Walland, TN
  • Vacant lot that is 0.84 +/- acres with access to public electric and water
  • Lot is zoned R-1 Residential
$39,900
Lots 50 & 89 of the 8th District & 5th Section of Haralson County and Tallapoosa, GA
  • 103.03 +/- acres
  • Vacant land
  • Currently listed with G7RE, LLC in Atlanta
$890,000
1915 Alamo Trail
Dandridge, TN
  • 3 bed/3.5 bath
  • 1.5 story, 2,568 sq. ft. house with 1 BA 696 sq. ft. basement
  • Situated on lot 14R Rugged Range containing 2 +/- acres
$549,000
Lot 7 Sawyers Green
  • Lot 7 of Sawyers Green Phase I
  • Vacant lot with 1.56 +/- acres
$69,000
Sleep Inn
Sevierville, TN
  • 1.69 +/- acres improved with Sleep Inn which has 70 rooms totaling 32,716 sq. ft.
  • Currently listed with Barry Slade of KW Commercial
$2,450,000
Quality Inn
7471 Crosswood Blvd
Knoxville, TN
  • 25,615 sq. ft., 54-room motel situated on lot 8R revision of lot 8 East View containing 1.76 +/- acres
  • Currently listed with Barry Slade of KW Commercial
$1,750,000
3.12 acres in Gatlinburg
Wiley Oakley Drive (Elkington Place)
  • Vacant, unimproved land
$225,000
4.06 acres in Gatlinburg
504 Cherokee Orchard Road
  • Vacant, unimproved land
$1,350,000
28.38 acres in Jones Cove
  • Unimproved tracts 18 & 19 of survey for Fred & Mary Webb containing total of 28.38 +/- acres
$62,500
213 N. Riverview Circle
Sevierville, TN
  • 3 Bed/2 Bath, 1,386 sq. ft. home with 1,386 sq. ft. finished basement situated on lot 86 of Marshall Woods II containing 0.43 +/- acres
$169,900
Lot 85 of Marshall Woods II
  • Vacant, unimproved lot 85 Marshall Woods II containing 0.60 +/- acres
  • Lot is adjacent to 213 N. Riverview Circle
$30,000
Lot 34, The Tradition
  • Unimproved, lot 34 of The Tradition
  • Vacant lot containing 1.35 +/- acres
$57,500
Lot 37, Serenity Cove
  • Unimproved, lot 37 Serenity Cove
  • Vacant lot containing 1.01 +/- acres
$54,900
2225 Maples Drive
Sevierville, TN
  • 3 Bedroom/2.5 Bath
  • • 1,800 sq. ft. home situated on 0.38 +/- acres
$189, 900
4229 E. Parkway
Gatlinburg, TN
  • Lot 181 Outdoor Resorts at Gatlinburg
  • Containing 0.5 +/- acres improved with a 1999 Woodland Park 40′ Trailer.
$32,500
524 Doyle Court
Sevierville, TN
  • 5 Beds/4.5 Baths, 2-story house
  • 4,748 sq. ft. house with 2,702 sq. ft. finished basement
  • Situated on lot 22 of Winswept containing 0.70 +/- acres
$685,000
Lots 3, 7, 14, 17 and 23 Blue Springs Way
Sevierville, TN
  • Lot 3 – 0.53 +/- acres
  • Lot 7 – 0.69 +/- acres
  • Lot 14 – 0.62 +/- acres
  • Lot 17 – 0.86 +/- acres
  • Lot 23 – 0.96 +/- acres
Each lot to be sold separately
Lot 3 – $17,900
Lot 7 – $17,900
Lot 14 – $24,900
Lot 17 – $17,900
Lot 23 – $21,500
6.82 Acres Autumn Ridge Estates
Sevierville, TN
  • 6.82 +/- acres situated on Autumn Ridge Way
Coming Soon
Lot 2 Smoky Mountain Retreat
Sevierville, TN
  • Lot 2 Smoky Mountain Retreat containing 0.70 +/- acres
Coming Soon
Lots 19, 21, 24 and 25 Autumn Ridge Estates
Sevierville, TN
  • Lots 19, 21, 24 and 25 situated in phase 3 in Autumn Ridge Estates
Each lot to be sold separatelyComing Soon
901 Johns Branch Road
Gatlinburg, TN
  • 0.83 +/- acres improved with older mobile home
$22,500
911 Johns Branch Road
Gatlinburg, TN
  • 0.38 +/- acres improved with 13.5′ x 56′ manufactured home
$13,500
209 Gray Slate Circle
Sevierville, TN
  • 3 Bed/2 bath house on lot 286 of Rock Gardens
$84,900
Lot 23 Mountain Grove
Seymour, TN
  • Lot containing 0.91 +/- acres
$24,900
Tennessee State Bank • 2210 Parkway, P.O. Box 1260 • Pigeon Forge, TN 37868
All Locations: (865) 453-0873 • Telephone Banking: (865) 908-BANK (2265)
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Jasper Banking Company Jasper Georgia

February 9, 2012

Check out the new site

capital2risk.com

This is Paul Neely, he wiped out this bank

This is Paul Neely he wiped out 82% of the equity in only 3 years

Paul is about to bankrupt a 66 year old bank

Paul is sitting on $47,000,000 in bad loans

Is this dope watching your money?

This is Marvin Chance, the CFO, he was instrumental in destroying this bank.

Would you take a chance with risking your money, with Marvin?

Check out his fat head, do you think this  bankster is going hungry? FAT CHANCE

Here is the board of directors, these clowns approved all this ignorance

Jasper Banking Company Jasper Georgia was founded in 1945. For some reason, this abortion is not on the problem bank list.  One would think with a Texas ratio of 303%, they should be well qualified.

Fortunately, they were able to qualify for the under capitalized bank list. Not hard to do when you have no equity.  They would definitely be approved for the insolvent  bank list.

The assets are $255MM with equity of $11MM.

The problem loan portfolio is $47MM, with $30MM on non accrual.

Do you think this thing is bankrupt?

They lost another $1.4MM in Q2.

The CEO Paul Neely, was instrumental in wiping out 82% of the shareholders equity in the  last 3 years, let alone bankrupting a 66 year old financial institution.

You might want to take your money out of this impending implosion.

Regal Bank Owings Mills Maryland

December 29, 2011

Take a look at the new site

capital2risk.com

This is G. Bradley Sanner, President of Regal Bank

G. Bradley recently got his bank on the problem bank list, for unsafe and unsound lending as well as violations of law

That doesn’t sound to Regal, G. Bradley

Regal means king in Latin, a fitting name, G. Bradley is “the King” at destroying a bank.

The Texas ratio is 91%, making it one of the worst banks in the state.

Do you have money with G. Bradley? You might want to find a more Regal Bank, or at least a less bankrupt bank.

Why is G. Bradley smiling, because he gets paid good money to run a 64 year bank into the ground.

Check out all those books behind his head, I guess that is supposed to make him look smart. G. Bradley forgot to read Banking 101

Regal Bank Owings Mills, Maryland was founded in 1947.  The company recently became a member of the problem bank list.  They were citied for unsafe and unsound lending practices as well as violations of law.  Maybe that is why the Texas ratio is 91%, giving it the distinction of being one of the worst banks in the state.

Assets are $182MM with equity of $13MM.

This Regal place has $12MM in problem loans.

Hold on G. Bradley, you have $12MM in bad loans and only $13MM in equity.  You might want to wipe that grin off your face, you have serious problems.

G. Bradley lost $2.5MM in Q3 FY011 alone, wiping out 15% of the remaining equity in only 90 days.

Do you have money in this Regal institution?

Take a look at the press release, they haven’t posted their financial statements since FY06? Do you think G. Bradley is trying to hide something? Maybe that is why he is smiling!

Community First Bank and Trust Columbia Tennesse

December 22, 2011

Take a look at the new site

capital2risk.com

Do you have money in this disaster, it is one of the worst banks in the state

This is Marc Lively he took $17,000,000 in tax payer money which he can’t pay back

Marc makes $298,000 a year, not bad

This A$$ made $151,000,000 in bad loans

Marc lost $10,000,000 in the last 2 years, good thing he has time to play golf on the tax payers money!

That clown next to him is Michael Saporito, he makes $167,000 a year to play golf and make bad loans

These dopes lost another $7,000,000 in Q3 2011, Marc wiped out another 10% of the remaining equity in only 90 days

Might as well play golf, you might lose less money

These rednecks made $151,000,000 in junk loans

Here is the CEO Marc Lively, he took $17,000,000 of tax payer money in TAARP funds, which he won’t pay back

He is the guy on the left, the stomach and golfing is paid with $17,000,000 in your tax payer money.  Do you think these fat slobs hit the 19th hole with your $.

This clown made $151,000,000 in bad loans

Maybe this joker should get off the golf course and get his sorry ass off the problem bank list

Hopefully, Mark is making more bad loans with these jokers, Mark should be in jail

He made $298k last year

Mark made $151MM in problem loans with only only $39MM in equity

It didn’t take him long to bankrupt this place

They lost $10,000,000 over the last 2 years

The balance sheet is not looking very lively

Good thing has time to play golf, at least he can’t make bad loans there

Community First Bank and Trust Columbia, Tennesse was founded in 1999.  They took $17MM in tax payer funded bailout money, which it won’t pay back.  I couldn’t find it on the problem bank list, but it ought to be.

The company has $678MM in assets with $56MM in supposed equity.

The equity position is actually $39MM, as the $17MM in bailout funds is not preferred stock but debt, which they won’t pay back.

The problem loan scenario is staggering.  They have $41MM in loans past due 30-90 days, get this, there are $110MM in loans on non accrual!

So, they have $151MM in bad loans and $39MM in equity.

This place is flat out bankrupt

Why hasn’t the government shut them down.  What, they think if they wait they will get the $17MM back?

Why aren’t they at least on the problem bank list, this place has problems.

This place is bankrupt.

How are they going to pay back the tax payer $17MM

Net income was ($4MM) in FY10 and ($6MM) in FY09.

So how are they going to pay the $17MM back?

At least the executives are suffering.  They get paid well for wiping this place out.

Mark Lively             made $298K

Diane Scroggins     made$125K

Michael Saporito   made $167K

Carl Cambell            made $177K

Mark Lively gets paid well to run this thing into the ground

That is good pay for causing this disaster.

Fidelity Bank of Florida Merritt Island Florida

July 21, 2011

Fidelity Bank of Florida, Merritt Island Florida was founded in 1997.  The company is on the problem bank list.  Does this place have problems.  The Texas ratio is 164%.

Assets are $375MM with equity of $14MM.

Get a load of the problem loan portfolio, it is incredible.  They have $79MM in problem loans.

Hold on, they have $79MM in problem loans with only $14MM in equity?

This thing is bankrupt.

This place need to be closed down.

Where the regulators? Even those clowns can see this thing is insolvent.

Not only is this place good at making bad loans, they are great at losing money.

Net income was ($3MM) in FY10 ($7MM) in FY09 and ($8MM) in FY08.  They lost another ($1MM) in Q1 2011.

Hold on, they lost another $1.9MM in Q2.

For some reason, they won’t tell you who the CEO is on the website.

If I wiped out 200% of the equity in 3 years, I would be in hiding also.

The only thing the website has is all the vacant land they have for sale, not a good sign.

Do you keep money in this bankrupt place?

Fidelity is one thing this place is not.

Park Federal Savings Bank Chicago Illinois

July 20, 2011

Park Federal Savings Bank, Chicago Illinois is on the problem bank list for hazardous commercial real estate lending.  The Texas ratio is 66%.  The stock is delisted.

Assets are $207MM, with equity of $16MM.

The problem loan portfolio is $12MM.

This bank is technically insolvent.

Net income was ($5MM) in FY10, ($4MM) in FY09 and ($2MM) in FY08

Take a look at the website under the news section, there hasn’t been any news posted since FY09.  The last posted news was that the stock was delisted, always a good sign.

Here is some news, you are insolvent.

The executives may have bankrupted this place, but at least they paid themselves well to do it.

David Remijas       made  $246k

Richard Remijas   made $227k

Victor Caputo        made $138k

Paul Lopez               made $118k

That is good pay for wiping out the shareholders.

The Remijas family, also wiped out 54% of the equity in only 3 years.

Do you have your money have your money parked in this disaster?

Liberty Bank Twinsburg Ohio

July 20, 2011

Here is the new web site

capital2risk.com

This is William Valarian CEO

William is on the problem bank list

William is sitting on $13,000,000 in junk loans and only $22,000,000 in equity

Do you have William watching your money, that is scary, this clown is screwed

How is the capital raising going?

Who in their right mind would invest in this abortion?

Then again, who would keep their money in the disaster!

Liberty Bank, Twinsburg Ohio was founded in 1990.  The company is on the problem bank list.  The Texas ratio is 32%.

Here us the rest of the team, that is wiping this place out

Assets are $227MM with equity of $20MM.

The problem loan portfolio is $10MM.

The problem loans could wipe out  a good part of the remaining equity.

William Valerian is the CEO.

Take a look at his letter to the shareholders.  It is comical.  They were supposed to raise capital by 6/30.  They claim to have a letter of intent for $10MM from an in investor, but no details are provided. It is pretty obvious, they don’t have a deal.

William Valerain wiped out the existing shareholders, if he had a deal he would have put it on the table.

For some reason , they won’t put the financial statements on the website.  I guess they are not at liberty to tell.

Do you have money in this bankrupt entity?

American Bank of the North Nashwauck Minnesota

July 19, 2011

 

 

 

American Bank of the North, Nashwauck Minnesota was founded in 1920.  The company is on the problem bank list, it appears as if they were doing some hazardous commercial real estate lending.  The Texas ratio is 79%.

Assets are $644MM and equity of $49MM.

The problem loan portfolio is $48MM. The problem loan portfolio appears to be rapidly increasing.

Having $48MM in problem loans and $49MM in equity is not a promising scenario.

The problem loan portfolio could cause havoc on the equity base.

The Farmers Bank of Bulh Idaho

July 15, 2011

Mike Hanlton destroyed this 100 year old bank, with hazardous lending

The Famers Bank of Bulh Idaho was founded in 1917.  The company is on the problem bank list for hazardous commercial real estate lending.

Assets are $369MM with equity of $47MM.

The problem loan portfolio is $42MM.

That is pretty scary, $42MM in bad loans with $47MM in equity.

This place is technically insolvent.

The problem loans, could easily wipe out the rest of the equity.

Mike Hanlton is the CEO, this place survived the great depression, can it survive Mike Hanlton.

Got money in this place? You might be hanging with Mike Hanlton and his swine.

First Century Bank Bluefield West Virginia

July 14, 2011

Check out the  new site more rednecks

capital2risk.com

These people are holding your money

This is one of the worst banks in the state

This is RW Wilkerson he bankrupted this 100 year old bank and wiped out the stockholders

RW got paid $280,000 to destroy this bank

RW also wiped out the stockholders

RW makes $280,000 a year probably not a bad salary in Cuntucky

First Century Bank, Bluefield West Virginia was founded in 1891.  For some reason, they aren’t on the problem bank list. The stock is delsited.

Assets are $420MM with equity of $39MM.

The problem loan portfolio is $23MM.

The problem loans, could potentially wipe out a large percentage of the equity base.

At least the executives were paid well, for racking up all these bad loans.

RW Wilkerson   made $280k

Frank Wilkerson made $165k

John Beckett      made $150k

That is good pay for wiping out the shareholders.

The bank survived the Great Depression but it might not survive the Wilkerson’s.

They made is through the First Century, but the Wilkerson’s might prevent it from making it through the next century.

Do you money here?

First National Bank USA Boutte Louisiana

July 14, 2011


 

here is the new CEO

Sober

he can’t be worse than Brand Dufrene

 

 

 

 

 

First National Bank USA, Boutte Louisiana was founded in 1975.  They are on the problem bank list.  That might explain the 94% Texas ratio.

Assets are $154MM with equity of $15MM.

The problem loan portfolio is $28MM!

Hold on, the problem loan portfolio is twice the size as the equity position?

This place is history.

Why aren’t they shut down?

Check out the website.  Look at the Presidents message from Brandt Dufrene.

That is comforting, contrasted with the problem loan portfolio.

Do you have money in this bankrupt entity?

They should change their motto to “here today gone tomorrow”.

Security Bank of Kansas City Kansas City Kansas

July 14, 2011

Are you feeling like you you have some security

I would trust this guy more than James Lewis

 

Security Bank of Kansas City, Kansas City Kansas was founded in 1933.  The Texas ratio is 68% but for some reason, they aren’t on the problem bank list.

Assets are $850MM, with equity of $113MM

The problem loan portfolio is $106MM.

I guess having enough problem loans to wipe out your equity base, isn’t enough to get on the problem bank list.

This bank is insolvent.

James Lewis is the CEO.  This place survived the depression, but it won’t survive James Lewis.

Do have money in this zombie bank? Do you feel secure?

Security, is not a name I would be using for this bankrupt entity.

National Bank of Kansas City Overland Park Kansas

July 13, 2011

 

National Bank of Kansas City Overland Park Kansas as founded 1996.  The company is on the problem bank list.  They Texas ratio is 70%,

Assets are $635MM with equity of $57MM.

The problem loan portfolio is $57MM.

So, they have $57MM in problem loans and $57MM in equity.

This bank is probably technically insolvent.

Brian Unruh is the CEO, he did a good job at running this place into the ground.

First National Bank of the Rockies Grand Junction Colorado

July 13, 2011


Check out the new site

capital2risk.com

Peter Waller has done a fine job at destroying a 127 year old bank

I guess he has been engaging in hazardous commercial real estate lending

He didn’t get this place on the problem bank list for nothing

First National Bank of the Rockies, Grand Junction Colorado was founded in 1904.  The company is on the problem bank list, for hazardous commercial real estate lending.  The Texas ratio is 68%.

Assets are $323MM with equity of $24MM.

The problem loan portfolio is impressive.  They have $27MM in problem loans.  There are $13MM in construction loans on non accrual, this alone could wipe them out.

With $27MM in problem loans and $24MM inequity, this place is technically insolvent.

When is this place going to be closed down.

Peter Waller, CEO, did an admirable job of bankrupting a 127 year old financial institution.

The bank survived the Great Depression but it couldn’t survive Peter Waller.

Is this your bank?

Head for the hills or the desert.

Sevier County Bank Sevierville Tennessee

July 13, 2011

If you are running this disaster you should jump

$75MM in bad loans and $32MM in equity, you are f$%cked

Sevier County Bank, Sevierville Tennessee was founded in 1909.  The company is on the problem bank list.  That might explain why the Texas ratio is 163%.

Assets are $354MM with equity of $32MM.

The problem loan portfolio is $74MM.

Hold on, they have $74MM in problem loans with $32MM in equity.

This place is bankrupt, why is it still open.

Take a look at the website, they won’t tell you who the CEO is.

Bank of Upson Thomaston Georgia Problem Bank list Bankrupt

July 13, 2011

Do you have money in this disaster?

Bank of Upson, Thomaston Georgia was founded in 1951.  The company is not on the problem bank list for some reason, despite having a Texas ratio of 71%.

Assets are $344MM with $30MM in equity.

The problem loan ,in relation to the equity base is staggering.  They have $57MM in problem loans.

With $57MM in problem loans and $30MM in equity, this place is bankrupt.

This bank should be closed.

Why aren’t they on the problem bank list?

This bank is beyond insolvent.

Take a look at all the vacant land that is for sale.

First Cornerstone Bank King of Prussia Pennsylvania

July 13, 2011

This is Robert Jara, this fat head bankrupted this place in record time

Robert runs the worst bank in Pennsylvainia

This dope is sitting on $25,000,000 in junk loans

Robert lost $6,000,000 in Q4 alone, this wiping out 50% of the equity in only 90 days

Robert got this place on the problem bank list for weakness in management , shocking

The Texas ratio is 176%

Robert should be in jail


This idiot is Lawrence Persick

This is dumb F$$ck that made $32,000,000 in bad loans

This bald head should be sitting in jail

This guy is the king of Prussia

With a Texas ratio of 178%, Robert Jara has serious debt and no equity

Robert Jara kicks it down with unsafe and unsound lending

First Cornerstone?

How much debt does this place have?  How about $32MM in bad loans

First Cornerstone Bank, King of Prussia Pennsylvania was founded in 2000.  The company is on the problem bank list for unsafe and unsound lending practices.  They were cited for weakness in management, asset quality, capital earnings and liquidity.  The Texas ratio is 176%.

Assets are $180MM with $13MM in equity.

The problem loan portfolio in relation to the asset base is incredible.  They have $32MM in problem loans.

Having $32MM in problem loans with only $13MM in equity equates to bankrupt.

Why isn’t this place closed down?

Robert Jara, the CEO, wasted no time in bankrupting this bank.

Do you have money in this thing.

Cornerstone, is the one thing they aren’t.

Amalgamated Bank New York New York

July 12, 2011

Amalgamated Bank, New York New York was founded in 1923.  They aren’t on the problem bank list, but this place has problems.

Assets are $4.2B with equity of $275MM.

The problem loan portfolio is $212MM.

Hold on, they have $212MM in problem loans, with $275MM and they aren’t on the problem bank list.  That is a problem.

This place is looking on the verge of insolvency.

Do you have money in this place?

This bank is an amalgamation of bad loans.

Madison Bank Richmond Kentucky

July 7, 2011

Madison Bank, Richmond Kentucky was founded in 1997.  The company took $3MM in tax payer funded bailout money, which it can’t pay back.  They are also on the problem bank list.  If there were an insolvent bank list they, would be on it also.

Assets are $150MM, with supposed equity of $13MM

The actual equity is $10MM, the $3MM from the tax payer is debt, not preferred stock.

The problem loan portfolio is $10MM.

Wait, they have $10MM in problem loans and $10MM in equity, one could take a leap and say they are bankrupt.

Net income was $86k in FY10 and ($15k) in FY09.

At this rate, when will the $3MM get paid back, how about never.

Do you have money in this disaster?

United Bank & Trust Frankfort Kentucky

June 28, 2011

United Bank & Trust Frankfort Kentucky was founded in 1880.  The company is on the problem bank list.  The Texas ratio is 69%.  The stock is delisted.

They took $30MM of tax payer funded bailout money, which they won’t pay back.

Assets are $680MM with equity of $57MM.

The problem loan portfolio is $64MM.

This place looks insolvent.

How are they going to pay the tax payer back $30MM.  The answer is, they can’t.

Take a look at the website, they don’t post financial statements or tell you who the CEO is.

The executives won’t repay the tax payer, but they certainly take care of themselves.

Lloyd Hilliard             made $343k

Ben Brown                    made $185k

Michael Schomick     made $169k

C Douglas Carpenter made $135k

That is good pay for wiping out the stock and the shareholders, not to mention bankrupting a 131 year old financial institution.

Lloyd, the tax payer wants to know where their $30MM is?

Is your money here?

I wouldn’t bank with or trust this place.

Omni Bank Houston Texas

June 27, 2011

Omni Bank Houston Texas was founded in 1954.  The company is on the problem bank list for hazardous commercial  real estate lending.  They were cited unsafe and unsound lending practices.  The Texas ratio is 85%, making it the 3rd worst bank in the state.

Assets are $368MM and equity is $36MM.

The problem loan portfolio is significant.  They have $35MM in loans on non accrual, with $10MM in OREO.

Hold on, they have $35MM in bad loans and $36MM in equity.

This bank is bankrupt.

Why aren’t closed.

Julie Crisp the CEO, destroyed this 57 year old company with a vengeance.

This is a women owned company.

See, women can wipe out banks also.

It is not only fat boring white guys who destroy banks.

This a great name for this carnage.  Omni means “all” in Latin.  All the equity is being destroyed by the problem loans.

Do you have money in this disaster. Don’t give your money to the Julie Crisp.

Call Julie, the portfolio is not looking to crisp.

The omnipotent Julie Crisp, unsafe and unsound lending is not crisp.

You should hire Neil Bush, he wiped out  a $1.3B dollar bank in Colorado.

Centennial Bank Fountain Valley California

June 26, 2011

 

Centennial Bank Fountain Valley California was founded in 1979.  The company is a distinguished member of the problem bank list, for using unsafe and sound lending practices.  More specifically, they have significant deficient levels of capital and liquidity.

Assets are $750MM with equity of $90MM.

Take a look at the problem loan portfolio in relation to the equity situation, is astonishing.  They have $131MM in non accrual loans!

Hold on, they have $131MM in non accrual loans and $90MM in supposed equity, they are beyond bankrupt

The regulators said they need more capital, you think?

How are they possibly going to raise capital?

They should have contacted Whitey Bulgur while he was still in California.

This place is a seized up mess.

Why is this bank not closed, they are a Zombie.

Check out the website, they won’t post the financial statements or tell who is running the place.

These clowns are in hiding.

Do you have money in this unmitigated disaster?

American National Bank of Minnesota Baxter Minnesota

June 26, 2011

American National Bank of Minnesota Baxter, Minnesota was founded in 1983.  The company is on the problem bank list. I guess with a Texas ratio of 125%, they are well deserving of this distinction.

Assets are $282MM with equity of $29MM.

The problem loan portfolio is impressive.  They have $25MM in problem loans with $30MM in OREO.

Wow, with $25MM in problem loans and $29MM in equity, this place is bankrupt.

Do you think this place should probably be shut down?

For some reason, the website doesn’t post the financial statements or tell you who the management team.

I might not know who the management team is but I know one thing, this place is bankrupt.

When the first thing you see on the website is the real estate they have for sale, that is a problem.

They have quite a selection of vacant land for sale. Vacant land in central Minnesota, looks like an attractive investment?

Do you have money in this bank? It could be a long winter.

First Reliance Bank Florence South Carolina

June 26, 2011

Take a look at the new site

capital2risk.com

The efficiency ratio is 97% this dope loses money just opening up this bankrupt disaster

F$$CKING R lost $8,625,000 in Q4 2011 alone

F&$CKING R is sitting on $50,000,000 in shit loans

F.R. took your money he makes $635k a year, would you trust this guy?

The Texas ratio is like 83% FR you are bankrupt

They are rated a 1 which is the worst you can get

He took $17MM of tax payer money and gets paid $635k, which includes a country club membership

First Reliance Bank Florence South Carolina was founded in 1999.  The company took $17MM in tax payer funded bailout money, which it has decided not to repay.  For some reason, they aren’t on the problem bank list.  I guess not paying back the tax payer money they took, is not a problem for the regulators.

This is Jeffery Paulucci,

This criminal stole $17,000,000 from the tax payer

Jeffery gets paid $318,000 to steal your money

Jefferey the tax payer wants the $17,000,000 back that you took

This thief has pretty good tan

Your taxes are paying for country club dues

Assets are $574MM and the supposed equity is $53MM.

The actual equity is $36MM, as the $17MM they took from the tax payer is debt, not preferred stock as they are calling it.

The problem loan portfolio in relation to the equity base is impressive.  They have $27MM in problem loans, with $23MM on non accrual and anther $17MM in OREO.

Get this, they have $27MM in bad loans and $36MM in equity, they are bankrupt.

How can a company that is effectively bankrupt, not even receive a much deserved spot on the problem bank list?  Come on, the Texas ratio is 72%, let them on the list, so they can brag to their friends at the country club.

Net income was ($1MM) in FY10 and ($2MM) in FY09.

They lost $7MM in Q3 2011 alone, this place will be bankrupt soon

Based on this financial performance, how long will it take them to repay the tax payer $17MM? They can’t.

This is Craig Evans he owes you $17,000,000

Craig gets paid $291,000 to screw the tax payer, he also gets free a country club membership

Craig should be in jail

Maybe they can’t repay the tax payer, but they can sure as hell pay themselves.

F. R Saunders      made  $635k

Jeffrey Paulucci  made   $318k

Craig Evans            made  $291k

Don’t worry, this includes country club fees.  The tax payer is paying for them to play golf.  It might be safer for the tax payer to have them out golfing, at least when they are golfing, they aren’t making bad loans.

This team pays themselves well to, bankrupt the company, wipe out the shareholder, take money from the tax payer and not pay it back.

F. R. where is the tax payers $17MM, check your pockets.

F.R. where the f$$$ is the the $17MM you took

F.R. you bankrupted this place in record time.

The market capitalization is $8MM or 15% of book, this place is worth more dead than alive.

Do you have money here? I wouldn’t put much reliance on this disaster.

What does F. R. stand for? First Reliance?

Are you going to rely on F.R. Saunders to wipe out the rest of your money?

pueblo

June 26, 2011

Archer Bank Chicago Illinois was founded in 1962.  They are a member of the problem bank list, for general  incompetent commercial real estate lending.  They were cited for weakness in management, capital , asset quality and earnings, that pretty much covers everything.  Maybe that is why, the Texas ratio is 110%.

Assets are $572MM, with equity of $56MM.

The problem loan portfolio in relation to the equity, situation is staggering.   Get this, they have $85MM in problem loans, with $68MM in non accrual and $19MM in OREO.

These clowns have $32MM in construction loans on non accrual, that alone should bankrupt them.

Hold on, they have $85MM in problem loans and $56MM in equity.

Do you think the place is bankrupt?

Why isn’t this disaster closed down?

Maybe because the FDIC is bankrupt.

They lost $10MM in Q2 2011.

Matthew Tilton the CEO has done a remarkable job at bankrupting this bank.

Do you have money in this insolvent place?

Archer?

Baytree National Bank & Trust Company Lake Forest Illinois

June 26, 2011

Take a look at the new site

capital2risk.com

William Bunn lost $7,234,000 in Q4 alone

This clown wiped out 56% of the remaining equity in only 90 days

Why is the guy bald? He is sitting on $17,000,000 bad loans, with only $8,000,000 in equity

William should be in jail

Are letting this dope watch your money

William is a criminal

The efficiency ratio is 87% these dopes lose money just opening up the doors

This is William Bunn III, wasn’t one Willliam Bunn enough?

William got this place on the problem bank list for incompetent commercial real estate lending

No wonder he has no hair, he has $21MM in bad loans and he runs one of the worst banks in the state

Would you bank or trust Mr. Bunn?

Horned rim glasses doesn’t make you smart

Here is Michael Flynn CEO

Michael ran this place into the ground and got it on the problem bank list

Michael has 3 chins, this fat cat bankster is not going hungry 

This is James McGrath

James is the dope who makes all the junk loans

Why is this clown smiling?

He got this place on the problem bank list for incompetent commercial lending

This is Bernard Mayle, the geek is the CFO

This crook wiped out 56% of the equity in Q4 2011

Bernard is one savvy banker

Baytree National Bank & Trust Company, Lake Forest Illinois was founded in 2000.  The company is on the problem bank list, basically for incompetent commercial real estate lending.  Maybe that is why the Texas ratio is 137%.

Assets are $200MM with equity of $11M.

The problem loan portfolio in relation to the equity base is significant.  There are $21 MM in bad loans, with $19MM on non accrual and $3MM.

With $21MM in bad loans and $11MM in equity, this place is bankrupt.

Why isn’t this place closed down?

Besides makihg bad loans, this team is adept at losing money.

Net income was ($3MM) in FY10, ($13MM) in FY09, ($3MM) in FY08.  Impressive performance.

They lost another $1MM in Q2.  The equity position is down to $11MM.

Willard Bunn lll the CEO, bankrupted this place in record time.

Do you have money in this bank?

Based on this stellar performance, I would not bank or trust with Willard Bunn and his team.

American Chartered Bank Schaumberg Illinois

June 23, 2011

 


This is Dan Miller, the CEO

Dan is the guy that ran this place into the ground

Dan is sitting on $95,000,000 in bad loans

Dan wiped out 48% of the equity

Do you money in this disaster?

American Chartered Bank Schaumburg Illinois was founded in 1987.  The company is not on the problem list, though they have serious problems.

Assets are $2.3B, with $188MM in equity.

Here is Dan looking at his $95,000,000 in problem loans

The problem loan portfolio is impressive.  They have $78MM in problem loans, with $60MM on non accrual and $65MM in OREO.

The problem loan portfolio will put ongoing serious stress on the equity situation.

They forgot to post the financial statements on the website or tell you who the management team is.

We don’t  know who the management team is, but we no one thing, they wiped out 48% of the stock in the last 3 years.

Is this your bank?

The Equitable Bank Wauwatosa Wisconsin

June 23, 2011

 

 

The Equitable Bank kicks it down with incompetent commercial real estate lending

Koch industries is equitable

These clowns will finance your vacant land

The Equitable Bank Wauwatosa Wisconsin was founded in 1927.  The company is on the problem bank list, for incompetent commercial real estate lending.  They were cited for unsafe and unsound banking practices relating to weakness in management, capital, asset quality and earnings.  The Texas ratio is 78%.

Assets are $434MM with equity of $34MM

The problem loan portfolio is impressive at $27MM, with non accrual of $18MM and $15MM in OREO.

With $27MM in problem loans and $34MM in equity, this place is technically insolvent.

This team is also adept at losing money.  Net income was ($5MM) in FY10, ($5MM) in FY09 and ($4MM) in FY08, at least these guys are consistent. Oh yea, they another $2.9MM in Q1 2011.

They forgot to post the financial statement on the website, or tell you who the management team is.

The one thing they do have on the website, is an impressive list of properties for sale.  This place likes to finance vacant land.

The Equitable Bank? The one thing they don’t have is equity.

Do you keep money in this bank?  Don’t stick around too long, there is not much equity left.

Center Bank Los Angeles California

June 21, 2011

Center Bank Los Angeles California was founded in 1986.  The company took $55MM in tax payer funded bailout money, which they refused to repay. For some reason they aren’t on the problem bank list. I guess the regulators don’t think taking, $55MM in tax payer money and not paying it back, is a problem.

Assets are $2.2B with $292 in equity.

The actual equity is $237MM, as the $55MM they took is not equity.

The problem loan portfolio is $116MM, with $96MM on non accrual.

The non accrual alone could destroy the equity base. That is not a problem?

Net income was ($9MM) in FY10 and ($45MM) in FY09.

How are they going to pay back $55MM at this rate?  They can’t.

At least the executives get paid, even if the tax payer doesn’t.

Jae Whan Ho      made $301k

Lisa Kim Pai       made  $211k

Lonny Robinson made $208k

Jason Kim              made $161k

Sook Kyong Goo made $160k

Don’t worry, these salaries include country club fees and car allowances.

This team won’t pay back the $55MM in tax payer funds, but they the money to go golfing.  That’s right it’s on the tax payers dime.

This is good pay for for stealing tax payer money.

Do you money in this place?

West Suburban Bank Lombard Illinois

June 21, 2011

West Suburban Bank, Lombard Illinois was founded in 1962.  For some reason, they are not on the problem bank list.

Assets are $1.9B with equity of $153MM.

The problem loan portfolio is impressive.  They have $113MM in problem loans, with $26MM in OREO.

Take a look at this, these clowns have $60MM in non accrual construction loans, this alone could wipe them out.

This place is probably technically insolvent, and they can’t even make it on the problem bank list.

For some reason, they don’t tell you who the management team is, with this portfolio, I can’t blame them.

Their motto is “unlike any other bank”

I’ll give them this, they make bad construction loans unlike any other bank.

First Financial Bank Liberty Ohio

June 21, 2011

 

This is Claude Davis he makes $2.49MM for wiping out a 148 year old bank

Claude racked up $600MM in bad loans for this place

Claude $2.49MM must go pretty far in Ohio

First Financial Bank Liberty Ohio was founded in 1863.  They is not on the problem bank list, it is unclear why, given their staggering problem loan portfolio.

Assets are $6.3B, with equity of $593MM

The problem loan portfolio is immense.  They have $600MM in problem loans, with $394MM that are over 90 days past due.

This bank is technically insolvent.

How, they are not on the problem bank list is a question.

The executives are well paid, for racking up this volume of bad loans.

Claude Davis              made $2.249M

C Douglas Jefferson  made $871k

J Franklin Hall            made $800k

Gregory Gelhman     made $720k

The is great pay for running a 148 financial institution into the ground.

First Federal Charlston South Carolina

June 21, 2011

This is A Thomas Hood, he stole $65,000,000 of your money

A Hole Hood makes $354,000 to take tax payer money

This Hood is sitting on $165,000,000 shit loans

Take a look at A. Thomas Hood, this guy took $65MM of your tax payer money, which he won’t pay back

He gets paid $354k to rack up $165MM in bad loans

How many chins does this fat slob have? A hole Thomas the Hood

A. Thomas, you lost $40MM last year, how are going to pay back $65MM, you can’t

This guy is from the Hood

First Federal Charlston  South Carolina was founded in 1934.  The company stole $65MM in tax payer funded bailout money, which it has refuses to pay back. For some reason, they aren’t on the problem bank list.  I guess taking tax payer money and not paying it back is not a problem for the FDIC.

Assets are $3.25B with $282 in supposed equity.

The actual equity is $217MM, as the $65MM in tax payer funds that is classified as prefered stock, is actually debt.

The problem loan portfolio in relation to equity is impressive.  They have $165MM in non accrual and $27MM in OREO.

With, $165MM in non accrual and $217MM in equity, this place is insolvent.

Why are they not shut down.

Why aren’t they on the problem bank list?

Net income was ($40MM) in FY10.

How are they going to pay back $65MM at this rate?

They can’t, they stole tax payer money, which they can’t return.

Here is the list of criminals that bankrupted this place, but still get paid very well.

R. Wayne Hall       made $293k

Blaise Bettendorf  made $156k

A. Thomas Hood  made $354k

Richard Arthur     made $276k

James Dale Hall    made $272k

These guys pay themselves well to steal $65MM, wipe out the shareholders and run a 77 year old financial institution into oblivion

I guess if you are a banker in South Carolina, you can stick a letter in front of your name, which allows to steal tax payer money and not pay it back.

R. Wayne offered to pay the tax payer back with Confederate money!

Do you have money in this disaster?

First Federal Bank of Elizabetown Elizabethtown Kentucky Keith Johnson took $20,000,000 of your money Problem bank list Keith makes $478,000 it can’t buy him hair

June 20, 2011

Check out B. Keith Johnson, he took $20MM of your money

B. Keith hasn’t even paid interest on these funds since 8/10

he also got this place on the problem bank list

He makes $488k to destroy an 88 year old bank

I wouldn’t mind being Keith, that is good money for making $69MM in bad loans

First Federal Bank of Elizabethtown Elizabethtown Kentucky was founded in 1923.  The company took $20MM in tax payer funded bailout money, which they have decided not to pay back.  They have also chosen not to even pay interest to the tax payer on these funds, since 8/10.  They are also on the problem bank list.

Assets are $1.29M with equity of $92MM.

The actual equity is $72MM, as the $20MM in tax payer money they won’t pay back, is debt not preferred stock.

The problem loan portfolio in relation to the equity base is scary.  They have $69MM in problem loans, with $52MM on non accrual.  OREO is $25MM

This bank is bankrupt.

How come they haven’t been shut down. What, the regulators think the tax payer might get repaid, think again.

Net income was ($10MM) in FY10, ($8MM) in FY09. Oh yea, the lost another $1.6MM in Q1 2011 .

At this rate how are they going to pay back $20MM?

Luckily the executives pay themselves, before the pay back the tax payer.

B. Keith Johnson   made $478k

Gregory Schreacke made $230k

Charles Cheney        made $193k

Larry Hawkins         made  $159k

Anna Moran            made    $176k

Steven Zagal          made      $150k

This team gets paid well for running an 88 year old financial institution into the ground.

B. Keith, where is the tax payers $20MM, in your pocket?

B. Keith, you won’t even pay interest on the money you stole from the tax payer, but you get paid $478K to bankrupt this place.

This bank survived the Great Depression but it won’t survive B. Keith.

Do you have your money here?  They happily took the tax payer’s money.

BankTrust Mobile Alabama

June 20, 2011

Take a look at the new site

capital2risk.com

That guy on the right is W. Bibb Lamar

W. Bibb took $50,000,000 in tax payer money which he can’t pay back

W. Bibb makes $486,000  a year which includes country club memberships

W. Bibb is sitting on $200,000,000 in bad loans, with $200,000,000 equity

W. Bibb is bankrupt

This fat slob needs a bib, he stole so much government money, he is drooling all over himself

BankTrust Mobile Alabama was founded in 1986.  The company took $50MM in tax payer funded bailout money, was has decided to not pay back.  I guess not paying back the taxpayer $50MM, is not enough to get you on the problem bank list.  Even with a Texas ratio of 87%, they can’t qualify.  These regulators are on top of things.

Assets are $2.1B with equity of $219MM

The actual equity is $169MM, as the $50MM in tax payer bailout funds, is not preferred stock as they are calling it, it is debt that they need to paid back.  The government is just propping this thing up with tax payer funds, by putting the money in as equity.

The problem loan portfolio is impressive.  They have $128MM in problem loans with $109MM on non accrual.  Check this out, these clowns are sitting on $77MM in construction loans on non accrual.  Savvy!  They also have another $85MM in OREO.

So, they have $128MM in bad loans, with $169MM in equity and the can’t get on the problem bank list these days?

This thing is insolvent.

Why isn’t it shut down?

Net income was $842K in FY10 and ($124MM) in FY09.

How are they going to pay the tax payer back the $50MM.  At this rate, they might have it paid back in 50 years.

The good thing is, the executives still pay themselves well for bankrupting this place.

W. Bibb Lamar             made $486k

F Michael Johnson    made $338k

Michael Fitzugh          made $247k

Bruce Finley                 made  $294k

Edward Livingston    made $231k

Fortunately, this includes country club expenses, they are probably using the tax payer funds for this expense.

This is good pay for wiping out this place.

I guess, if you are a lawyer or banker in the south, you get to stick a letter in front of your name.

Hey W. Bibb where is the tax payers $50MM.

W. Bibb is probably at the country club, that might be a benefit to the tax payer, he can’t make any more bad construction loans while at the club.

Do you have money in this place? Well, they have your money and you are not getting it back!

I won’t bank with or trust this incompetent team.

United Central Bank Garland Texas

June 20, 2011

United Central Bank Garland Texas was founded in 1984.  The bank is not on the problem bank list, despite having a Texas ratio of 126%.  Believe me, this place has problems.

Assets are $2.55B with equity of $261MM.

The problem loan portfolio is incredible.  They have, get this, $725MM in problem loans with $518MM that are on non accrual.

Hold on, they have $725MM in bad loans with $261MM in equity.

This place is beyond bankrupt.

Why is this thing not shut down.

These numbers can’t even get you on the problem bank list these days.  These regulators are a savvy group.

They did no one thing, they gave the bank $263MM in tax payer funded stop lose guarantees from the FDIC, for their problem loans.

The government is using tax payer money to prop up this disaster.

They don’t post financial statements or tell you who the management team is.

Take a look at the message from the president, it doesn’t even give you the name of president.

The one thing they can’t hide is the $725MM in bad loans they made.

Take your money out of this bankrupt place.

This place is devastated.

Iberia Bank Lafayette Lousiana

June 20, 2011

Take a look at the new site

capital2risk.com

This is Darryl Bird he makes $2.4MM for running a 124 year bank into the ground

Iberia Bank Lafayette Louisiana was founded in 1887.  For some reason they are not on the problem loan list.  The Texas is at least 100%, this place has problems.

Assets are $9.8M with $1.13B in equity

The problem loan situation is staggering.  They have $1.93B in problem loans, with $1.64B on non accrual.  Get this, they have $500MM in bad construction loans.  These alone could bankrupt this place.

So they have $1.93B in problem loans with $1.13B in equity

This place is bankrupt, what does it take to get on the problem bank list these days?

The government is using $793MM in take payer money for stop loss agreements, to guarantee their bad lending practices.

Hold on, the FDIC is also bankrupt.

So, your tax payer money is being used to guarantee the bad construction loans they made.

Rest assured the executive salaries are incredible for bankrupting this place.

Daryl Byrd       made   $2.441M

Anthony Restal made $889M

MIchael Brown  made  $1.604M

John Davies        made   $939M

Jefferson Parker made $1.976M

Wow, that is great money for running this bank into the ground.

They also get to scam free government guarantees.

The executives pay themselves millions of dollars to wipe out a 124 year old financial institution.

Do you have your money here, take it out.

The government is using tax payer money to prop up the problem loans this group made.  While they walk away with millions of dollars!

Bridgeview Bank Bridgeview Illinois

June 20, 2011

Here is the new site

capital2risk.c0m

Take a look at Peter Haleas, he took $38,000,000 of your money which he can’t pay back

 

Peter won’t even pay interest on these funds

Holy Sh$$t Peter racked up $160,000,000 in bad loans, only $108,000,000 in equity

This place is bankrupt

Hold on Peter lost $21,000,000 in Q4 2011 alone

Peter how are you going to pay back the $38,000,000 you stole from the tax payer? You can’t

The Peter principal?

Do you have money in this disaster?

Peter steals tax payer money and won’t even pay interest on it

How about putting this criminal in jail?

Bridgeview Bank Bridgeview Illinois was founded in 1973.  The company stole $38MM in tax payer funded bailout money, which it has decided to not pay back.  Then again, they haven’t even paid interest on these funds.  The customer has to pay interest but the bank doesn’t have to pay interest on money it owes the tax payer.  I guess this isn’t enough to get one on the problem bank list these days.  I seems like the regulators don’t care if the tax payer gets rapid.

Assets are $1.B with equity of $136MM.

However, the equity is only $98MM, as the $38MM, that the government lets them classify as preferred stock, is actually debt.

The problem loan portfolio in relation to the equity position is scary.  They have $138MM in bad loans with $104MM on non accrual.

This place is bankrupt, with $98MM in equity, non accruals alone will wipe them out.

Why isn’t this place closed down.

Then again, why aren’t they on the problem bank list, it pretty obvious this bank has serious problems.

Net income was $912k in FY10 and ($7MM) in FY09.

Based on this financial performance, how are they going to pay the tax payer back $38MM? They can’t. They can’t even pay interest.

For some reason they don’t post financial statements or tell you who the management team is.

If you see CEO Peter Haleas, ask him how much he gets paid to run this place into the ground.

Do you have money in this disaster?

This bank took $38MM in tax payer money which the won’t pay back.

Piedmont Community Bank

June 18, 2011

Piedmont Community Bank was founded in 2002.  This place has it all.  They are on the problem bank list, for incompetent commercial real estate and construction lending.  The Texas ratio is through the roof at 465%.

They are also on the list of under capitalized banks.  We might as well slap them on the list of insolvent banks.

Assets are $217MM with equity of $9MM.

The problem loan portfolio is incredible.  they have $36MM in problem loans with $32MM on non accrual.  Get this, they have $23MM of construction loans on non accrual.

This place should be closed down.

Net income was ($6MM) in FY10, ($3MM) in FY09 and ($1MM) in FY08.  They lost another $685k in Q1 2011.

They forgot to post the financial statements or tell you who the management team is on the website.

We may not know who the management team is, but we do know that they wiped out 122% of the equity in the last 3 years.

This team bankrupted this place in record time.

Bank of Eastman Eastman Georgia

June 17, 2011

Bank of Eastman Eastman Georgia was founded in 1919.  For some reason, they aren’t on the problem bank list.  Only in Georgia, can have a Texas ratio of 128% and you can’t get on the problem bank list.

Assets are $216M and equity is $18M.

They have, get this, $32MM in problem loans, with $19MM on non accrual.

They have $32MM in problem loans with $18MM in equity, and can’t even get on the problem bank list

This place is insolvent.

They lost another $433k in Q1 alone.

Check out the website, it’s comical.  They have a Jr. Board of Directors.  They looks like a bunch of high school kids.  They are probably the clowns that were giving out the money.  Judging from the portfolio, they gave out the money like it was monopoly money.

Maybe they used Confederate money. I’ll tell you one thing, they are not getting it back.

You might want to pull your money out of this debacle.

Home Savings Bank of America Little Falls Minnesota

June 16, 2011

Home Savings Bank of America Little Falls Minnesota was founded in 1934.  They are on the problem bank list after receiving  a cease and desist order. That may be due to the Texas ratio of  205%.

Assets are $454MM with equity of  $24MM.

The problem loan portfolio is incredible.  They have $55MM in problem loans.

It is looking like they are insolvent.

Do you think this place should be shut down.

Take a look at the website they have about 100 homes for sale, not good.

Millennium Bank Sterling Virginia

June 15, 2011

Take look at the new site

capital2risk.com

Jac a look  lost $4,340,000 in Q4 2011

This Jack A$$ss wiped out 100% of the equity in only 90 days

This is Jack Novack, he ran this disaster into the ground in record time

 Jack ‘s bank is a proud member of the “PROBLEM BANK LIST”

 Jack, you also on the under capitalized bank list 

Jack was also able to get the stock de listed

The Texas ratio is 153%

Jack lost $33,000,000 for this bank in only 3 years

Jack Novack ran this place into the ground

Maybe they should take Jack out to pasture

Millenium Bank Sterling Virginia was founded in 1999.  This place is on the verge of bankruptcy.  They are on the problem bank list and could be the worst bank in Virginia.  The Texas ratio is 153%.  The stock is delisted.

They are also on the list of under capitalized banks.  You might as well throw them on the insolvent bank list while you are at it.

Assets are $200MM with equity of $3MM.

The problem loan portfolio is $19MM.

Why is this place not shut down.

Net income was ($6MM) in FY10, ($11MM) in FY09 and ($16MM) in FY08. By the way, they also lost $708k in Q1 2011.

Millennium? They will be lucky is they make to the end of the month.

Millennium? They were able to wipe this thing out in a decade.

Do you think they might have got caught up in the real estate debacle?

First United Bank Crete Illinois

June 15, 2011

This is Michael Kazmierczak

Micheal’s bank is on the problem bank list

Michael wiped out 100 of the equity in only 3 years

Michael lost another $7,117,000 in Q4 2011

Michael wiped out 80% of the remaining equity in only 90 days in Q4 2011

I’d be bald also if I were sitting on $45,000,000 in bad loans with only $12,000,000 in equity

They were cited for weakness in management? Shocking!

First United Bank Crete Illinois was founded in 1972. They have the distinction of being on the problem bank list. They were cited for unsafe and unsound banking practices and violations of the law. violations included weakness in management, capital liquidity and earnings.. Maybe that is why the Texas ratio is 138%.

They have assets of $389MM with equity of $17MM.

Are you sitting down, they have $54MM in bad loans with $17MM in equity.

This place is bankrupt.

They should relocate to excrete Illinois

These jokers are also adept at losing money.

Net income was ($12MM) in FY10, ($8MM) in FY09 and ($5MM) in FY 08. Then again, they lost another $843k in Q1 2011

The CEO Michael Kazmierczak has done an admirable job of wiping out this place

What’s going to happen first, the CEO goes completely bald or the company goes bankrupt?

This guy wiped out 100% of the equity in 3 years.

You might want to take your cash out of this place.

Arthur State Bank Union South Carolina

June 15, 2011

J Carlisle Oxnard has done an admirable job wiping out the 78 year old bank

Check out all the property they have for sale

Arthur State Bank Union south Carolina was founded in 1933.  For some reason the aren’t on the problem bank list. Not surprising, a Texas ratio of 95% can’t even get  on the list in South Carolina these days.

Assets are $648MM with equity of $41MM

Hold on, they have $39MM in bad loans.

Give me a break, they have $39MM in bad loans with $41MM in equity and they can’t get on the problem bank list?

This place is insolvent.

Check out the website, they have 120 properties for sale.

Is this place a bank or a realtor.

It looks like J. Carlisle Oxner Jr. and J Carlisle Oxner III did a good job of wiping out a 78 year financial institution.

Can’t wait for J. Carlisle Oxner IV to take over.

They might have to start using that Confederate money.

You boys should hire Mark Sanford.

CoastalStates Bank Hilton Head South Carolina

June 14, 2011

Randy Dulyniock took $16MM in tax payer money which he can’t pay back

He lost $19MM since 2009 and racked up $44MM in bad loans

It didn’t take randy long to wipe this bank out

CoastalStates Bank Hilton Head South Carolina was founded in 2004.  It didn’t this management team long to wipe this place out. They stole $16MM in tax payer funded bailout money, which they won’t pay back.  For some reason, they are not on the problem bank list.  I guess taking $16MM from the tax payer and having Texas ratio of 95% doesn’t cut is any more in South Carolina. Believe me, this place has problems, not to mention problem loans.

Assets are $395MM with equity of $28MM.

The actual equity position is $12MM as the $16MM they took from the tax payer is debt, not  preferred stock.

The problem loan portfolio in relation to the equity position is scary.  They have $44MM in problem loans with $37MM on non accrual.

They have $44MM in bad loans and $12MM in eroding equity, that ain’t good.

This bank is insolvent.

This place is bankrupt and the equity is being propped by tax payer money.

Again, why aren’t they on the problem bank list

Net income was ($6MM) in FY10, ($5MM) in FY09.  Get this they lost another $3MM in Q1.

They lost $5MM in Q2 2011.

So how is the tax payer going to get paid back the $16MM?  They won’t

At least, the CEO Randy Dulyniock wasn’t effected.

This fat cat has done well bankrupting this place in record time, this guy hasn’t missed a meal since this thing opened.

Do you have money in this abortion?

It would be long before the equity position slides off the coast.

Alliance Bank and Trust Gastonia North Carolina

June 14, 2011

Dan Ayscue makes $156k, he wiped out the shareholders, the stock is de listed

Dan took $3MM in tax payer money which hasn’t been repaid

Dan lost the bank $6MM in the last 2 years and racked up $23MM in bad loans

It doesn’t look like Dan is starving

Alliance Bank and Trust Gastonia North Carolina was founded in 2004.  This place is a walking disaster but for some reason they are not on the problem bank list, those regulators are on top of things once again.  You would think a Texas ratio of 91%, would give them adequate grounds for qualification.   By the way, the stock is delisted.

If it is any consolation, they are on the list of  banks that took tax payer money and decided to not pay it back.  They took $3MM, non of which has been repaid.

They have $216MM in assets and equity of $20MM.

The actual equity is $17MM as the $3MM of tax money is debt not preferred stock.

The problem loan portfolio is $23MM.

It looks like they have $23MM in problem loans with $20MM in equity, that is probably not a good equity position.

This place is bankrupt.

Why isn’t it closed down.

Then again, why aren’t they on the problem bank list, you got to love the quality of those regulators. Once again, they are on top of things.

Take a look at the website, they haven’t updated the financial statements since 7/09.

Maybe because they lost $6MM over the last 2 years.

They lost $998k in Q2 alone

At least the executives get well paid to bankrupt this thing out in record time.

Daniel Ayscue     made  $156k

Eric Dixon             made $118k

Mathew Triplett made $107k.

That’s good pay for wiping out the stockholders.

These guys do well for running this place into the ground in record time.

How about if you guys pay back the tax payer money you took!

I wouldn’t form an alliance with these people, nor would I bank or trust them.

Do you have money here, you might want to quickly sever that alliance.

Gastoania, how about a Gastroenterologist.

Security Savings Bank Southport North Carolina

June 14, 2011

This guy can’t be any worse than Kenneth Mabbe, losing $28MM

Kenneth must be hanging on shakedown street

Security Savings Bank Southport North Carolina was founded in 1911.  This is the definition of a zombie bank, it is on life support.  They are on the problem bank list for weaknesses in management, capital, earnings and asset quality.  It appears as if they made some bad decisions, when it came to commercial lending.  Imagine that, a bank in the south making bad commercial real estate loans.  The Texas ratio is 154%

They also qualified for the under capitalized bank list. You might as well throw them on the insolvent bank list.

Assets are $345M and equity is $15MM.

Take a look at the problem loan situation in relation to the equity base, it is comical.  This place has $50MM in bad loans with $42MM on non accrual.

With $50MM in bad loans, the $15MM in equity is going to be wiped out in no time.

This bank is beyond insolvent.

These boys are also experts at losing money.  Net income was ($18MM) in FY10 and ($10MM) in FY09.

They also destroyed 135% of the equity base in only 3 years, that takes effort.

The CEO Kenneth Mabe did a fine job at bankrupting a 100 year old financial institution. Maybe they should get rid of him!

Do you have money here? Their is not much security with this disaster.

Monarch Community Bank Coldwater Michigan

June 14, 2011

Monarch Community Bank Coldwater Michigan was founded in 1934.  This place has it all.  They took $6.5MM in tax payer funded bailout money.  The bank hasn’t even paid interest on these funds since 11/09.  They were also awarded a place on the problem bank list.  The Texas ratio is 89%.

They have $255MM in assets with $12MM in equity.

The actual equity is $6.5, as the so called preferred stock is actually tax payer funded money, that they have decided to not pay back.

The problem loan portfolio is $23MM with $20MM on non accrual.

With $23MM in bad loans and $6.5MM in equity, this place is bankrupt.

They should be closed down.

Net income was ($10MM) in FY10 and ($9MM) in FY09.

With this financial performance how are they going to pay back the tax payer?  They can’t.

This bankrupt entity is being propped up buy tax payer funds.

At least the executives are paid well for bankrupting a 77 year old financial institution.

Donald Denny               made $105k

Richard Devies             made $140k

Andrew von Dorian   made $107k

That is good pay for destroying 500% of the equity.

This place is a Monarch all right, they inherit government money which they don’t have to pay back.

First City Bank Fort Walton Beach Florida

June 14, 2011

First City Bank Fort Walton Beach Florida was founded in 1945.  They have a well deserved place on the problem bank list.  The bank engaged in unsafe and unsound banking practices and committed violations of the law.  Also, management practices were detrimental to bank and jeopardized deposits.  The company also performed hazardous lending and were operating in violation of law.  Maybe this management team should be incarcerated?  The Texas ratio is 285% and climbing.

They have assets of $282MM and equity of $8MM.

The problem loan portfolio in relation to what is left of the equity base, is staggering.  They have $29MM in bad loans.

This bank is bankrupt.

They should be shut down.

Net income was ($7MM) in FY10, ($6MM) in FY09 and ($4MM) in FY08

The company forgot to post financial statements or tell you who the management team  is on the website.

I guess when you wipe out 188% of the equity, you may want to lay low.

The one thing they do have is 24 vacant lots for sale.

Do you have money in Last City Bank?

Tennessee State Bank Pigeon Forge Tennessee

June 13, 2011

Check out the new site

capital2risk.com

This is Todd Proffit, he is the clown in the middle

Todd got this disaster on the problem bank list

Todd has $67,000,000 in bad loans with only $57,000,000 in equity

Todd your bank is F$$ing bankrupt

Todd Prof$$tt that is a FU$$Kiing oxymoron

Todd is sitting on $73,000,000 in junk loans, that ain’t pigeon shit

The fat bald slob on the left is Scott Henry, even Dolly wouldn’t touch this guy

R Scott Henry, can you get a bigger fatter head than this

This Wayne Ayers he is on the board of this bankrupt disaster

It looks like a pigeon took s shit on his head

This bank is bankrupt and is on the problem bank list

 


Tennessee State Bank Pigeon Forge Tennessee was founded in 1972.  The place is sitting on the problem bank list.  These clowns really loaded up on the real estate.  The Texas ratio is 103%

Assets are $765MM with equity of $57MM.

$73,000,000 in Shit loans “banking at it’s best”

The problem loan portfolio is immense.  They have $73MM in bad loans with $61MM on non accrual.

Having $73MM in bad loans supported by $57MM in equity is a problem.

This place is insolvent and should be closed.

Take a look at the vacant land they have for sale, are you sitting down, they have about 100 vacant lots for sale. Who in their mind finances vacant land for spec. houses? Apparently, these dopes do.

This thing is a disaster, what is this place going to cost the tax payer?

Their motto is “banking at it’s best”, they want to change that to “banking at it’s worst”

You can’t make this up, the CEO is named Todd Proffitt, the only one making a profit is Todd. He did a prophetic at job running this place into the ground.

What is a Pigeon Forge?

This town is home to the Titanic Museum, Tennessee State Bank sunk faster than the Titanic did.

You are not going to believe this, it is also home to Dollywood.

She would get along well with the bimbo’s running this bank.

Her two assets are worth more than those 100 vacant lots combined.

Michigan Commerce Bank Ann Arbor Michigan

June 13, 2011

Michigan Commerce Bank Ann Arbor Michigan was founded in 1990. This place is a piece of work, you can’t even make this up.  They are on the problem bank list for unsafe and unsound commercial real estate lending.  The Texas ratio is 202%, this could be the worst bank in the state.

They are also on the list of under capitalized banks which is an even bigger achievement.   They are definitely a contender for the insolvent bank list. The tier 1 risk based capital ratio is 3.88%, slightly less the 8% target.

Assets are $844MM with equity of $19MM.

The problem loan situation is comical.  They have $149MM in problem loans with $131MM on non accrual.  They have $10MM in construction loans on non accrual, that alone could wipe out the remaining equity.

With $19MM in equity and $149MM in problems, this disaster is beyond insolvent.

Why hasn’t this place been shut down?

Check out the net income, income is the operative word.  Net income was ($73MM) in FY10 and ($50MM) in FY09.

For some reason the forgot the post the financial statements or tell you who the management team is on the website.

The one thing this place does have is a boat load of real estate for, they are better off converting from a bank to a real estate broker.

They might want to drop the word Commerce from their name, that isn’t their strong point.

If I were a customer, I won’t doing much commerce with this zombie.

MBank Gresham Oregon

June 13, 2011

Take a look at the new site

capital2risk.com

This is Rex Brittle, he runs the worst bank in the state

Rex lost over $2,000,000 in Q4 2011 alone wiping out 30% of the remaining equity

Rex is sitting on $13,000,000 in bad loans

This bank is rated as a 1 which is the worst rating

Is Rex looking after your money?

Rex means king in Latin, Rex is the king of making bad loans 

Rex Brittle runs the worst bank in Oregon, they are on the problem bank list

They like to engage in unsafe and unsound lending

MBank Gresham Oregon was founded in 1995.  They are probably the worst bank in Oregon.  They have earned a spot on the problem bank list, having been citied with a cease and desist order for unsafe and unsound lending practices.  The Texas ratio is 189%.

They also have the distinction of being on the under capitalized bank list. If there were an insolvent bank list, they would be on that also.

The assets are $206MM with $7MM in equity.

The problem loan portfolio in relation to the equity position is incredible.  They have $30MM in problem loans, with $28MM on non accrual.

Do you think $7MM in equity is enough to support $30MM in bad loans.

You probably can’t get more insolvent than this place.

Net income was ($3MM) in FY10, ($12MM) in FY09 and ($1MM) in FY08.   They lost another $832k in Q1 2011.  The bank lost another $2MM in Q2.

This management team wiped out 190% of the equity in 3 years and the equity erosion continues.

They may want to take a look at the operating leverage.  With $6MM in net income and $7.6MM in overhead, this cost structure is not working.

This thing is on the verge of extinction, why hasn’t it been closed down.  Maybe the regulators are letting the management team run this place into the ground on their own.

Jasper Banking Company Jasper Georgia

June 13, 2011

Take a look at the new site

capital2risk.com

This is Paul Neely, wiped out this bank

This is Paul Neely he wiped out 82% of the equity in only 3 years

Paul is about to bankrupt a 66 year old bank

Paul is sitting on $47,000,000 in bad loans

Is this dope watching your money?

This is Marvin Chance, the CFO, he was instrumental in destroying this bank.

Would you take a chance with risking your money, with Marvin?

Here is the board of directors, these clowns approved all this ignorance

Jasper Banking Company Jasper Georgia was founded in 1945. For some reason, this abortion is not on the problem bank list.  One would think with a Texas ratio of 303%, they should be well qualified.

Fortunately, they were able to qualify for the under capitalized bank list. Not hard to do when you have no equity.  They would definitely be approved for the insolvent  bank list.

The assets are $255MM with equity of $11MM.

The problem loan portfolio is $47MM, with $30MM on non accrual.

Do you think this thing is bankrupt?

They lost another $1.4MM in Q2.

The CEO Paul Neely, was instrumental in wiping out 82% of the shareholders equity in the  last 3 years, let alone bankrupting a 66 year old financial institution.

You might want to take your money out of this impending implosion.

First Cherokee Bank Woodstock Georgia

June 13, 2011

First Cherokee Bank Woodstock Georgia was founded in 1989.  This thing is a piece of work.  They  are on the problem bank list for basic incompetence. The Texas ratio is 306%. Do you think this place is bankrupt?

They also have the dubious distinction of  being on the under capitalized bank list.  While we are at it, they should be put on the insolvent bank list.

Assets are $254MM with equity of $6MM.

Check out the problem loan situation in relation to the equity. They have $30MM in bad debt with $25MM on non accrual.

Take a look, they have $22MM of non accrual construction loans.

This place is beyond bankrupt.

Net income was ($5MM) in FY10, ($9MM) in FY09, ($6MM) in FY08, hold on they lost another $2MM in Q1 2011

Hold on, this disaster lost another $6MM in Q3 2011, whereby wiping out 75% of the remaining equity.

This place could be history by year end.

At this rate, it shouldn’t be long until they are wiped out.

For some reason, they don’t want to post the financial statements or tell you who the management team is.

I guess when you destroy 120% of the equity, you probably don’t want your name associated with this disaster.

Fidelity Bank of Florida Merritt island Florida

June 12, 2011

This disaster has $55,000,000 in junk loans with only $17,000,000 in equity

This piece on sh$$t is bankrupt

Do you have money in this disaster?

Fidelity Bank of Florida Merritt Island Florida was founded in 1990.  The company is on the problem bank list, that may be why the Texas ratio is 156%.

They are also on the list of under capitalized banks.  You may as well put them on the insolvent bank list, while you are at it.

They have assets of $378MM and equity of $14MM.

The problem loan portfolio in relation to the equity position is staggering.  They have $70MM in problem loans with $58MM on non accrual.

So, they have $70MM in problem loans supported by $14MM in equity.

This disaster is beyond insolvent.

Why haven’t they been shut down, maybe because the FDIC is insolvent.

Net income was ($7MM) in FY10, ($7MM) in FY09, they also lost another $3MM in Q1 2011.

It shouldn’t be long before the equity position is washed out with the tide.

For some reason the don’t post the financial statements or tell you who the management team is on the website.

“Fidelity” would you trust this place with your money.

It is scary when the only relevant information on the website is the real estate they have for sale.

Any predictions when this thing is bankrupt?

First Peoples Bank Fort Saint Lucie Florida

June 11, 2011

David Skiles makes $199k  to wipe out this bank

He got them on the problem bank list for unsafe commercial real estate lending

David took $5.6MM of you tax payer bailout money, which he can’t pay back

David hasn’t even paid intrest on these funds since 10/09

David also got this place on the under capitalized bank list

He wiped out 233% of the equity in only 3 years

This guy is one savvy banker

First Peoples Bank Fort Saint Lucie Florida was founded in 1999.  The company is on the problem bank list for unsafe and sound banking practices and incompetent commercial real estate lending.  They were also cited for weakness in management, capital, earnings and asset quality.  The Texas ratio is 196%.

The bank took $5.8MM in tax payer funded bailout money, which it has decided to not pay back.  As a matter of fact, they haven’t even paid interest on these funds since 10/09.  That is a pretty good deal from the tax payer.

The are also on the list of under capitalized banks.  Their tier 1 risk based capital levels are 38% of the required amount, that is not good.

They have $232MM in assets and $6MM in equity.

However, the $5.8MM in tax payer funded bailout money is actually debt not preferred stock as they are calling it.

This disaster effectively has no equity, that $6MM in so called “equity”, is tax payer funding being used to prop up this insolvent institution.

The bank has $17MM in problem loans, of which $14MM are on non accrual.

With $17MM in problem loans and $6MM in equity, this thing is bankrupt.

Why hasn’t this shipwreck been closed.

Net income was ($7MM) in FY10, ($4MM) in FY09 and ($3MM) in FY08.

How are they going to pay back the tax payer? They are not.

The one thing they did do was wipe out 233% of the equity in the last 3 years.

They also ran the stock price into the ground, as it is now delisted and trading for 12 cents a share.

At least the executive compensation was not compromised for destroying this company.

David Skiles       “earned”   $199k

Marge Riley       made         $129k

William West     made         $124k

Nancy Aumuch  made       $113k

That is good pay for bankrupting a financial institution.

So David Skiles pays himself but won’t pay back the tax payer. He runs the stock price into oblivion and bankrupts the company. This guy is savvy.

Do you have money in this zombie bank?

Affinity Bank Atlanta Georgia

June 10, 2011

Take a look at the new site

capital2risk.com

This clown lost $7,466,00 in Q4 2011, this bald A$$hole wiped out 92% of the remaining equity in 90 days

Ronnie is sitting on $28,000,000 in junk loans with only $9,900,000 in equity


This is Ronnie Auston, the guy who bankrupted this place

Ronnie’s bank is one of  the worst capitalized banks in the country

No wonder this guy is bald

Hopefully that is not his wife

The efficiency ratio is 250%, this idiots lose money just opening up the doors

ROE is (70%) this clown is one savvy banker

Ronnie got this disaster on the under capitalized bank list.

Ronnie doesn’t seem very worried running this place into the ground.

This ED Conney, the President, this idiot lost $22,000,000 for the bank and wiped out 90%  in only 90 days

ED, nice greasy head

Ed how much more F$$ing money are you going to lose in Q4

Thanks to Ed, the Texas ratio is 129%, making it one of the worst banks in the state.

Ed, this place should by bankrupt by year end.

This is Chip Nelson, Chief Credit Officer

This the clown that made all the bad loans!

Do you wonder why Chip has no hair, because he made $28,000,000 in bad loans, which will bankrupt this disaster


With a Texas ratio of 129%, Chip has an affinity for making bad loans.

Affinity Bank Atlanta Georgia was founded in 2002.  For some reason they are not on the problem bank list, I am not sure why, they certainly deserve a spot.  The Texas ratio is 129%, I guess that is not bad for Georgia.  I am sure if they keep losing, the regulators can find a spot for them.

Fortunately, they are on the list of under capitalized banks.  Once the rest of the capital gets wiped out, they might qualify as a problem bank. Those regulators are on top things as usual.

The bank lost $7MM in Q3 wiping out 90% of the equity is 90 days to $9MM, they could be bankrupt by year end

They have $630MM in assets with $9MM in equity.

The problem loan portfolio is $28MM with $22MM on non accrual.

With $28MM in bad loans and $22MM equity, the situation is not good.

Net income was ($10MM) in FY10, ($8MM) in FY09 and ($4MM) in FY08.

So they have an affinity for making bad loans and losing money, stellar combination.

It didn’t take CEO Ronnie Auston long run this place into the ground.

They should change the name to infinity, reflecting how long the loses will continue for.

Take your money out of this bankrupt entity.

The FDIC is bankrupt.

Ronnie Auston has an affinity for losing money and making bad loans.

Bank of Elk River Elk River Minnesota

June 10, 2011

Bank of Elk River Elk River Minnesota was founded in 1885.  The company is on the problem bank list.  It was essentially cited for having incompetent management.  That is probably why the Texas ratio is 98%.

The bank also has the distinction of being on the under capitalized bank list. That is not a good list to be on.

They have assets of $417MM and equity of $31MM.

The problem loan portfolio in the relation to the equity base is impressive.  They have $41MM in problem loans with $38MM on non accrual.

This place is looking bankrupt.

How come they are not shut down.

For some reason, they forgot to post their financial statements or tell you who the management team is.  Looks like these guys are in hiding, looking at this disaster, I can’t blame them.

It must be tough to show your face in town after destroying a 126 year old financial institution.

Do you have money in this bank, it soon might be floating down the Elk River.

AmericanWest Bank Spokane Washington

June 10, 2011

AmericanWest Bank Spokane Washington was founded in 1977.  The bank is on the problem bank list as it entered into a cease and desist agreement.  They were cited for using unsafe and unsound banking practices.  The bank has weakness in management, capital, assets quality and earnings.  The order stated that management was detrimental to the bank.  The stock was delisted.

They have assets of $1.6B and equity of $191MM.

This management team is great at losing money. Check this out, net income was ($28MM) in FY10, ($62MM) in FY09 and ($155MM) in FY08.

Wow, that is $245MM in 3 years, these guys are good.

They might want to figure out the cost structure.  In FY10, they have $53MM in income with $83MM of overhead, that might explain the losses.

The efficiency ratio is 120%.

Take a look at the real estate they have for sale, this place likes to finance vacant land.

Community Bank of Broward Dania Beach Florida

June 10, 2011

Community Bank of Broward Dania Beach Florida was founded in 2002.  For some reason, they are not on the problem bank because they should be.  I guess because the Texas ratio is only 100%, which isn’t bad for Florida.

They have $484MM in assets and $39MM in equity.

The problem loan portfolio is incredible in relation to the equity position.  They have $56MM in problem loans with $53MM on non accrual.

With $39MM in equity and $56MM in problem loans, this thing is insolvent.

Why aren’t they on the problem bank list, I think they have some problems.

The CEO Bruce Kier did a good job in wiping this thing out in record time.

It won’t be long until this shipwreck slides into the Atlantic.

Do you trust these pirates with your money?

Truman Bank St Louis Missouri

June 10, 2011

The bank is looking for a new CEO, how about this guy

Truman Bank St Louis Missouri was founded in 1988.  The Texas ratio is 168%, this could be the 2nd worst bank in the state.  Why aren’t they on the problem bank list?  This thing has serious problems.

Assets are $363MM and equity is $30MM.

The problem loan portfolio is incredible.  They have $70MM in problem loans with $56MM on non accrual.  It gets even more devastating, there are $23MM in residential construction loans on non accrual, this alone will wipe the bank out.  They also have $11MM in commercial construction loans on non accrual.

They have $70MM in problem loans and $30MM in equity.

This place is bankrupt.

Why aren’t they shutdown?

Then again, why aren’t they on the problem bank list?  Those regulators have it figured out.

They forgot to post the financial statements on the website and neglected to tell who the CEO is or whom the management team is.

The management team must have the St. Louis blues.

Looks like the buck did stop here.

This is the show me state, they aren’t showing the money.

This place will soon be floating down the river.

I think Harry S might want his name removed from this train wreck.

Southport Bank Kenosha Wisconsin

June 9, 2011

Here is the new site

capital2risk.com

Check out Mike this clown doesn’t have a hair on his head but he has pubic hair rapped around his face?

Mike kicks it down with hazardous lending, and violating bank law

This kinky bankster likes to engage in practices that are detrimental to the bank

Not sure who gets bend over Mike or the customer?

Mike is smiling for some reason

Mike when you have $35,000,000 in bad loans, things aren’t good

This clown is on the problem bank list and he is smiling?

Mike the efficiency ratio is 89%, you lose money just opening up the doors

Check out the ROE (47%), he is one savvy bankster

Mike Falbo is the head of this train wreck

Why is Mike smiling?  Because he gets off on hazardous lending, violating bank rules and engaging in management practices that were detrimental to the bank!

When your this bald, you probably don’t want to be sporting pubic hair on your face, cease and desist.

Southport Bank Kenosha Wisconsin was founded in 1999.  Get a load of this disaster.  They are on the problem bank list. They were given a cease and desist order for engaging in unsafe and unsound banking practices.  The management practices were detrimental to the bank, that’s not good. The board failed to supervise.  They engaged in hazardous lending and were violating banking rules and regulations.  These guys were good, the Texas ratio is 100%.

The assets are $322MM with equity of $20MM.

Hire this cat as CEO, can’t be worse the bald slob Mike, he actually has hair!

The problem loan portfolio is impressive, with $35MM in bad loans and $34MM on non accrual, that’s a good effort.

With $35MM in bad loans and $20MM in equity, I am thinking the equity is wiped out.

If they actually wrote the bad loans down to what they are worth, the remaining equity would probably be history.

Take a look at the website, the forgot to post the financial statements or tell you who the management team is.

I am not sure I would trust this disaster.

This isn’t Iowa but it’s close, her husband looks gay

The one thing they do have on the website is the list of real estate for sale, there is no shortage.

The list is incredible, they have some scary looking real estate for sale, loads of vacant, broken down properties and a plethora of vacant land.

It didn’t take this team long to bankrupt this place.

The name is appropriate, this thing is heading south.

Do you have money in this thing?

It is an unmitigated disaster.

First Bank and Trust New Orleans Lousiana

June 7, 2011

This is Joseph Canizaro, he got this place on the problem bank list

He wiped out 37% of the equity in one year

Look at all the real estate they have for sale, Joseph likes to finance vacant lots

First Bank and Trust New Orleans Louisiana was founded in 1991.  They are on the problem bank list for unsafe and unsound lending relating to management, asset quality earnings and capital, that pretty much covers everything.  The Texas ratio is 79%.

The company has assets of $782MM and equity of $55MM.

The problem loan portfolio is bigger than a BP oil slick.  They have $71MM in bad loans with $51MM on non accrual.

So, they have $71MM in bad loans with only $55MM in equity?

This thing is looking fairly insolvent.

This management team is good, they were able to wipe out 37% of the equity in only year!  And you have to think they were at Mardi Gras for a few weeks.

You know there are issues when on the front page of the website, they feature real estate for sale.

Take a look at all the vacant lots they have for sale, it looks like the aftermath of Katrina.

First, I would not bank or trust with this place.

Do you have money in this disaster?

The Viking Bank Seattle Washington

June 7, 2011

This Patrick Raymond he is the CEO who bankrupted this place

This clown is sitting on $35,000,000 in bad loans and only $20,000,000 in equity

BANKRUPT!

Why is this joker smiling, he wiped out 30% of the equity in Q3 alone


The Viking Bank Seattle Washington was founded in 1992.  For some reason they are not on the problem bank list, believe me, this place has problems.  The Texas ratio is a staggering 130%.

They have assets of $434MM and $25MM in equity.

The problem loan portfolio is impressive.  They have $49MM in problem loans, with $47MM on non accrual. Wow 96% of the portfolio is on non accrual, that’s not good. It gets better, they have $18MM in construction loans that are on non accrual.  That will bankrupt this place.

Hold on, they have $49MM in problem loans, with $25MM in equity, this bank is beyond bankrupt. This thing is on the verge of sliding into the Pacific.

Why aren’t they at least on the problem bank list, those regulators are a savvy group.

They lost $3.8MM in Q2, the equity position is down to $22.7MM.

The bank lost another $6MM in Q3, or 30% of the remaining equity.

They have $40MM in problem loans and $20MM in equity

Patrick Raymond is the CEO who ran this place into the ground, a true Viking.

These Vikings did a great job of raiding the equity position, they wiped out 38% of the equity in one year!  That’s how you loot the stockholders and rape the portfolio.

This is a great name for this place, they raid, loot and rape the customers and investors and they did it without spears and swords

Maybe these Vikings don’t know how to lend but they do know one thing, the best way to rob a bank is to own one!

American Bank St Paul Minnesota

June 6, 2011

American Bank St Paul Minnesota was founded in 1972.  The Texas ratio is through the roof at 87%.

The company has assets of $469MM and equity is $27MM.

They have problem loans of $32MM, $25MM of which are on non accrual, this alone could destroy the remaining equity position.

With $32MM in bad loans and $27MM in equity, this bank is insolvent.

Take a look at the website, they don’t post financial statements, tell who the CEO is or who management team are.

Net income was ($7MM) in FY10, ($27MM) in FY09 and ($12MM) in FY08.

I guess with this kind of financial performance, I’s be keeping a low profile also if I were them.

They did a good job of wiping out the equity position by 132% in only 3 years.

Do you bank with this place, it could be a long winter.

Coconut Grove Bank Miami Florida

June 3, 2011

Coconut Grove Bank Miami Florida was founded in 1962.  The company is on the problem bank list.  The Texas ratio is 65%.

They have $602MM in assets and $65MM in equity.

The problem loan portfolio is $32MM with $30MM on non accrual.

The $30MM in non accrual could easily wipe out 50% of the remaining equity position.

Net income was ($4MM) in FY10, ($6MM) in FY09.

They lost another pretax $4MM in Q1 FY11.

Check out the news section on the webite, there is none.

Here is some news, this thing is almost insolvent.

Things don’t look good in the coconut grove.

Pacific Mercantile Bank Costa Mesa California

June 2, 2011


This is Raymond Dellerba, this clown get paid $868,000 a year to lose $43MM in 3 years

The bank is on the problem bank list, everybody loves Raymond?

This bald bankster is sitting on $45,000,000 in junk loans

Raymond, you Ahole, you wiped out your shareholders

The efficiency ratio is 84%, this idiot loses money just opening up the doors

The Texas ratio is 48%, this is one of the worst banks in CAL

Raymond, you get paid good to bankrupt this place

Take your money out of this bankrupt disaster

How is the capital augmentation effort going Raymond?

Do you think this fat slob bankster has ever missed a meal?

Pacific Mercantile Bank Costa Mesa California was founded in 1999.  The company is on the problem bank list.

The women in cal are all over this guy

The only thing being augmentated with this guy are his 3 chins

The problem loan portfolio is huge.  They have $44MM in problem loans, $38MM of which are on non accrual.

They have $1B in assets and $63MM in equity.

So, they have $44MM in problem loans with $63MM in equity, that is not a good situation.

They are insolvent.

Why isn’t this thing closed down?

Net income was ($15MM) in FY10, ($17MM) in FY09 and ($11MM) in FY08.

They initiated a capital augmentation efforts on 2/1/11. It doesn’t look like it is going well, shocking!

At least the executives are well paid for bankrupting this place.

Raymond Dellerba             made $868k

Robert Barlett                      made $263k

Nancy Greg                           made $220k

That is good pay for running this bank into the ground and wiping out the shareholders.

Raymond makes $868k, to lose $43MM in three years and destroying 43% of the equity position.

Why isn’t anyone investing in the capital augmentation effort.

The only thing this management team augments is their salary and the bad loan portfolio. It  is not net income or shareholder value.

This thing is about to fall into the Pacific.

Norstates Bank Waukegan Ilinois

June 2, 2011

Norstates Bank Waukegan Illinois was founded in 1962.  The company is on the problem bank list for disastrous commercial real estate lending.  The Texas ratio is 88%.

The company has assets of $531MM and equity of $44MM.

The problem loan situation is phenomenal.  They have $49MM in problem loans, with $40MM on non accrual.

The bank has $49MM in bad loans with $44MM in equity.  The non accruals will wipe out the remaining equity.

This bank is insolvent.

Why are they still open?

The management team wiped out 45% of the equity in 3 years.

Net income was ($5MM) in FY10, ($28MM) in FY09 and ($2MM) in FY08

The executives are hanging in their pretty well.

Scott Yelvington       made $200k

Kerry Bigay                 made $137k

Thomas Newton       made $125k

Brett Houston           made  $133k

That is not bad for bankrupting this company.

Norstates? nor do they have any equity.

Royal Bank America Narbeth Pennsylvania

June 2, 2011

James Mgswiggen ran this place into the ground and got them on the problem bank list

He took $30MM in tax payer funded pay out money, which they haven’t even paid interest on since 2009

With $95MM in bad loans and $36MM in equity, the tax payer is royally screwed

Hold on, he gets paid $642k which a includes country club membership and a car allowance, paid for by the tax payer

That is good pay for losing $100MM

Royal Bank America Narbeth Pennsylvania was founded in 1963.  The company is on the problem bank list as it has a cease and desist order.  They were cited for inadequate management, capital, earnings and asset quality. The Texas ratio is 99%, making it the 3rd worst bank in the state.

The bank took $30MM in tax payer funded bailout money, which they have decided not to repay.  Then again, they haven’t even made an interest payment since 5/09.

The company has $980B in assets and $66MM in equity.

The actual equity is $36MM as the $30MM in tax payer funded money is debt not preferred stock.

The problem loan portfolio is incredible.  They have $95MM in bad loans.

The bank has $95MM in bad loans with $36MM in equity?

This thing is bankrupt.

Why aren’t they not closed down.

This management team also does a great job at losing money.

Net income was ($26MM) in FY10, ($39MM) in FY09 and ($38MM) in FY08.

Wow, that is quite a performance, $103MM in losses.

They lost another $5MM in Q2 2011.

Luckily, the executive compensation hasn’t been hindered.

Robert Tabas            made $372k

James Mgswiggen   made $642k

Murray Stampal       made  $324k

Robert Kuel               made $200k

Don’t worry this pay includes $12k for car allowances, $5k  country club fees and directors fees.

That is good money for taking $30 MM from the tax payer, not paying it back and not even paying interest.  They also lost $100MM, racked up $139MM in bad loans and bankrupted the company.

James is Mgswiggen top shelf making $642k a year, while he destroyed this bank.

Is this your bank?

This place is a royal disaster.

Premier West Bank Medford Oregon

June 1, 2011

Premier West Bank Medford Oregon was founded in 1990.  The company is on the problem bank list for unsafe and unsound banking practices most notably, weaknesses in management, capital, asset quality and earnings.  The Texas ratio is 97%, making it one of the worst banks in the state.

The company took $41MM in tax payer funded bailout money which they have neglected to return.  Then again, they haven’t paid interest on these funds since 8/09. Not bad, a bank takes money from the tax payer, doesn’t pay it back and then doesn’t even pay interest on it?

They have $1.4B in assets with $88MM in equity.

The actual equity is $47MM as the $41MM in so called preferred stock is really debt not equity as the government is calling it.

The bad loan portfolio is incredible.  They have $163MM in bad loans, with $156MM on non accrual.

Take a look, this bank has $163MM in bad loans with $41MM in equity.

Check this out, they have $48MM in non accrual construction loans and $28MM in non accrual developement loans.

This team is savvy, they made $76MM in bad construction loans. That alone will wipe out the remaining equity.

They are beyond bankrupt.

Why aren’t they shut down?

Net income was ($3MM) in FY10 and ($144MM) in FY09.

How are they going to pay the tax payer back it’s $41MM? They can’t.

Fortunately, the executives got paid well to destroy this bank.

James Ford             made   $299k

Tom Anderson       made $278k

Michael Fowler      made $177k

James Danielson    made $186k

William Yorbenet  made $188k

Wow, that is good money to lose $147MM in two years, make a $163MM in bad loans, steal $41MM in tax payer money and bankrupt the company.

Let alone, wiping out the stockholders.

Who is better than these guys.

This management team is Premier!

This group needs a raise for this performance.

How about more stock.

So James Ford, how are you going to pay back $41MM?

Do you have money in this premier disaster? Call James Ford, he has no clue.

James Ford should be in jail for stealing your money, while he pays himself.

This guy is a white collar criminal.

Why rob a bank when you can own one  quote, “James Ford”

You might want to take your money out of this “premier” institution.

Mountain National Bank Sevierville Tennessee

June 1, 2011

Take look at the new site

capital2risk.com

This is Dwight Grizzel, he got this place on the problem for unwise commercial real estate lending practices

This one of the the worst banks in the state

He gets paid $393k to make $107MM in bad loans

Have you seen this guy around town?

He lost another $5MM in Q3 2011 wiping out another 18% of the remaining equity, this guy is one savvy banker

National Bank Sevierville Tennessee was founded in 1998.  The company is on the problem bank list, looks like they made some unwise decisions in the commercial real estate lending arena.

The stock is delisted and the Texas ratio is 109% one of the worst in the state.

They have $567MM in assets with $28MM in equity.

The problems loan situation in relation to the equity position is phenomenal.  They have $107MM in problem loans, with get this, $100MM on non accrual.

They have $107MM in bad loans with $45MM in equity.

The bank is insolvent.

Why isn’t this place shut down?

Well at least they have more people in special assets than in lending.

This place is a zombie bank.

At least the executive pay hasn’t been compromised for running this thing into the ground.

Dwight Grizzell    made   $393k

Grace McKenzie   made $409k

Michael Brown     made $256k

That’s great pay for destroying a company, at least the compensation includes car allowances and insurance.

So, the executives made a $1MM and the whole company made $241k in FY10. Dwight Grizzell paid himself more than he made for the company!

The shareholders he wiped out should be happy.

With this kind of pay Dwight is not eating the grizzle.

Dwight Grizzel is a criminal, this abortion should be in jail

Do have money in this train wreck?

Better run for the mountains.

They haven’t filed a financial statement on the website since 6/10, well they blew through 33% of the equity since then.

McIntosh State Bank Jackson Georgia

May 29, 2011

McIntosh State Bank Jackson, Georgia was founded in 1964.  This place is a disaster.  They are on the problem bank  list for incompetent commercial real estate lending based on their cease and desist order.  The stock is delisted

The Texas ratio is, check this out 696%, can’t get much higher than that. They are one of the worst banks in Georgia and that is saying a lot.

They are so under capitalized it is amazing, tier 1 risk based capitalization is 2.54%, making them one of the worst in the country.  That is slightly below the 8% target!

The company has assets of $341MM with equity of, get this $7MM?

The problem loan situation is incredible, they have $74MM in problem loans.

The bank has $74MM in problem loans with $7MM in equity.

William Malone the CEO has wiped the equity position out by 400% in 3 years.

Net income was ($12MM) in FY10, ($8MM) in FY 09 and ($7MM) in FY08.

They might want to start printing Confederate money.

Do you think this place is bankrupt?

At least the execuitves haven’t had to suffer for distroying this bank.

William Malone     made $358k

Thomas Willis        made $325k

James Doyle           made $156k

That is good pay for wiping out a company.

William Malone you have a good gig, they pay you $358k to rack up $27MM in losses, destroy 400% of the company equity and book $74MM in bad loans.

This guy has it made.

Looks like the apple doesn’t fall far from the tree.

They have not posted a financial statement on their website since 2009.

Take a look at the website, when the first thing you see is real estate for sale, that is a problem.

Check out how much vacant land they have for sale. Phenomenal.

This thing is a train wreck.

Is this your bank?

Heritage Bank Jonesboro Georgia

May 29, 2011

Heritage Bank Jonesboro Georgia was founded in 1955.  They are on the problem bank list after signing a consent order for essentially pathetic commercial real estate lending.  The stock is delisted.  The Texas ratio is 191%, ouch.

They are also on the list of under capitalized banks with tier1 risk based capital of 7.75%.

They have assets of $394MM and equity of $18MM.

The bank has $43MM in problem loans.

With $18MM in equity and $43MM in problem loans, this place is insolvent.  The non accrual of $24MM alone will wipe them out.

Why isn’t this thing shut down.

The management team destroyed 89% of the equity in 3 years.

Check out the real estate for sale on the website.  This place likes to finance vacant land.

They have forgotten to post the financial statements since 2007.

They have not posted news since 2009.

Here is a news flash, they are bankrupt!

Do you have money in this place?

They have a heritage of making bad loans.

They are Jonesing for cash in this boro.

Need that cash to feed that jones.

Legacy Bank Boca Raton Florida

May 28, 2011

Legacy Bank Boca Raton, Florida was founded in 2006.  That was a smart time to open up a bank.  For some reason, they are not on the problem bank.  The problem loan list is very competitive in Florida.  It is probably because the Texas ratio is only 56%.  Believe me, this place has problems.

They have $333MM in assets with $24MM in equity.

Check out the problem loan portfolio.  They have $50MM in problem loans, with $25MM on non accrual.

The bank has  $50MM in bad loans with $25MM in equity?

This place is bankrupt.

Why aren’t they shut down?

Why aren’t they on the problem bank list.

At least they are on the list of under capitalized banks.

Is this your bank?

Their legacy  is wiping this bank out in record time.

PrimeSouth Bank Blackshear Georgia

May 28, 2011

PrimeSouth Bank Blackshear Georgia was founded in 1891.  For some reason they aren’t on the problem bank list.  That is probably because the Texas ratio is only 96%.  Becoming a problem bank in Georgia is very competitive these days.

They have assets of $421MM with equity of $32MM.

The problem loan portfolio is incredible at $36MM, with $32MM on non accrual.

With $36MM in problem loans and $32MM in equity, this place is insolvent.

Why isn’t this bank closed down?

Then again, why aren’t they on the problem bank list?

For some reason, they don’t like to publish the financial statements on the website or tell you who the management team.  With this financial performance, I would be in hiding also.

Do you have money in this bank?

This bank is primed to go south.

Gwinnett Community Bank Duluth Georgia

May 28, 2011

Check out the new site!

capital2risk.com

is is Thomas Martin, he runs one of the worst banks in the country, he we was cited for hazardous lending?

This fat cat lost $3,746,000 in Q4 2011 alone

Thomas Martin wiped out 18% of the equity in the last 90 days

This fat slob is sitting  $100,000,000 in junk loans, with only $17,000,00 in equity

Is this a ponzi scheme?

Gwinnett Community Bank Duluth Georgia was founded in 1999.

This is Tom Martin

The company is on the problem bank list, as it entered into a cease & desist order with the FDIC.  The were cited for engaging in unsafe and unsound lending practices and violations of the law!  The bank has inadequate management, capital and earnings as well as practicing hazardous lending. Maybe that is why the Texas ratio is 277%.

This bankster is not going hungrey

Do you think the Martin’s should be replaced?  It didn’t take long for the Martin’s to run this place into the ground.  Maybe the Martin’s should be in jail for hazardous lending practices and violations of the law!

This cat should be CEO, can’t dumber than the Martin’s


The bank has $507MM in assets and $20MM in equity.

The problem loan portfolio is staggering in relation to the equity position.  They have $67MM in bad loans with $52MM on non accrual.

With $99MM in problem loans and $17MM in equity, this place is bankrupt.

Why hasn’t this bank been shut down?

They are also under capitalized, with tier 1 risk based capitalization of 7.17%

For some reason they don’t want to post the financial statements on the website, I guess with numbers this bad, I wouldn’t either.

Are you letting the Martin’s have your money? They bankrupted this place

This is one of the worst banks in the country.

FEDERAL DEPOSIT INSURANCE CORPORATION
WASHINGTON, D.C.
_____________________________________
)
In the Matter of
GWINNETT COMMUNITY BANK
DULUTH, GEORGIA
(Insured State Nonmember Bank)
)
)
ORDER TO CEASE AND DESIST
FDIC-09-223b
)
)
)
)
_____________________________________ )
GWINNETT COMMUNITY BANK, DULUTH, GEORGIA (“Bank”), having been advised of its right to a NOTICE OF CHARGES AND OF HEARING detailing the unsafe or unsound banking practices and violations of law and/or regulations alleged to have been committed by the Bank and of its right to a hearing on the alleged charges under section 8(b)(1) of the Federal Deposit Insurance Act (“Act”), 12 U.S.C. § 1818(b)(1), and having waived those rights, entered into a STIPULATION AND CONSENT TO THE ISSUANCE OF AN ORDER TO CEASE AND DESIST (“CONSENT AGREEMENT”) with a representative of the Legal Division of the Federal Deposit Insurance Corporation (“FDIC”) and the Commissioner (the “Commissioner”) for the State of Georgia, Department of Banking and Finance (the “Department”), dated August 28, 2009, whereby solely for the purpose of this proceeding and without admitting or denying the alleged charges of unsafe or unsound banking practices and violations of law and/or regulations, the Bank consented to the issuance of an ORDER TO CEASE AND DESIST (“ORDER”) by the FDIC and the Commissioner. The Commissioner may issue an order to cease and desist pursuant to Official Code of Georgia Annotated § 7-1-91 (1985).
The FDIC and the Commissioner considered the matter and determined that they have reason to believe that the Bank has engaged in unsafe or unsound banking practices and has
committed violations of law and/or regulations. The FDIC and the Commissioner, therefore, accepted the CONSENT AGREEMENT and issued the following:
ORDER TO CEASE AND DESIST
IT IS HEREBY ORDERED, that the Bank, its institution-affiliated parties, as such term is defined in section 3(u) of the Act, 12 U.S.C. § 1813(u), and its successors and assigns cease and desist from the following unsafe or unsound banking practices and violations of law and/or regulations:
(a) Operating with a board of directors (“Board”) that has failed to provide adequate supervision and direction to the management of the Bank;
(b) Operating with inadequate management whose polices and practices are detrimental to the Bank and jeopardize the safety of its deposits;
(c) Operating with inadequate equity capital in relation to the volume and quality of assets held by the Bank;
(d) Violating regulations described on pages 9 and 10 of the FDIC Report of Examination dated February 23, 2009 (“Report”);
(e) Operating with an excessive volume of adversely classified and special mention assets;
(f) Operating with an inadequate allowance for loan and lease losses (“ALLL”);
(g) Operating with an ineffective loan review and grading program;
(h) Operating with inadequate loan policies and following hazardous lending practices;
(i) Operating with inadequate liquidity and funds management in light of the Bank’s asset and liability mix;
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(j) Operating with a business strategy that has resulted in unprofitable operations and poor asset quality; and
(k) Operating with inadequate policies and procedures to monitor and control risks associated with concentrations of credit in the Bank’s loan portfolio.
IT IS FURTHER ORDERED, that the Bank, its institution-affiliated parties, and its successors and assigns take affirmative action as follows:
DIRECTORS
1. (a) Immediately upon the effective date of this ORDER, the Board shall increase its participation in the affairs of the Bank, assuming full responsibility for the approval of sound policies and objectives and for the supervision of all of the Bank’s activities, consistent with the role and expertise commonly expected for directors of banks of comparable size. This participation shall include meetings to be held no less frequently than monthly at which, at a minimum, the following areas shall be reviewed and approved: capital adequacy; liquidity; classified and criticized assets; reports of income and expenses; new, overdue, renewal, insider, charged-off, and recovered loans; investment activity; operating policies; and individual committee actions. Board minutes shall document these reviews and approvals, including the names of any dissenting directors.
(b) Within 30 days from the effective date of the ORDER, the Board shall establish a Board committee (“Directors’ Committee”), consisting of at least five members, to oversee the Bank’s compliance with the ORDER. A majority of the members of the Directors’ Committee shall not be officers of the Bank. The Directors’ Committee shall receive from Bank management monthly reports regarding the Bank’s actions with respect to compliance with this ORDER. The Directors’ Committee shall present a report regarding the Bank’s adherence to the ORDER to the Board at each regularly scheduled Board meeting. Such report shall be recorded 3
in appropriate minutes of the Board’s meeting and shall be retained in the Bank’s records. Establishment of this committee does not in any way diminish the responsibility of the entire Board to ensure compliance with the provisions of this ORDER.
MANAGEMENT
2. Within 60 days from the effective date of this ORDER, the Bank shall have and retain qualified management.
(a) Each member of management shall have the qualifications and experience commensurate with his or her duties and responsibilities at the Bank. Each member of management shall be provided appropriate written authority from the Board to implement the provisions of this ORDER. At a minimum management shall include:
(i) A chief executive officer with proven ability in managing a bank of comparable size and in effectively implementing lending, investment, and operating policies in accordance with sound banking practices;
(ii) A chief financial officer with demonstrated ability in all financial areas including but not limited to, accounting, regulatory reporting, budgeting and planning, management of the investment function, liquidity management and interest rate risk management; and
(iii) A senior lending officer with a significant amount of appropriate lending, collection, loan supervision and loan work-out experience for the type and quality of the Bank’s loans, and experience in upgrading a low quality loan portfolio.
(b) The qualifications of management shall be assessed on its ability to:
(i) Comply with the requirements of this ORDER;
(ii) Operate the Bank in a safe and sound manner;
4
(iii) Comply with applicable laws and regulations; and
(iv) Restore all aspects of the Bank to a safe and sound condition, including, but not limited to, asset quality, capital adequacy, earnings, liquidity, management effectiveness, risk management, and sensitivity to market risk.
(c) During the life of this ORDER, the Bank shall provide written notice to the Regional Director (“Regional Director”) of the FDIC and the Commissioner (collectively, “Supervisory Authorities”) when it proposes to add any individual to the Bank’s Board or employ any individual as a senior executive officer as that term is defined in Part 303 of the FDIC’s Rules and Regulations, 12 C.F.R. § 303.101. The notification to the Supervisory Authorities shall comply with the requirements set forth in 12 C.F.R. Part 303, Subpart F. The notification should include a description of the background and experience of the individual or individuals to be added or employed and must be received at least 60 days before such addition or employment is intended to become effective. If the Regional Director issues a notice of disapproval pursuant to section 32 of the Act, 12 U.S.C. § 1831i, with respect to any proposed individual, then such individual may not be added or employed by the Bank.
CAPITAL
3. (a) Within 60 days from the effective date of this ORDER, the Bank shall develop and adopt a capital plan that requires the maintenance of Tier 1 capital in such an amount as to equal or exceed 8 percent of the Bank’s total assets and total risk-based capital in such an amount as to equal or exceed 10 percent of the Bank’s total risk-weighted assets. Thereafter, the Bank shall maintain Tier 1 capital and total risk based capital ratios equal to or exceeding 8 percent and 10 percent, respectively, during the life of this ORDER.
5
(b) Within 30 days from the effective date of this ORDER, the Bank shall develop and adopt a plan to meet the minimum risk-based capital requirements for a well-capitalized bank, as described in the FDIC Statement of Policy on Risk-Based Capital contained in Appendix A to Part 325 of the FDIC’s Rules and Regulations, 12 C.F.R. Part 325, Appendix A. The Plan shall be in a form and manner acceptable to the Supervisory Authorities as determined at subsequent examinations and/or visitations.
(c) The level of Tier 1 capital and total risk-based capital to be maintained during the life of this ORDER pursuant to this paragraph shall be in addition to a fully funded ALLL, the adequacy of which shall be satisfactory to the Supervisory Authorities as determined at subsequent examinations and/or visitations.
(d) Any increase in Tier 1 capital and total risk based capital necessary to meet the requirements of this paragraph of the ORDER may not be accomplished through a deduction from the Bank’s ALLL. For purposes of this ORDER, the terms “Tier 1 capital”, “total risk based capital”, and “total assets” shall have the meaning ascribed to them in Part 325 of the FDIC’s Rules and Regulations, 12 C.F.R. Part 325.
DIVIDENDS
4. While this ORDER is in effect, the Bank shall not declare or pay any cash dividends without the prior written approval of the Supervisory Authorities.
REDUCTION OF CONCENTRATIONS OF CREDIT
5. Within 60 days from the effective date of this ORDER, the Bank shall perform a risk segmentation analysis with respect to the Concentrations of Credit listed on the Concentrations page of the Report and any other concentration deemed important by the Bank. Concentrations should be identified by product type, geographic distribution, underlying collateral, or other asset
6
groups which are considered economically related and in the aggregate represent a large portion of the Bank’s Tier 1 Capital. A copy of this analysis shall be provided to the Supervisory Authorities. The Board shall develop a plan to reduce any segment of the portfolio which the Supervisory Authorities deem to be an undue concentration of credit in relation to the Bank’s Tier 1 Capital. The plan and its implementation shall be in a form and manner acceptable to the Supervisory Authorities.
CHARGE-OFF
6. (a) Within 10 days from the effective date of this ORDER, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “Loss” and 50 percent of all assets or portions of assets classified “Doubtful” in the Report that have not been previously collected or charged-off unless otherwise approved in writing by the Supervisory Authorities. If an asset classified “Doubtful” is a loan or lease, the Bank may, in the alternative, increase its ALLL by an amount equal to 50 percent of the loan or lease classified “Doubtful”. Elimination of any of these through proceeds of other loans made by the Bank is not considered collection by purposes of this paragraph.
(b) Additionally, while this ORDER remains in effect, the Bank shall, within 10 days from the receipt of any official Report of Examination of the Bank from the FDIC or the Department, eliminate from its books, by collection, charge-off, or other proper entries, the remaining balance of any asset classified “Loss” and 50 percent of those classified “Doubtful” unless otherwise approved in writing by the Supervisory Authorities.
ALLOWANCE FOR LOAN AND LEASE LOSSES
7. Within 60 days from the effective date of this ORDER, the Board shall review the adequacy of the ALLL and ensure the Bank’s written policy for determining the adequacy of the ALLL is comprehensive. For the purpose of this determination, the adequacy of the ALLL shall
7
be determined after the charge-off of all loans or other items classified “Loss”. The policy shall provide for a review of the ALLL at least once each calendar quarter. Said review shall be completed within 21 days of the end of each calendar quarter in order that the findings of the Board with respect to the ALLL may be properly reported in the quarterly Reports of Condition and Income. The review shall focus on the results of the Bank’s internal loan review, loan and lease loss experience, trends of delinquent and non-accrual loans, an estimate of potential loss exposure of significant credits, concentrations of credit, and present and prospective economic conditions. A deficiency in the ALLL shall be remedied in the calendar quarter it is discovered, prior to submitting the Reports of Condition and Income by a charge to the current operating earnings. The minutes of the Board meeting at which such review is undertaken shall indicate the results of the review. The Bank’s policy for determining the adequacy of the ALLL and its implementation shall be satisfactory to the Supervisory Authorities.
REDUCTION OF ADVERSELY CLASSIFIED ASSETS
8. (a) Within 60 days from the effective date of this ORDER, the Bank shall formulate a written plan to reduce the Bank’s risk exposure in each asset, or relationship in excess of $750,000 classified “Substandard” or “Doubtful” in the Report. For purposes of this provision, “reduce” means to collect, charge off, or improve the quality of an asset so as to warrant its removal from adverse classification by the Supervisory Authorities. In developing the plan mandated by this paragraph, the Bank shall, at a minimum, and with respect to each adversely classified loan or lease, review, analyze, and document the financial position of the borrower, including source of repayment, repayment ability, and alternative repayment sources, as well as the value and accessibility of any pledged or assigned collateral, and any possible actions to improve the Bank’s collateral position.
8
(b) In addition, the plan mandated by this provision shall also include, but not be limited to, the following:
(i) A quarterly schedule for reducing the outstanding dollar amount of adversely classified assets including timeframes for achieving the reduced dollar amounts (at a minimum, the schedule for each adversely classified asset must show its expected dollar balance on a quarterly basis);
(ii) A schedule showing, on a quarterly basis, the expected consolidated balance of all adversely classified assets, and the ratio of the consolidated balance to the Bank’s projected Tier 1 capital plus the ALLL;
(iii) A provision for the Bank’s submission of monthly written progress reports to its Board; and
(iv) A provision mandating Board review of the progress reports, with a notation of the review recorded in the minutes of the meeting of the Board.
(c) The plan mandated by this provision shall further require a reduction in the aggregate balance of assets classified “Substandard” and “Doubtful” in the Report in accordance with the following schedule:
(i) Within 180 days, a reduction of twenty-five percent (25%) in the balance of assets classified “Substandard” or “Doubtful.”
(ii) Within 360 days, a reduction of forty-five percent (45) in the balance of assets classified “Substandard” or “Doubtful.”
(i) Within 540 days, a reduction of sixty-five percent (65%) in the balance of assets classified “Substandard” or “Doubtful.”
(ii) Within 720 days, a reduction of seventy-five percent (75%) in the balance of assets classified “Substandard” or “Doubtful.”
9
(d) The requirements of this paragraph do not represent standards for future operations of the Bank. Following compliance with the above reduction schedule, the Bank shall continue to reduce the total volume of adversely classified assets. The plan may include a provision for increasing Tier 1 capital when necessary to achieve the prescribed ratio.
(e) Within 60 days of the effective date of this ORDER, the Bank shall submit the plan to the Supervisory Authorities for review and comment. Within 30 days from receipt of any comment from the Supervisory Authorities, and after due consideration of any recommended changes, the Bank shall approve the plan, which approval shall be recorded in the minutes of the Board meeting. Thereafter, the Bank shall implement and fully comply with the plan. Such plan shall be monitored and progress reports thereon shall be submitted to the Supervisory Authorities at 90-day intervals concurrently with the other reporting requirements set forth in this ORDER.
SPECIAL MENTION ASSETS
9. Within 60 days from the effective date of this ORDER, the Bank shall develop a plan to correct all deficiencies in the assets listed as “Special Mention”. The Bank shall immediately submit the plan to the Supervisory Authorities for review and comment. Within 30 days from receipt of any comment from the Supervisory Authorities, and after due consideration of any recommended changes, the Bank shall approve the plan, which approval shall be recorded in the minutes of the Board meeting. Thereafter, the Bank shall implement and fully comply with the plan.
RESTRICTIONS ON ADVANCES TO ADVERSELY CLASSIFIED BORROWERS
10. (a) While this ORDER is in effect, the Bank shall not extend, directly or indirectly, any additional credit to, or for the benefit of, any borrower who has a loan or other extension of credit or obligation with the Bank that has been, in whole or in part, charged off or classified “Loss” or “Doubtful” and is uncollected. The requirements of this paragraph shall not prohibit
10
the Bank from renewing, after collecting in cash all interest and fees due from a borrower, any credit already extended to the borrower.
(b) While this ORDER is in effect, the Bank shall not extend, directly or indirectly, any additional credit to, or for the benefit of, any borrower whose loans are adversely classified by the Supervisory Authorities as “Substandard” or “Special Mention” and is uncollected.
(c) Subparagraph 10(b) shall not apply if the Bank’s failure to extend further credit to a particular borrower would be detrimental to the best interests of the Bank. Prior to extending additional credit pursuant to this subparagraph 10, whether in the form of a renewal, extension, or further advance of funds, such additional credit shall be approved by the Bank’s Board, or a designated committee thereof, who shall certify, in writing:
(i) Why failure of the Bank to extend such credit would be detrimental to the best interests of the Bank;
(ii) Why the extension of such credit would improve the Bank’s position, including an explanatory statement of how the Bank’s position would improve;
(iii) That an appropriate workout plan has been developed and will be implemented in conjunction with the additional credit to be extended; and
(iv) The signed certification shall be made a part of the minutes of the Board meeting, or designated committee, with a copy retained in the borrower’s credit file.
OTHER REAL ESTATE
11. (a) Within 60 days from the effective date of this ORDER, the Board shall develop a written policy for managing the Other Real Estate (“ORE”) of the Bank. At a minimum, the policy shall provide for:
11
(i) review of the ORE portfolio, at least quarterly, by a committee appointed by the Board ;
(ii) documentation that taxes and insurance premiums are paid in a timely manner;
(iii) resolution of documentation exceptions;
(iv) realistic and comprehensive budget for each parcel with a book value in excess of $100,000 including projections of the Bank’s carrying costs (e.g., upkeep, repairs, and insurance costs) and projections of the marketing costs;
(v) independent appraisal of each parcel at the time of foreclosure and periodically thereafter (but no more than 12 months from the date of the prior appraisal report);
(vi) determination by the ORE committee that each parcel of ORE is listed with a real estate broker or otherwise made widely available for sale within an appropriate timeframe and at a realistic selling price;
(vii) periodic progress reports from each real estate broker marketing Bank ORE, including projected sales timeframes;
(viii) detailed report from the ORE committee to the Board at least quarterly, with a copy of the report, including documentation of the action taken to facilitate the timely sale of ORE, made part of the board minutes; and
(ix) requirements for accounting, documentation, resale terms and action plans for the orderly liquidation of ORE from the Bank’s books.
(b) The Bank shall submit the policy to the Supervisory Authorities for review and
12
comment. Within 30 days from receipt of any comment from the Supervisory Authorities and after due consideration of any recommended changes, the Bank shall approve the policy, which approval shall be recorded in the minutes of the board meeting. Thereafter, the Bank shall implement and fully comply with the policy.
VIOLATIONS OF REGULATION
12. Within 60 days from the effective date of this ORDER, the Bank shall eliminate and/or correct all violations of regulation, which are more fully set out on pages 9 and 10 of the Report. In addition, the Bank shall take all necessary steps to ensure future compliance with all applicable laws, regulations, statements of policy, and regulatory guidance.
LENDING AND COLLECTION POLICIES
13. (a) Within 60 days from the effective date of this ORDER, the Bank shall review, revise and implement its written lending and collection policy to provide effective guidance and control over the Bank’s lending function, including strengthening the underwriting, appraisal review, and loan-to-value reporting processes to conform with FDIC guidance and regulation. Such revised policies and their implementation shall address the criticisms enumerated on pages 7 and 8 of the Report and be in a form and manner acceptable to the Supervisory Authorities.
(b) The Board shall adopt procedures whereby officer compliance with the revised loan policy is monitored and responsibility for exceptions thereto assigned. The procedures adopted shall be reflected in the minutes of a Board meeting at which all members are present and the vote of each is noted.
LOAN REVIEW
14. Within 30 days from the effective date of the ORDER, the Board shall enhance its independent loan review program to provide for a periodic review of the Bank’s loan portfolio
13
and the identification and categorization of problem credits. At a minimum, the program shall provide for:
(a) Prompt identification of loans with credit weaknesses that warrant the special attention of management, including the name of the borrower, amount of the loan, reason why the loan warrants special attention, and assessment of the degree of risk that the loan will not be fully repaid according to its terms;
(b) Action plans to reduce the Bank’s risk exposure from each identified relationship;
(c) Prompt identification of all outstanding balances and commitments attributable to each obligor identified under the requirements of subparagraph 14(a), including outstanding balances and commitments attributable to related interests of such obligors, including the obligor of record, relationship to the primary obligor identified under subparagraph 14(a), and an assessment of the risk exposure from the aggregate relationship;
(d) Identification of trends affecting the quality of the loan portfolio, potential problem areas, and action plans to reduce the Bank’s risk exposure;
(e) Assessment of the overall quality of the loan portfolio;
(f) Identification of credit and collateral documentation exceptions including loan covenant exceptions, and action plans to address the identified deficiencies;
(g) Identification and status of violations of laws and/or regulations with respect to the lending function and an action plan to address the identified violations;
(h) Identification of loans that are not in conformance with the Bank’s lending policy and action plans to address the deficiencies; and
(i) A mechanism for reporting periodically, but in no event less than quarterly, the information developed in subparagraphs 14(a) through 14(h) above to the Board.
14
The report should also describe the actions taken by management with respect to problem credits.
LIQUIDITY AND FUNDS MANAGEMENT
15. (a) Within 60 days from the effective date of this ORDER, management shall review and revise the Bank’s plan addressing liquidity, contingent funding, and asset liability management. A copy of the revised plan shall be submitted to the Supervisory Authorities upon its completion for their review and comment. Within 30 days from the receipt of any comments from the Supervisory Authorities, the Bank shall incorporate any recommended changes. Thereafter, the Bank shall implement and follow the plan. Annually during the life of this ORDER, the Bank shall review this plan for adequacy and, based upon such review, shall make appropriate revisions to the plan that are necessary to strengthen funds management procedures and maintain adequate provisions to meet the Bank’s liquidity needs.
(b) The initial plan shall include, at a minimum:
(i) A limitation on the ratio of the Bank’s total loans to assets;
(ii) A limitation of the ratio of the Bank’s total loans to funding liabilities;
(iii) Identification of a desirable range and measurement of dependence on non-core funding including brokered funds;
(iv) Establishment of lines of credit that would allow the Bank to borrow funds to meet depositor demands if the Bank’s other provisions for liquidity proved inadequate;
(v) A requirement for retention of sufficient investments that can be promptly liquidated to ensure the maintenance of the Bank’s liquidity posture at a level consistent with short-term and long-term objectives;
15
(vi) Establishment of contingency plans to restore liquidity to that amount called for in the Bank’s liquidity policy; and
(vii) Establishment of limits for borrowing federal funds and other funds, including limits on dollar amounts, maturities, and specified sources/lenders.
PLAN FOR EXPENSES AND PROFITABILITY
16. (a) Within 60 days from the effective date of this ORDER, the Bank shall review and revised its written plan and a comprehensive budget for all categories of income and expense. The plan and budget required by this paragraph shall include formal goals and strategies, consistent with sound banking practices and taking into account the Bank’s other written policies, to improve the Bank’s net interest margin, increase interest income, reduce discretionary expenses, control overhead, and improve and sustain earnings of the Bank. The plan shall include a projected balance sheet and a description of the operating assumptions that form the basis for and adequately support major projected income and expense components. Thereafter, the Bank shall formulate such a plan and budget by November 30 of each subsequent year. The plan and budget required by paragraph 16(a) of this ORDER shall be acceptable to the Supervisory Authorities as determined at subsequent examinations and/or visitations.
(b) Following the end of each calendar quarter, the Board shall evaluate the Bank’s actual performance in relation to the plan and budget required by paragraph 167(a) of this ORDER and shall record the results of the evaluation, and any actions taken by the Bank, in the minutes of the Board meeting at which such evaluation is undertaken.
LENDING PRACTICES
17. (a) Within 60 days from the effective date of this ORDER, the Bank shall submit to the Supervisory Authorities specific plans and proposals to effect the correction of all loan
16
underwriting, loan administration, and loan portfolio management weaknesses detailed in the Report. At a minimum, these plans and proposals shall incorporate procedures:
(i) to address all loan underwriting weaknesses detailed on pages 7 and 8 of the Report;
(ii) to address construction loan inspection and disbursement procedures;
(iii) to address the appropriate use of interest reserves;
(iv) to ensure proper financial analysis of potential and existing credit relationships, including the documentation of cash flow for the primary and secondary sources of repayment;
(v) to evaluate the Bank’s loan review and grading system and implement changes which shall:
a. ensure that loans are appropriately graded;
b. ensure that problem loans are accurately identified on a timely basis;
c. ensure that collateral and credit documentation deficiencies and policy exceptions are identified; and
d. ensure that the results of the loan review are communicated in writing to the Board and the Loan Committee;
(vi) to ensure that the bank’s assessment of the adequacy of capital and the ALLL appropriately considers the loan review and grading system;
(vii) to revise the loan policy to include risk limits for industry and individual concentrations and procedures for monitoring and reporting such;
(viii) to require strict guidelines for out-of-territory loans, which, at a minimum, include an aggregate limitation of such loans, require complete credit
17
documentation, and require approval by a majority of the Board prior to disbursement of funds, including a written explanation of why such loans are in the best interest of the Bank; and
(ix) to monitor officer compliance with the written loan policy and to assign responsibility for exceptions to the policy.
(b) Within 60 days from the effective date of this ORDER, the Bank shall review and revise its written loan policy to provide effective guidance, monitoring, and control over the Bank’s acquisition, development, and construction (“ADC”) lending function. The revised policy shall address the weaknesses related to the Bank’s ADC lending activities, as detailed in the Report. Also, the revised policy shall provide for a planned material reduction in the volume of funded and unfunded ADC loans as a percentage of Tier 1 capital. Such revised policy shall be provided to the Supervisory Authorities for review and approval prior to implementation, and its implementation shall be in a form and manner acceptable to the Supervisory Authorities as determined at subsequent examinations and/or visitations.
BROKERED DEPOSITS
18. (a) During the life of this ORDER, the Bank shall not accept, renew, or rollover brokered deposits without obtaining a brokered deposit waiver approved by the FDIC pursuant to section 29 of the Act, 12 U.S.C. § 1831f. Within 30 days of the effective date of this ORDER, the Bank shall submit to the Supervisory Authorities a written plan for eliminating its reliance on brokered deposits. The plan should contain details as the current composition of brokered deposits by maturity and explain the means by which such deposits will be paid or rolled over. The Supervisory Authorities shall have the right to reject the bank’s plan. On the twenty-fifth day of each month, the Bank shall provide a written progress report to the Supervisory Authorities detailing the level, source, and use of brokered deposits with specific reference to
18
progress under the Bank’s plan. For purposes of this ORDER, brokered deposits are defined as described in Section 337.6(a)(2) of the FDIC’s Rules and Regulations, 12 C.F.R. § 337.6(a)(2) to include any deposits funded by third party agents or nominees for depositors, including depositors managed by a trustee or custodian when each individual beneficial interest is entitled to a right to federal deposit insurance.
(b) The Bank shall comply with the restrictions on the effective yields on deposits described in 12 C.F.R. § 337.6(b)(4).
PROGRESS REPORTS
19. Within 30 days of the end of the first calendar quarter following the effective date of this ORDER, and within 30 days of the end of each calendar quarter thereafter, the Bank shall furnish written progress reports to the Supervisory Authorities detailing the form and manner of any actions taken to secure compliance with this ORDER and the results thereof. Such reports shall include a copy of the Bank’s Report of Condition and the Bank’s Report of Income. Such reports may be discontinued when the corrections required by this ORDER have been accomplished and the Supervisory Authorities have released the Bank in writing from making further reports.
DISCLOSURE TO SHAREHOLDERS
20. Following the issuance of this ORDER, the Bank shall provide to its shareholders or otherwise furnish a description of this ORDER (i) in conjunction with the Bank’s next shareholder communication or (ii) in conjunction with its notice or proxy statement preceding the Bank’s next shareholder meeting. The description shall fully describe the ORDER in all material respects. The description and any accompanying communication, statement, or notice shall be sent to the FDIC, Division of Supervision and Consumer Protection, Accounting and Securities Disclosure Section, 550 17th Street, N.W., Room F-6066, Washington, D.C. 20429 and to the Commissioner, Georgia Department of Banking and Finance, 2990 Brandywine Road,
19
Suite 200, Atlanta, Georgia 30341-5565, to review at least twenty (20) days prior to dissemination to shareholders. Any changes requested to be made by the FDIC and the Department shall be made prior to dissemination of the description, communication, notice, or statement.
This ORDER shall become effective immediately upon the date of its issuance. The provisions of this ORDER shall remain effective and enforceable except to the extent that, and
until such time as, any provisions of this ORDER shall have been modified, terminated, suspended, or set aside in writing by the Supervisory Authorities.
Pursuant to delegated authority.
Dated this 31st day of August, 2009.
/s/
Doreen Eberley
Acting Regional Director
Division of Supervision and Consumer Protection
Atlanta Region
Federal Deposit Insurance Corporation
20
The Georgia Department of Banking and Finance (“Department”), having duly approved the foregoing ORDER, and the Bank, through its Board, agree that the issuance of said ORDER by the FDIC shall be binding as between the Bank and the Georgia Commissioner of Banking and Finance to the same degree and to the same legal effect that such ORDER would be binding if the Department had issued a separate ORDER that included and incorporated all of the provisions of the foregoing ORDER, pursuant to Official Code of Georgia Annotated § 7-1-91(1985).
Dated this 31st of August, 2009.
________________/s/_________________
Robert M. Braswell
Commissioner
Department of Banking and Finance
State of Georgia
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First Chatham Bank Savannah Georgia

May 27, 2011

This slob is Steve Green, “the face  of trust”?

This guy lost $8,743,000 in Q4 2011

He wiped out 41% of the remaining equity in only 90 f$$cking days

This idiot is sitting on $65,000,000 in junk loans with only

He ran this place into the ground and got them on the problem bank list

Incompetant commercial real estate  lending, weakness in management

Steven Green is also on the under capitalized bank list

He has $52MM in bad loans and $24MM in capital, shocking!

First Chatham  Bank Savannah Georgia was founded in 2002.  The company is on the problem bank list, due incompetent commercial real estate lending.  They were cited for engaging in unsafe and unsound lending practices.  Also, they have weakness in management, asset quality, earnings.  Maybe that is why the Texas ratio is 107%.

When the first page on the website is real estate they have for sale, that could be a problem.

When the CEO Stephen Green owns Stephen Green Properties, there could be a conflict of interest here.

The bank is under capitalized with a tier 1 risk based capitalization of 7.15%

The company has $599MM in assets with $24MM in equity.

The problem loan portfolio in relation to the equity position is phenomenal.  They have $52MM in problem loans.

They have $52MM in problem loans with $24MM in equity.

Guess what, there is not equity.

This bank is insolvent.

Why isn’t this place shut down?

They lost $4MM in Q3 2011

Stephen is not showing the tax payer the Green.

Judging from the portfolio, he must have been dabbling in the green.

It didn’t take this management team long to wipe this thing out.

Do you have money in this bankrupt entity?

Citizens First National Bank Princeton Illinois

May 25, 2011

Take a look at the new site

capital2risk.com

Truly sad! I heard they are currently being sued. I read a previous lawsuit file of sexual misconduct going on within the bank….yikes! About ten years ago, a friend of mine said she saw a branch manager and teller having sex on a desk before the branch opened for the day. Maybe instead of “chasing tail” they should be covering their “assets.”

Here is Tony Sorcic he wiped out this bank and killed this town, he should be in jail 

Here he is as a kid, same haircut, Our Gang

Here is Tony burying the investors money in the ground

When is the FDIC going to stop by Tom?

It looks like there is a run on this bank, George Bailey would be proud

Tom Ogaard makes $319,000 a year, the average per capita in this town is $20,000

If you see Tom around town , ask him for the $25,000,000 and how about the interest”

Tom Ogaard has stolen your money long enough

Do you have money in this place?

The FDIC is bankrupt

Take a look at that joker on the left, that is Tom Ogaard he took $25,000,000 in tax payer money which he can’t pay back

Tom hasn’t even pay interest on your money since 11/10

Don’t worry Tom gets paid $319,000 a year 

Tom made $132,000,000 in bad loans

The stock is delisted, check out the 8-K

Do you have money in this disaster?

Hopefully your bank is not on the Capital2risk list

This is Tony Sorcic, this is the criminal who bankrupted this place

Who does his hair?

You will be looking like these guys, deer in the headlights.

Check out capital2risk, you will see the rest of the banks that stole your money

How about starting a run on this bank!

OCCUPY CITIZENS FIRST NATIONAL BANK PRINCETON ILLINOIS!

Go to the bank and ask Tom Ogaard where is  your $25,000,000  that he stole

How about if Tom starts paying interest on the money he took, lets start with $319,000 that he pays himself

He makes $319,000 he is the 1%.

The median per capita  income in Princeton is $20,000

Tom Ogaard pays himself $319,000 to bankrupt the local bank.

Most people on Wall Street don’t make $319,000

Tom Ogaard  gets paid $150 an hour to run the local bank into the ground

Tom bankrupted a 146 year old bank, this bank survived the great depression but it won’t survive Tom Ogaard!

He also got this place on the problem bank list

Why the hell are they giving this clown and award?

This is now the 2nd worst bank in the state the Texas ratio has increased to 122%

Tom lost another $18,000,000 in Q3 2011, he wiped 25% of the equity in 90 days

Q4 will interesting

Where is Tom’s left hand? Hopefully not where I think it is

This guy makes $319,000 a year and he gives this heifer a clock , at the BEEF and Ag

Citizens First National Bank Princeton Illinois was founded in 1865.  The company took $25MM in tax payer funded bailout money which it has decided to not repay.  Then again, they stopped paying interest on these funds on 11/10.  Not bad, when a bank doesn’t pay interest on money they borrowed.  Why can’t the tax payer do that? The company is on the problem bank list, shocking!  The Texas ratio is 92%, this place is history.

The bank has $1B in assets with $56MM in stated equity.

The actual equity is $31MM, as the so called preferred stock provided by the tax payer is debt not equity.

The problem loan situation is incredible.  They have $132MM in problem loans, $102MM of which are on non accrual.

They have $31MM in equity with $132MM bad loans.

Tom is giving out clocks, his time is running out

Take a look, Tom has bigger breasts than the guy he is giving the clock to

Hold on, Tom is giving another clock way, this guy steals $25,000,000 from the tax payer and he gives you a clock

It might be time to convict Tom

Have you seen this guy around town

This is Todd Fanning he makes $192,000 a year, wonder why he has no hair?

He might be bald but at least he has pubic hair on his face  

It would take the average person in this town 10 years to make what Todd makes in one year!

How many people in this town make $192,000 a year

If you see Todd around town, ask him for the $25,000,000 of your tax payer $$$ he took.

This thing is beyond bankrupt!

Why hasn’t this bank been shut down.

Net income was ($18MM) in FY10 and ($22MM) in FY09

So how are they going to pay back the $25MM, they took from the tax payer. That is not going to happen.

Luckily the executive compensation wasn’t effected, as they ran this place into ruin.

Thomas Ogaard      made $319k

James Miller            made $194

Todd Fanning         made  $192

That’s good pay for destroying a 146 year old bank

Funny, how they don’t publish the financial statements on the website? Probably busy making bad loans.

It’s public information, not hard to find.


Capital Bank Greenwood South Carolina

May 25, 2011

Check out William Stevens on the left he makes $750k a year

This includes country club fees and a car allowance

He got this place on the problem bank list

Wesley Brewer is stealing your money, Wesley is a criminal, send this clown to jail

Take your money out of this bankrupt entity

Wesley Brewer needs to go to jail!

William racked up $46MM in bad loans

Capital Bank Greenwood South Carolina was founded in 1989.  The company has entered into an agreement with the regulators, allowing it to become a member of the problem bank list.  The Texas ratio is 55%.  You know this place has a problem, when the first thing you see on the website is the real estate they have for sale.  Is this  a bank or a real estate company?  One thing is for sure, they like to finance vacant land.  Take a look at the news section on the website, there is none.  Here is some news, this bank is bankrupt.  They might want to change the name, I don’t think capital is the operative word for this place.

The company has assets of $655M and equity of $46MM.

The problem loan portfolio is incredible.  They have $41MM in problem loans, with $39MM on non accrual.

This bank has $41MM in problem loans with $46MM in equity?  The non accruals could easily wipe out the remaining equity.

Capital Bank, they have no capital, they are bankrupt!

This bank is bankrupt.

With net income of ($5MM) in FY10 and ($25MM) in FY09, they aren’t going to earn their way out of this mess.

Fortunately, the executive compensation wasn’t effected by this disaster that they caused.

William Stevens      “earned”   $750k

R. Wesley Brewer     made       $252k

Don’t worry these salaries include country club fees ($6k) and car allowances.

That is good pay for wiping this place out.

William Stevens makes $750k to lose $30MM and and rack up $46MM in bad loans. Plus, they pay for him to go golfing, while he bankrupts the place.

This guy has got the life, imagine what he would get paid if he actually made money for the company!

The only ones with capital are William Stevens and R. Wesley Brewer.

So if you make over $200k  in the south, you get to stick letter in front of your name?

Do you have money in this abortion?

William Stevens should be incarcerated.

Charter Bank West Point Georgia

May 23, 2011

Take a look at the new site

capital2risk.com

Charter Bank West Point, Georgia was founded in 1954.  The Texas ratio is 99%

The bank has $1.88B in assets with $135MM in equity.

The company has $106MM in problem loans.

Go to website, check out the vacant land they are sitting on?  Savvy bankers!

Buy land, they aren’t t making any more of it in Georgia?

With $135MM in problem loans and $106MM in equity, this place is looking insolvent.

Net income was $6MM in FY10, $2MM in FY09 and $13MM in FY08.

With this financial performance, they are not going to earn their way out of this mess.

Why is this bank not closed down?

Why is this company not on the problem bank list?

At least the executive pay has not been impacted.

Robert Johnson         made $733k

Curtis Koller                made $373k

Les Washam                made $473k

That is good pay for making this many bad loans.

Take a look at the website, they have probably 200 properties for sale, most of which are vacant lots.   You can’t even make this up, it is so pathetic.

This place has so much vacant land for sale.

Robert Johnson makes $733k to run this place into the ground?

Robert was thinking with his Johnson when he made all these loans secured by vacant lots.

This clown pays himself $733k to finance vacant lot?

This guy should be in jail.

Is this your bank? It is bankrupt.

Any investors looking for vacant land in Georgia?

Do you money in this place?

Watch out Robert Johnson makes $733k, while he insures your cash with Confederate money.

Premier Bank Tallahassee Florida

May 19, 2011

Check out the new site

capital2risk.com

Here is Matt Brown, CEO

Matt took $10,000,000 of your money which he won’t pay back

Matt’s bank is on the problem bank list

This clown lost $10,343,000 in Q4 2011

Why does is Matt bald? Because he wipe out 90% of the equity in 90 days

How is that for Premier

This guy should be in jail

How is this dope going to pay back the $10,000,000 he stole from the tax payer?



This place took $10MM in tax payer money which it can’t pay back

This is Linda Plamer the CFO

Linda F$$cked the tax payer out of $10,000,000

They are on the problem bank list

Don’t worry, the $10MM is only monopoly money, they can’t pay it back

This is Al Basford Commercial Lender

This Idiot made $35,000,000 in junk loans

Hold on, they have $48MM in problem loans, $9MM in supposed equity and they owe the tax payer $10MM, go directly to park place

Premier Bank Tallahassee Florida was founded in 1995.  The company took $10MM in tax payer funding, which they have decided to not give back.  The company is on the problem bank list.  They were cited for weakness in management, capital, earnings and liquidity.  The Texas ratio is an incredible 119%.

Take a look at the real estate for sale on the website, this place likes to finance vacant land.  That could be due to the weakness in management cited by the Feds.

That is a Premier bank.

Commercial Lenders

They have $357MM in assets with $19MM in stated equity.

The actual equity is $9MM, as the $10MM in tax payer funds is debt not equity.

The bank has $48MM in problem loans, $42MM of which is on non accrual.

The company has $48MM in bad loans with only $9MM in equity.

That is not Premier.

This place is bankrupt

Why hasn’t it been shut down.

This place is a disaster.

Do you have money in this place?

1
FEDERAL DEPOSIT INSURANCE CORPORATION
WASHINGTON, D.C.
STATE OF FLORIDA OFFICE OF FINANCIAL REGULATION TALLAHASSEE, FLORIDA
In the Matter of
PREMIER BANK
TALLAHASSEE, FLORIDA
(Insured State Nonmember Bank)
))))))))))
CONSENT ORDER
FDIC-10-074b
OFR 0722 -FI-02/10
The Federal Deposit Insurance Corporation (“FDIC”) is the appropriate Federal
banking agency for Premier Bank, Tallahassee, Florida (“Bank”), under 12 U.S.C. §
1813(q).
The Bank, by and through its duly elected and acting Board of Directors
(“Board”), has executed a “Stipulation to the Issuance of a Consent Order”
(“STIPULATION”), dated May 4, 2010, that is accepted by the FDIC and the Florida
Office of Financial Regulation (“OFR”). The OFR may issue an order pursuant to
Chapter 120 and Section 655.033, Florida Statutes (2009).
With this Stipulation, the Bank has consented, without admitting or denying any
charges of unsafe or unsound banking practices or violations of law and/or regulation
relating to weaknesses in asset quality, earnings, management, capital, liquidity, and
2
sensitivity to market risk, to the issuance of this Consent Order (“ORDER”) by the FDIC
and the OFR.
Having determined that the requirements for issuance of an order under 12 U.S.C.
§ 1818(b) and under Chapter 120 and Section 655.033, Florida Statutes have been
satisfied, the FDIC and the OFR hereby order that:
BOARD OF DIRECTORS
1. Beginning with the effective date of this ORDER, the Board shall increase its
participation in the affairs of the Bank, assuming full responsibility for the approval of
sound policies and objectives and for the supervision of all of the Bank’s activities,
consistent with the role and expertise commonly expected for directors of banks of
comparable size. The Board shall prepare in advance and follow a detailed written
agenda for each meeting, including consideration of the actions of any committees.
Nothing in the foregoing sentences shall preclude the Board from considering matters
other than those contained in the agenda. This participation shall include meetings to be
held no less frequently than monthly at which, at a minimum, the following areas shall be
reviewed and approved: reports of income and expenses; new, overdue, renewal, insider,
charged-off, and recovered loans; investment activity; operating policies; and individual
committee actions. Board minutes shall document these reviews and approvals,
including the names of any dissenting directors.
COMPLIANCE WITH ORDER
2. Within 30 days from the effective date of this ORDER, the Board shall establish a
Board committee (“Directors’ Committee”), consisting of at least five members, to
oversee the Bank’s compliance with the ORDER. Three of the members of the
3
Directors’ Committee shall not be officers of the Bank. The Directors’ Committee shall
receive from Bank management monthly reports detailing the Bank’s actions with respect
to compliance with the ORDER. The Directors’ Committee shall present a report
detailing the Bank’s adherence to the ORDER to the Board at each regularly scheduled
Board meeting. Such report shall be recorded in the appropriate minutes of the Board’s
meeting and shall be retained in the Bank’s records. Establishment of this committee
does not in any way diminish the responsibility of the entire Board to ensure compliance
with the provisions of this ORDER.
MANAGEMENT
3. (a) Within 60 days from the effective date of this ORDER, the Bank shall
develop and approve a written analysis and assessment of the Bank’s management and
staffing needs (“Management Plan”). The Management Plan shall include, at a
minimum: (i) identification of both the type and number of officer positions
needed to properly manage and supervise the affairs of the Bank;
(ii) identification and establishment of such Bank committees as are
needed to provide guidance and oversight to active management;
(iii) annual written evaluations of all Bank officers, and staff members
to determine whether these individuals possess the ability, experience and other qualifications required to perform present and anticipated duties,
including, but not limited to, adherence to the Bank’s established policies
and practices, and restoration and maintenance of the Bank in a safe and
sound condition;
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(iv) a plan to recruit and hire any additional or replacement personnel
with the requisite ability, experience and other qualifications to fill those
officer or staff member positions consistent with the needs identified in
the Management Plan; and
(v) an organizational chart.
(b) Such Management Plan and its implementation shall be satisfactory to the Regional Director of the FDIC’s Atlanta Regional Office (“Regional Director”) and the
OFR (collectively, “Supervisory Authorities”).
(c) Within 90 days from the effective date of this ORDER, the Bank shall
have and retain qualified management with the qualifications and experience
commensurate with assigned duties and responsibilities at the Bank. Each member of
management shall be provided appropriate written authority from the Bank’s Board to
implement the provisions of this ORDER. At a minimum, management shall include the
following:
(i) a chief executive officer with proven ability in managing a bank of
comparable size and in effectively implementing lending, investment and
operating policies in accordance with sound banking practices;
(ii) a senior credit officer with a significant amount of appropriate
lending, collection, and loan supervision experience, and experience in
upgrading a low quality loan portfolio; and
(iii) a chief financial officer with a demonstrated ability in all financial
areas, including but not limited to, accounting, regulatory reporting,
5
budgeting and planning, management of the investment function, liquidity
management and interest rate risk management.
(d) The qualifications of management shall be assessed on its ability to:
(i) comply with the requirements of this ORDER;
(ii) operate the Bank in a safe and sound manner;
(iii) comply with applicable laws and regulations; and
(iv) restore all aspects of the Bank to a safe and sound condition,
including, but not limited to, asset quality, capital adequacy, earnings,
management effectiveness, risk management, liquidity, and sensitivity to
market risk.
(e) During the life of this ORDER, the Bank shall notify the Supervisory
Authorities in writing, of the resignation or termination of any of the Bank’s directors or
senior executive officers. Prior to the addition of any individual to the Board or the
employment of any individual as a senior executive officer, or executive officer as that
term is defined in Subpart F of Part 303 of the FDIC Rules and Regulations, 12 C.F.R. §
303.101 and Section 655.005, Florida Statutes, the Bank shall comply with the
requirements of Section 32 of the Act, 12 U.S.C. § 1831i, and Subpart F of Part 303 of
the FDIC Rules and Regulations, 12 C.F.R. §§ 303.100-303.104; and Section 655.0385,
Florida Statutes, and Rule 69U-100.03852 Florida Administrative Code.
CAPITAL
4. (a) Within 90 days from the effective date of the ORDER, the Bank shall
achieve and maintain the following minimum capital levels as defined in Part 325 of the
6
FDIC Rules and Regulations, 12 C.F.R. Part 325, after establishing an adequate
allowance for loan and lease losses (“ALLL”):
(i) Tier 1 capital at least equal to eight (8.0%) percent of total assets;
and
(ii) Total risk-based capital at least equal to twelve (12.0%) percent of
total risk-weighted assets.
(b) Thereafter during the life of this ORDER, the Bank shall maintain Tier 1
capital in such an amount as to equal or exceed eight (8%) percent of the Bank’s total
assets; and a Total risk-based capital ratio of at least twelve (12%) percent as those risk
based capital ratios are described in the FDIC Statement of Policy on Risk-Based Capital
contained in Appendix A to Part 325 of the FDIC Rules and Regulations, 12 C.F.R. Part
325, Appendix A.
(c) Within 30 days of the last day of each calendar quarter, the Bank shall
determine, from its Reports of Condition and Income, its capital ratios for that calendar
quarter. If any capital measure falls below the established minimum, within 30 days of
such required determination of capital ratios, the Bank shall submit a written plan to the
Supervisory Authorities, describing the means and timing by which the Bank shall
increase such ratios up to or in excess of the established minimum.
(d) The level of Tier 1 Capital to be maintained during the life of this ORDER
pursuant to paragraph 4(b) shall be in addition to a fully funded ALLL, the adequacy of
which shall be satisfactory to the Supervisory Authorities as determined at subsequent
examinations and/or visitations.
7
(e) Any increase in Tier 1 Capital necessary to meet the requirements of
paragraphs 4(a) and 4(b) of this ORDER may be accomplished by the following:
(iii) sale of common stock; or
(iv) sale of noncumulative perpetual preferred stock; or
(v) direct contribution of cash by the Board, shareholders, and/or
parent holding company; or
(vi) any other means acceptable to the Supervisory Authorities; or
(vii) any combination of the above means.
Any increase in Tier 1 Capital necessary to meet the requirements of paragraphs 4(a) and
4(b) of this ORDER may not be accomplished through a deduction from the Bank’s
ALLL.
(f) If all or part of any necessary increase in Tier 1 Capital required by
paragraphs 4(a) and 4(b) of this ORDER is accomplished by the sale of new securities,
the Board shall forthwith take all necessary steps to adopt and implement a plan for the
sale of such additional securities, including the voting of any shares owned or proxies
held or controlled by them in favor of the plan. Should the implementation of the plan
involve a public distribution of the Bank’s securities (including a distribution limited only
to the Bank’s existing shareholders), the Bank shall prepare offering materials fully
describing the securities being offered, including an accurate description of the financial
condition of the Bank and the circumstances giving rise to the offering, and any other
material disclosures necessary to comply with the Federal securities laws. Prior to the
implementation of the plan and, in any event, not less than fifteen (15) days prior to the
dissemination of such materials, the plan and any materials used in the sale of the
8
securities shall be submitted to the FDIC, Division of Supervision and Consumer
Protection, Accounting and Securities Disclosure Section, 550 17th Street, N.W., Room
F-6066, Washington, D.C. 20429 and the Office of Financial Regulation, Division of
Financial Institutions, 200 East Gaines Street, Tallahassee, Florida 32399-0371, for
review. Any changes requested to be made in the plan or materials by the FDIC or the
OFR shall be made prior to their dissemination. If the increase in Tier 1 Capital is
provided by the sale of noncumulative perpetual preferred stock, then all terms and
conditions of the issue, including but not limited to those terms and conditions relative to
interest rate and convertibility factor, shall be presented to the Supervisory Authorities
for prior approval.
(g) In complying with the provisions of Paragraphs 4(a) and 4(b) of this
ORDER, the Bank shall provide to any subscriber and/or purchaser of the Bank’s
securities, a written notice of any planned or existing development or other changes
which are materially different from the information reflected in any offering materials
used in connection with the sale of Bank securities. The written notice required by this
paragraph shall be furnished within ten (10) days from the date such material
development or change was planned or occurred, whichever is earlier, and shall be
furnished to every subscriber and/or purchaser of the Bank’s securities who received or
was tendered the information contained in the Bank’s original offering materials.
(h) For the purposes of this ORDER, the terms “Tier 1 Capital” and “total
assets” shall have the meanings ascribed to them in Part 325 of the FDIC Rules and
Regulations, 12 C.F.R. Part 325.
9
CHARGE-OFF
5. (a) Within 30 days from the effective date of this ORDER, the Bank shall
eliminate from its books, by charge-off or collection, all assets or portions of assets
classified “Loss” and 50 percent of those assets classified “Doubtful” in the FDIC Report
of Examination dated October 13, 2009 (“Report”) that have not been previously
collected or charged-off. (If an asset classified “Doubtful” is a loan or lease, the Bank
may, in the alternative, increase its ALLL by an amount equal to 50 percent of the loan or
lease classified “Doubtful”.)
(b) Additionally, while this ORDER remains in effect, the Bank shall, within
30 days from the receipt of any official Report of Examination of the Bank from the
FDIC or the OFR, eliminate from its books, by collection, charge-off, or other proper
entries, the remaining balance of any asset classified “Loss” and 50 percent of the those
classified “Doubtful” unless otherwise approved in writing by the Supervisory
Authorities.
RESTRICTIONS ON CERTAIN PAYMENTS
6. (a) While this ORDER is in effect, the Bank shall not declare or pay
dividends or bonuses without the prior written approval of the Supervisory Authorities.
All requests for prior approval shall be received at least 30 days prior to the proposed
dividend or bonus payment declaration date (at least 5 days with respect to any request
filed within the first 30 days after the date of this ORDER) and shall contain, but not be
limited to, an analysis of the impact such dividend or bonus payment would have on the
Bank’s capital, income, and/or liquidity positions.
10
(b) During the term of this ORDER, the Bank shall not make any distributions
of interest, principal or other sums on subordinated debentures, if any, without the prior
written approval of the Regional Director.
ALLOWANCE FOR LOAN AND LEASE LOSSES
7. (a) Immediately upon the issuance of this ORDER, the Board shall make a
provision to replenish the ALLL which, as of the date of the examination, is underfunded
as set forth on page 2 of the Report.
(b) Within 30 days from the effective date of this ORDER, the Board shall
review the adequacy of the ALLL and establish a comprehensive policy for determining
the adequacy of the ALLL. For the purpose of this determination, the adequacy of the
ALLL shall be determined after the charge-off of all loans or other items classified
“Loss.” The policy shall provide for a review of the ALLL at least once each calendar
quarter. Said review shall be completed in time to properly report the ALLL in the
quarterly Reports of Condition and Income. The review shall focus on the results of the
Bank’s internal loan review, loan and lease loss experience, trends of delinquent and nonaccrual
loans, an estimate of potential loss exposure of significant credits, concentrations
of credit, and present and prospective economic conditions. A deficiency in the ALLL
shall be remedied in the calendar quarter it is discovered, prior to submitting the Reports
of Condition and Income, by a charge to current operating earnings. The minutes of the
Board meeting at which such review is undertaken shall indicate the results of the review.
The Bank’s policy for determining the adequacy of the ALLL and its implementation
shall be satisfactory to the Supervisory Authorities.
11
BROKERED DEPOSITS
8. (a) Throughout the effective life of this ORDER, the Bank shall not accept,
renew, or rollover any brokered deposit, as defined by 12 C.F.R. § 337.6(a)(2), unless it
is in compliance with the requirements of 12 C.F.R. § 337.6(b), governing solicitation
and acceptance of brokered deposits by insured depository institutions.
(b) The Bank shall comply with the restrictions on the effective yields on
deposits as described in 12 CFR § 337.6.
FUNDS MANAGEMENT PLAN
9. (a) Annually during the life of this ORDER, the Bank shall review its written
plan addressing liquidity, contingent funding, and asset liability management for
adequacy and, based upon such review, shall make appropriate revisions, if any, to the
plan that are necessary to strengthen funds management procedures and maintain
adequate provisions to meet the Bank’s liquidity needs.
(b) The Bank’s plan shall include, at a minimum: (i) a limitation on the ratio of the Bank’s total loans to assets;
(ii) identification of a desirable range and measurement of dependence
on non-core funding;
(iii) establishment of lines of credit that would allow the Bank to
borrow funds to meet depositor demands if the Bank’s other provisions for
liquidity proved inadequate;
(iv) a requirement for retention of sufficient investments that can be
promptly liquidated to ensure the maintenance of the Bank’s liquidity
posture at a level consistent with short-term and long-term objectives;
12
(v) establishment of contingency plans to restore liquidity to that amount called for in the Bank’s liquidity policy; and
(vi) establishment of limits for borrowing federal funds and other
funds, including limits on dollar amounts, maturities, and specified
sources/lenders.
REDUCTION OF CLASSIFIED ITEMS
10 . (a) Within 60 days from the effective date of this ORDER, the Bank shall
formulate a written plan to reduce the Bank’s risk exposure in each asset in excess of
$500,000 classified as “Substandard” or “Doubtful” in the Report. In developing the plan
mandated by this paragraph, the Bank shall, at a minimum, with respect to each adversely
classified loan, review, analyze, and document the financial position of the borrower,
including source of repayment, repayment ability, and alternative repayment sources, as
well as the value and accessibility of any pledged or assigned collateral, and any possible
actions to improve the Bank’s collateral position.
(b) Within 60 days from the effective date of this ORDER, the Bank shall
formulate a written plan to reduce the aggregate balance of assets classified
“Substandard” and “Doubtful” in the Report in accordance with the following schedule:
(i) within 90 days from the effective date of this ORDER, the Bank
shall have reduced the items classified “Substandard” or “Doubtful” in the
Report by ten percent (10.0%);
(ii) within 180 days from the effective date of this ORDER, the Bank
shall have reduced the items classified “Substandard” or “Doubtful” in the
Report by twenty percent (20.0%);
13
(iii) within 270 days from the effective date of this ORDER, the Bank
shall have reduced the items classified “Substandard” or “Doubtful” in the
Report by thirty percent (30.0%); and
(iv) within 360 days from the effective date of this Order, the Bank
shall have reduced the items classified “Substandard” or “Doubtful” in the
Report by forty-five percent (45.0%).
(c) Within 60 days from the effective date of this ORDER, the Bank shall
submit the plans required in paragraphs 10(a) and 10(b) to the Supervisory Authorities
for review and comment. Within 30 days from the receipt of any comment from the
Supervisory Authorities, and after due consideration of any recommended changes, the
Bank shall approve the plans, which approval shall be recorded in the minutes of the
meeting of the Board. Thereafter, the Bank shall implement and fully comply with the
plans. Such plans shall be monitored and progress reports thereon shall be submitted to the Supervisory Authorities at 90-day intervals concurrently with the other reporting
requirements set forth in paragraph 23 of this ORDER.
(d) The requirements of this paragraph are not to be construed as standards for
future operations and following compliance with the above reduction schedule, the Bank
shall continue to reduce the total volume of adversely classified assets. As used in
subparagraphs 10(a) and 10(b) the word “reduce” means:
(i) to collect;
(ii) to charge-off; or
(iii) to sufficiently improve the quality of assets adversely classified to
warrant removing any adverse classification, as determined by the
14
Supervisory Authorities.
NO ADDITIONAL CREDIT TO CERTAIN BORROWERS
11. (a) Beginning with the effective date of this ORDER, the Bank shall not
extend, directly or indirectly, any additional credit to, or for the benefit of, any borrower
who has a loan or other extension of credit from the Bank that has been charged off or
classified, in whole or in part, “Loss” or “Doubtful” and is uncollected. The
requirements of this paragraph shall not prohibit the Bank from renewing (after collection
in cash of interest due from the borrower) any credit already extended to any borrower.
(b) Additionally, during the life of this ORDER, the Bank shall not extend,
directly or indirectly, any additional credit to, or for the benefit of, any borrower who has
a loan or other extension of credit from the Bank that has been classified, in whole or
part, “Substandard”, or is listed for “Special Mention” and is uncollected.
(c) Paragraph 11(b) shall not apply if the Bank’s failure to extend further
credit to a particular borrower would be detrimental to the best interests of the Bank.
Prior to the extending of any additional credit pursuant to this paragraph, either in the
form of a renewal, extension, or further advance of funds, such additional credit shall be
approved by a majority of the Board or a designated committee thereof, who shall certify
in writing as follows:
(i) why the failure of the Bank to extend such credit would be
detrimental to the best interests of the Bank;
(ii) that the Bank’s position would be improved thereby; and
(iii) how the Bank’s position would be improved.
15
(d) The signed certification shall be made a part of the minutes of the Board
or its designated committee and a copy of the signed certification shall be retained in the
borrower’s credit file.
SPECIAL MENTION
12. Within 60 days from the effective date of this ORDER, the Bank shall develop
and submit to Supervisory Authorities for review and comment a plan to correct the cited
deficiencies in the loans listed for “Special Mention” in the Report. Within 30 days from receipt of any comment from the Supervisory Authorities, and after due consideration of
any recommended changes, the Bank shall approve the plan, which approval shall be
recorded in the minutes of the Board meeting. Thereafter, the Bank shall implement and
fully comply with the plan
CONCENTRATIONS OF CREDIT
13. Within 60 days from the effective date of this ORDER, the Bank shall perform a
risk segmentation analysis with respect to the commercial real estate concentrations of
credit listed on the Concentrations page of the Report. The Bank should refer to the
Financial Institution Letter 104-2006 dated December 12, 2006, entitled Concentrations
in Commercial Real Estate Lending, Sound Risk Management Practices, for information
regarding risk segmentation analysis. A copy of this analysis shall be provided to the
Supervisory Authorities. The Bank agrees to develop a plan to reduce any segment of the
portfolio which the Supervisory Authorities deem to be an undue concentration of credit
in relation to the Bank’s capital account. The plan and its implementation shall be in a
form and manner acceptable to the Supervisory Authorities as determined at subsequent
examinations and/or visitations.
16
LENDING AND COLLECTION POLICIES
14. (a) Within 60 days from the effective date of this ORDER, the Bank shall
develop, revise, adopt, and implement written lending and collection policies to provide
effective guidance and control over the Bank’s lending function. Such policies and their
implementation shall be in a form and manner acceptable to the Supervisory Authorities.
(b) The initial revisions to the Bank’s loan policy and practices, required by
this paragraph, at a minimum, shall include the following:
(i) revisions to address criticisms and recommendations enumerated
on pages 7-8 of the Report;
(ii) provisions, consistent with FDIC instructions for the preparation of
Reports of Condition and of Income, under which the accrual of interest
income is discontinued and previously accrued interest is reversed on
delinquent loans; and
(iii) provisions which require complete loan documentation, realistic
repayment terms, and current credit information adequate to support the
outstanding indebtedness of the borrower. Such documentation shall
include current financial information, profit and loss statements or copies
of tax returns and cash flow projections.
(c) The Board shall adopt procedures whereby officer compliance with the
revised loan policy is monitored and responsibility for exceptions thereto assigned. The
procedures adopted shall be reflected in the minutes of a Board meeting at which all
members are present and the vote of each is noted.
17
INTERNAL LOAN REVIEW
15. Within 60 days from the effective date of this ORDER, the Bank shall adopt an
effective internal loan review and grading system to provide for the periodic review of
the Bank’s loan portfolio in order to identify and categorize the Bank’s loans, and other
extensions of credit which are carried on the Bank’s books as loans, on the basis of credit
quality. Such system and its implementation shall be satisfactory to the Supervisory
Authorities as determined at their initial review and at subsequent examinations and/or
visitations. At a minimum, the grading system shall provide for the following:
(a) specification of standards and criteria for assessing the credit quality of the
Bank’s loans;
(b) application of loan grading standards and criteria to the Bank’s loan
portfolio;
(c) categorization of the Bank’s loans into groupings based on the varying
degrees of credit and other risks that may be presented under the applicable grading
standards and criteria, but in no case, will a loan be assigned a rating higher than that
assigned by examiners at the last examination of the Bank without prior written
notification to the Supervisory Authorities; (d) identification of any loan that is not in conformance with the Bank’s loan
policy; and
(e) requirement of a written report to be made to the Board and audit
committee, not less than quarterly after the effective date of this ORDER. The report
shall identify the status of those loans that exhibit credit and other risks under the
18
applicable grading standards/criteria and the prospects for full collection and/or
strengthening of the quality of any such loans.
STRATEGIC PLAN
16. (a) Within 90 days from the effective date of this ORDER, the Bank shall
prepare and submit to the Supervisory Authorities for review and comment an update to
the Bank’s existing business/strategic plan covering the overall operation of the Bank. At
a minimum the plan shall establish objectives for the Bank’s earnings performance,
growth, balance sheet mix, liability structure, capital adequacy, and reduction of
nonperforming and underperforming assets, together with strategies for achieving those
objectives. The plan shall also identify capital, funding, managerial and other resources
needed to accomplish its objectives. Such plan shall specifically provide for the
following:
(i) goals for the composition of the loan portfolio by loan type
including strategies to diversify the type and improve the quality of loans
held;
(ii) goals for the composition of the deposit base including strategies to
reduce reliance on volatile and costly deposits; and
(iii) plans for effective risk management and collection practices.
(b) Within 30 days from the receipt of any comments from the Supervisory
Authorities, and after due consideration of any recommended changes, the Board shall
approve the business/strategic plan, which approval shall be recorded in the minutes of a
Board meeting.
19
PROFIT PLAN
17. (a) Within 90 days from the effective date of this ORDER, the Bank shall
formulate and implement a written plan to improve and/or sustain Bank earnings. This
plan shall be forwarded to the Supervisory Authorities for review and comment and shall
address, at a minimum, the following:
(i) goals and strategies for improving and sustaining the earnings of
the Bank;
(ii) the major areas in, and means by which the Bank will seek to
improve the Bank’s operating performance;
(iii) realistic and comprehensive budgets;
(iv) a budget review process to monitor the income and expenses of the
Bank to compare actual figures with budgetary projections;
(v) the operating assumptions that form the basis for, and adequately
support, major projected income and expense components; and
(vi) coordination of the Bank’s loan, investment, and operating policies
and budget and profit planning with the funds management policy.
(b) Following the end of each calendar quarter, the Board shall evaluate the
Bank’s actual performance in relation to the plan required by this paragraph and shall
record the results of the evaluation, and any actions taken by the Bank in the minutes of
the Board meeting at which such evaluation is undertaken.
(c) Thereafter, the Bank shall formulate such a plan and budget by November
30 of each subsequent year. These plans and budgets shall be submitted to the
20
Supervisory Authorities for review and comment by December 15 of each subsequent
year.
INTEREST RATE RISK MANAGEMENT
18. Within 60 days from the effective date of this ORDER, the Bank shall develop
and implement a written policy for managing interest rate risk in a manner that is
appropriate to the size of the Bank and the complexity of its assets. The policy shall
comply with the Joint Agency Policy Statement on Interest Rate Risk and Financial
Institution Letter 02-2010 entitled Financial Institution Management of Interest Rate
Risk, shall be consistent with the comments and recommendations detailed in the Report
and shall include, at a minimum, the means by which the interest rate risk position will be
monitored, the establishment of risk parameters, and provision for periodic reporting to
management and the Board regarding interest rate risk with adequate information
provided to assess the level of risk. Such policy and its implementation shall be
satisfactory to the Supervisory Authorities.
VIOLATIONS OF LAWS AND REGULATIONS
19. Within 60 days from the effective date of this ORDER, the Bank shall eliminate
and/or correct all violations of law and regulation, which are more fully set out in the
Report. In addition, the Bank shall take all necessary steps to ensure future compliance
with all applicable laws and regulations.
CONFLICTS OF INTEREST
20. Within 30 days from the effective date of this ORDER, the Bank shall develop,
adopt, and implement written policies and procedures designed to bring to the attention of
each member of the Board conflicts of interest which may exist in approving loans or
21
other transactions in which officers, directors or principal shareholders of the Bank
(“Insiders”) are involved. Such policies and procedures shall, at a minimum, ensure that
each member of the Board has been apprised of any potential conflict prior to making a
decision, or acting specifically on any loan or other transaction in which Insiders and/or
their business associates are, directly or indirectly, involved. The results of any
deliberations by the Board regarding potential conflicts shall be reflected in the minutes
of its meetings.
NO MATERIAL GROWTH WITHOUT NOTICE
21. While this ORDER is in effect, the Bank shall notify the Supervisory Authorities
at least 60 days prior to undertaking asset growth to ten percent (10%) or more per annum
or initiating material changes in asset or liability composition. In no event shall asset
growth result in noncompliance with the capital maintenance provisions of this ORDER
unless the Bank receives prior written approval from the Supervisory Authorities.
DISCLOSURE
22. Following the effective date of this ORDER, the Bank shall send to its shareholders
or otherwise furnish a description of this ORDER in conjunction with the Bank’s next
shareholder communication and also in conjunction with its notice or proxy statement
preceding the Bank’s next shareholder meeting. The description shall fully describe the
ORDER in all material respects. The description and any accompanying communication,
statement, or notice shall be sent to the FDIC, Division of Supervision and Consumer
Compliance, Accounting and Securities Disclosure Section, 550 17th Street, N.W., Room
F-6066, Washington, D.C. 20429 and to the OFR, Division of Financial Institutions, 200
East Gaines Street, Tallahassee, FL 32399-0371, at least fifteen (15) days prior to
22
dissemination to shareholders. Any changes requested to be made by the FDIC and the
OFR shall be made prior to dissemination of the description, communication, notice, or
statement.
PROGRESS REPORTS
23. (a) Within 45 days from the end of the first quarter following the effective
date of this ORDER, and within 45 days of the end of each quarter thereafter, the Bank
shall furnish written progress reports to the Supervisory Authorities detailing the form
and manner of any actions taken to secure compliance with this ORDER and the results
thereof. Such reports shall include a copy of the Bank’s Reports of Condition and
Income.
(b) Such reports may be discontinued when the corrections required by this
ORDER have been accomplished and the Supervisory Authorities have released the Bank
in writing from making further reports.
(c) All progress reports and other written responses to this ORDER shall be
reviewed by the Board and made a part of the minutes of the appropriate Board meeting.
The provisions of this ORDER shall not bar, estop, or otherwise prevent the
FDIC, the OFR, or any other federal or state agency or department from taking any other
action against the Bank or any of the Bank’s current or former institution-affiliated
parties.
This ORDER shall be effective on the date of issuance.
The provisions of this ORDER shall be binding upon the Bank, its institutionaffiliated
parties, and any successors and assigns thereof.
23
The provisions of this ORDER shall remain effective and enforceable except to
the extent that, and until such time as, any provisions of this ORDER shall have been
modified, terminated, suspended, or set aside in writing.
Issued Pursuant to Delegated Authority.
Dated this 5th day of May, 2010.
/s/
By: ________________________
Thomas J. Dujenski
Regional Director
Division of Supervision and Consumer Protection
Atlanta Region
Federal Deposit Insurance Corporation
The Commissioner of the OFR having duly approved the foregoing ORDER, and
the Bank, through its Board, agree that the issuance of said ORDER by the FDIC shall be
binding as between the Bank and the OFR to the same degree and to the same legal effect
that such ORDER would be binding if the OFR had issued a separate ORDER that
included and incorporated all of the provisions of the foregoing ORDER, pursuant to
Chapters 120, 655, and 658, Florida Statutes (2009), including specifically Sections
655.033 and 655.041, Florida Statutes.
Dated this 4th day of May, 2010.
/s/ _______________________________ Linda B. Charity
Director Division of Financial Institutions
Office of Financial Regulation
By Delegated Authority for the Commissioner, Office of Financial Regulation

 


Property Type: Select Property Type AcreageCommercialCommercial – LotResidential – LotResidential – Single Family

$450,000.00Contact:Brice Pelfrey
Tallahassee Land Company
850-385-6363
bpelfrey@tlhland.com
CommercialLocation:
1221, 1223, 1227, 1231 E Lafayette St
Tallahassee, FL 32301
Lafayette Retail Center; includes 1221, 1223, 1227 & 1231 East Lafayette St. Strip center located in very busy part of town, just off of Apalachee Pkwy and Magnolia. Strong tenant, over 40 years in location.

$575,000.00Contact:Ed Murray
Talcor
(850) 224-2300
murray@talcor.com
CommercialLocation:
201 S MONROE ST
Tallahassee, FL 32301
3,150 square foot penthouse office condo for sale in this historic property located one block from the State Capitol. Excellent frontage and street presence. Located on the east side of South Monroe Street, north of Calhoun Street and south of East College Avenue.

$70,000.00Contact:Brice Pelfrey
Tallahassee Land Company
850-385-6363
bpelfrey@tlhland.com
Commercial – LotLocation:
XXX Garrett Lane
Havana, FL 32333
Great commercial lot in Gadsden County just off of HWY 27 and only minutes off of I-10. Other regional contractors and businesses operate from this accessible location.

$115,000.00Contact:Premier Bank
(850) 386-4726
(850) 386-2225
realestate@premier-bank.com
Commercial – LotLocation:
Commonwealth Ln
Tallahassee, FL 32303-3196
COMMONWEALTH OFFICE PARK: Superb commercial lot in Tallahassee’s premier office park. Private and governmental offices, distribution, manufacturing, great infrastructure and immediate access to Interstate 10.

$499,000.00Contact:Ben Wilkinson
Tallahassee Land Company
(850) 385-6363
BenW@tlhland.com
Commercial – LotLocation:
1907 Miccosukee Rd
Tallahassee, FL 32303
1907 MICCOSSUKEE ROAD: Finished office site ready for construction! Parking, storm water, curb and gutter, sidewalks, are all complete.

$80,000.00Contact:Jason Naumann
Naumann Real Estate
(850) 325-1681
jason@naumangroup.com
Residential – Single FamilyLocation:
540 McNair Road
Havana, FL 32333
Investment or starter home in the country east of Havana. 3 bedroom, 2 bath home with garage on .81 large acre lot.

$87,000.00Contact:Brice Pelfrey
Tallahassee Land Company
850-385-6363
bpelfrey@tlhland.com
Residential – Single FamilyLocation:
4262 Ridgehaven Rd
Tallahassee, FL 32305
WILSON GREEN: Great first home or investment opportunity in Wilson Green! 1325 square foot home with 3 bedrooms, 2 baths, garage and eat in kitchen.

$18,000.00Contact:Mark Trafton
Armor Realty of Tallahassee
850.893.2525
Residential – LotLocation:
XX Lake McKissack Lane
Carrabelle, FL 32322
Lakefront Lot on Lake McKissack, Franklin County. On fresh water just a hop, skip and jump from the Gulf.

$18,000.00Contact:Mark Trafton
Armor Realty of Tallahassee
850.893.2525
Residential – LotLocation:
White Oak Dr
Monticello, FL 32344
Price Reduced on this great 1 acre corner lot in The Sanctuary. Beautiful oaks, new neighborhood in Jefferson County off of Hwy 59.

$25,000.00Contact:Mark Trafton
Armor Realty of Tallahassee
850.893.2525
Residential – LotLocation:
Coquina Crossing Dr
St Marks, FL 32355
VILLAGES OF ST MARKS: Wooded lot in neighborhood just outside St. Marks on the Wakulla River. Great private subdivision with amenities.

$22,500.00Contact:Premier Bank
(850) 386-4726
(850) 386-2225
realestate@premier-bank.com
Residential – LotLocation:
4586 RICE DR
Tallahassee, FL 32304
Lots 2, 3, 4, 5, & 11 for sale in new neighborhood. Secluded quiet cul-de-sac with nice homes tucked away off of Ross Road.

$35,000.00Contact:Mark Trafton
Armor Realty of Tallahassee
850.893.2525
Residential – LotLocation:
Mexico Ln
Tallahassee, FL 32301
Two wooded residential lots located off of Meridian St just north of Putnam. Located along unimproved City right of way.

$40,000.00Contact:Brice Pelfrey
Tallahassee Land Company
850-385-6363
bpelfrey@tlhland.com
Residential – LotLocation:
3068 Elmwood Drive
Tallahassee, FL 32317
2/3 acre Residential Lot on Elmwood Drive off of Walden Road, close to Mahan Drive.

$42,000.00Contact:Brice Pelfrey
Tallahassee Land Company
850-385-6363
bpelfrey@tlhland.com
Residential – LotLocation:
3049 BIDHURST CT
Tallahassee, FL 32317-7486
PRICE REDUCED! Lots 8, (10 sold), 13, 14 Adiron Woods. Beautiful neighborhood, quiet cul-de-sac, great location as soon as you get onto Walden Rd. off Mahan before I-10.

$220,000.00Contact:Mark Trafton
Armor Realty of Tallahassee
850.893.2525
Residential – LotLocation:
XXX Lonnie Road
Tallahassee, FL 32308
4.79 acres – Beautiful wooded property located on Lonnie Road off of Miccosukee Road. Two parcels; 1.91 acre and 2.88 acres. Great for private homestead or long term investment. Has been approved for residential subdivision with 26 lots. All close to shopping, schools, only minutes from town.

$327,000.00Contact:Ben Wilkinson
Tallahassee Land Company
(850) 385-6363
BenW@tlhland.com
AcreageLocation:
HIGHWAY 59
aka GAMBLE RD
Monticello, FL 32344
Acreage in Jefferson County on SR 59 (Gamble Rd). 112 acres in two contiguous tracts, 35 acres and 77 acres. Approximately 2 miles south of I-10, it takes less time to get to downtown Tallahassee than from Killearn Lakes Plantation.

$875,000.00Contact:Brice Pelfrey
Tallahassee Land Company
850-385-6363
bpelfrey@tlhland.com
AcreageLocation:
Silver Lake Rd
Tallahassee, FL 32310
436 acres level, partially wooded land southwest of Tallahassee. Level topography. Engineering plans, environmental studies and development plans are all available for review.

Regent Bank Davie Florida

May 19, 2011

Take a look at the new site

capital2risk.com

This is Sid Spiro he stole $10,000,000 in tax payer money

Sid haven’t even paid interest on the money you stole since 8/10

Sid is a criminal

Cyril where the hell is the $10,000,000 you stole?

Wonder why this clown is bald? He lost $5,363,000 in Q4 2011 alone

This idiot is sitting on $31,00,000 in bad loans

Sid got this place on the problem bank list

The efficiency ratio is 102%, this dope loses money just opening up the doors

The Texas ratio is 78%

Check out the ROE (20%)

Sid Spiro took $10MM in tax payer money, which he won’t repay

Then again Sid hasn’t even paid interest on these funds since 8/10

They are on the problem bank list for weakness in mangement

With $43MM in bad loans and $31MM in equity, it is no wonder Sid is bald

Regent Bank Davie Florida was founded in 1986.  The company took $10MM in tax payer funded bailout money, which it has decided to not repay.  Then again, they haven’t even made a interest payment on  these funds since 8/10.  So, the tax payer has to pay interest but the bank doesn’t have to?  They are on the prestigious problem bank list.  They were cited for having weakness in management, capital, earning and liquidity. What else is there.  It appears as if the made some bad commercial real estate loans.  Shocking a bank in Florida making bad real estate loans. “Regent” the one thing this place rules, is in making bad commercial real estate loans.

The company has $474MM in assets and $41MM in stated equity.

The actual equity is $31MM when you back out the $10MM tax payer loan.

The problem loan situation is phenomenal.  They have $43MM in bad loans.

Check this out, they have $43MM in bad loans and $31MM in equity.

This place is bankrupt.

Why aren’t they shut down?

Net income was ($2MM) in FY10 and ($1.6MM) in FY09.

It looks like the tax payer is not getting paid back.

This bank is a disaster.

Do you have money in this place?

Greer State Bank Greer South Carolina

May 19, 2011

Take a look at the new site

capital2risk.com

This is Ken Harper he took $10MM of your tax payer money, which he won’t pay back

This fat cat hasn’t even paid interest on the money he took, from you since 10/10

Ken Harper makes $266k a year to take your money and run this bank into the ground

This includes country club fees of $12,000 and cell expenses of $9,200

Hold on the tax payer is paying for this fat slob to play golf and he won’t even pay interest on the money he stole?

Does this guy look hungry? he has 3 chins

This fat slob steals your tax payer money to play golf, he is a criminal  

Greer State Bank Greer South Carolina was founded in 1989.  The company took $10MM in tax payer funded bailout money which it won’t return.  In fact, they haven’t even made an interest payment since 10/10.  It’s pretty good when the bank doesn’t have to pay interest on money they borrow!  However, they are not on the problem bank list believe me, this place has problems.

The bank has assets of $438MM with stated equity of $18MM.

The actual equity is $8MM, as the $10MM owed to the tax payer is debt not equity.

This where your tax payer money is going to pay for Greer to go to the Oktoberfest!

The problem loan situation is incredible.  They have $26MM in problem loans, with $18MM on non accrual.

Hold on, they have $10MM in equity and $26MM in bad loans.

This bank is bankrupt.

Why haven’t they been shut down?

Then again, why aren’t they on the problem bank list?

This place is also adept at losing money.

Net income was ($8MM) in FY10, ($1MM) in FY09 and ($5MM) in FY08.

They lost another $1.6MM in Q2 2011.

How are they going to pay the tax payer back $10MM?

At least the executives get paid well for running this place into the ground.

Kenneth Harper     made $266k

Victor Grout            made $161k

Richard Medlock   made $147k

So, Kenneth Harper makes $266k to lose $16MM and takes $10MM of tax payer money?

Kenneth Harper doesn’t even pay interest on the $10MM he took from the taxpayer.

How about  just paying interest on the debt.

Remember Kenneth, this is tax payer money you took.

That’s good pay for wiping out a company and losing millions of dollars!

How about putting this clown in jail?

Is this your bank?

Take your money out of this place

Atlantic Stewardship Bank Midland Park New Jersey

May 19, 2011

 

This is Paul Van Ostenbridge, he took $10MM of your tax payer funded bailout money

He gets paid $295k per year, while he wiped out the stockholders

This clown racked up $48MM in bad loans

Paul, how are you going to pay back the $10MM, you can’t

Atlantic Stewardship Bank Midland Park New Jersey was founded in 1985.  The company took $10MM in government bailout funds which it has not repaid.  The stock is delisted.  For some reason, they are not on the problem bank list.

The company has $683MM in assets with $58MM in equity.

The actual equity is $48MM, as the $10MM in preferred stock from the tax payer is really debt.

The problem loan portfolio is $43MM, with $27MM in non accrual.

They have $43MM in bad loans with $48MM in equity?  The non accrual alone could eradicate the equity.

This place is insolvent.

Why aren’t they closed down?

Why aren’t they on the problem bank list at least?

Net income was $683k in FY10.

How are they going to pay back $10MM?

At least the executives have taken care of themselves.

Paul Van Ostenbridge     made  $295k

Claire Chadwick                  made $155k

John Han                              made   $135

Julie Holland                      made   $135

Not bad pay for running this thing into the ground.

Hey Mark, how about paying the tax payer back then $10MM.

You pay yourself $295k to make $43MM in bad loans and wipe this place out.

How about using some of salary to pay back the tax payer the $10MM you stole.

This team has done a great job of stewardship over this place.

How about using that tithing cash to pay back the money you stole from the tax payer.

This place is bankrupt.

Do you have money in this bank?

They are the stewards of make bad loans.

National Bank of California Los Angeles California

May 19, 2011

 

This is Barry Uzel the CEO, took $9MM of your money which he won’t pay back

Don’t worry, Barry also wiped out the stockholders as the stock is de listed

Barry got the bank on the problem bank list

Barry lost this bank $9MM in the last 2 years, how is going to pay back the $9MM?

Barry makes $618k including a country club membership and a car allowance

No only is he good at losing money, he racked up $28MM in bad loans

National Bank of California Los Angeles was founded in 1982.  The company took $10MM in tax payer funded bail out money which it has decided to not repay.  The company is on the problem bank list.  The company stock is also delisted.

They have $381MM in assets with $42MM in equity.

The actual equity is $32MM, as the $10MM in bailout money is debt, not preferred stock.

The company has $28MM in problem loans.

The bank has $28MM in problem loans with only $32MM in equity!

This place is bankrupt.

Why hasn’t it been shut down?

Net income was ($5MM) in FY10 and ($3MM) in FY09.

How are they going to pay the tax payer back $10MM, they can’t and they don’t seem to care.

The executives won’t pay the tax payer back, but they are paying themselves well to run this thing into the ground.

Barry Uzel          made  $618k

Richard Ritte     made $322k

Scott Peterson   made $270k

Don’t worry, the compensation includes club fees and car allowances.  That is a good use of tax payer money.

So Barry Uzel made $618k, to lose $5MM, wipe out this company and he gets $10MM in tax payer money, which he won’t pay back.

Barry Uzel bankrupted your bank .

Only in America!

Is this your bank? Don’t take your money out, Barry needs it for his country club fees.

Then again, he has $10MM in tax payer money to pay for club fees.

Katahdin Trust Patten Maine

May 18, 2011

 

This is Jon Prescott the CEO, he took $10MM of tax payer funded bailout money

Jon, they want there money back

Katahdin Trust Patten Maine was founded in 1918.  The company received $10MM in tax payer funded bailout  money, which it has neglected to repay.

The company has $508MM in assets and $58MM in equity.

Net income was $4MM in FY10, $3MM in FY09 and $2MM in FY08.

Why haven’t they used these funds to repay the tax payer?

State Bank Northwest Spokane Washington

May 18, 2011

State Bank Northwest Spokane Washington was founded in 1902.  The company took $10MM in tax payer funded bailout funds which it won’t repay.  For some reason this place is not on the problem bank list.  The Texas ratio is 53%.

The company has $99MM in assets and $10MM in equity.

So, the $10MM in equity is all tax payer funded bailout money.

This bank is being propped up by the tax payer.

100% of the equity is tax payer funded.

Why wasn’t this bank closed.

Why isn’t it it on the problem bank list.

Net income was $39k in FY10 and ($1.1MM) in FY09.

How will this bank repay the tax payer $10MM, they can’t.

Do you have money in this bank?

First Community Bank of America Pinallas Park Florida

May 18, 2011

Hire her, she can’t be any worse than Kenneth Chevron

First Community Bank of America Pinallas Park Florida was founded in 1988.  The company took $10MM tax payer funded bailout money, which it failed to repay.  The government forgave $7.2MM of these funds, which they called a discount, resulting in the tax payer losing 70% of the bailout funds.  The Texas ratio was 118% making one on the worst banks in Florida.

The company had $470MM in assets and $28MM in equity.

The bank has $44MM in problem loans.

The company has $44MM in bad loans with $28MM equity.

This bank is bankrupt.

This place should be shut down, not forgiven $7.2MM in tax payer money!

Net income was ($19MM) in FY10, ($5MM) in FY09 and ($3MM) in FY08.

This bank has demonstrated no ability to repay the tax payer.

The executives haven’t been effected, despite wiping out this bank and taking tax payer funds.

Kenneth Chevron     made $370k

Scott Boyle                  made $160k

Ralph Cumbre            made $126k

Clifton Tufts               made  $150k

So this team was paid these salaries, while they government forgave the bank $7.2MM.

Ridge Stone Bank Brookfield Wisconsin

May 17, 2011

That is Bruce Lammars on the right, the president

He took $11MM in bailout money, which he won’t repay

Then again, Bruce hasn’t even paid interest on these funds since 8/09

Bruce also got this place on the problem bank list, they were citied for “weak management”, shocking

He racked up $59MM in bad loans

So why is this guy getting an award?

Ridge Stone Bank Brookfield Wisconsin was founded in 1995.  The company took $11MM in tax payer funded bailout money, which it hasn’t repaid.  As a matter of fact, they haven’t even paid interest on these funds since 8/09.  Interesting, the bank doesn’t have to pay interest on it’s own debt.  They are on the problem bank list as they were cited for having weak management, asset quality, capital and liquidity.  The Texas ratio is  83%, wow.

The company has $463MM in assets with $49MM in equity.

The actual equity is $38MM when the $11MM of so called preferred stock is back out, as it is actually debt.

The problem loan portfolio is profound.  The have $59MM in problem loans.

They have $59MM in problem loans with $38MM in equity. The non accrual is $43MM, this alone will wipe out the equity position.

This bank is bankrupt.

Why isn’t this thing closed down.

How are they going to pay back the $11MM, they can’t.

Their motto “making success happen”?

They might want to change their motto, this company doesn’t look like success

Stonebridge Bank West Chester Pennsylvania

May 17, 2011

Take a look at the new site


CAPITAL2RISK.COM

This disaster lost $9,500,000 in Q4 2011

This bankrupt bank has $35,000,000 in bad loans and $16,000,000 in equity, this thing is bankrupt

This bank stole $10,000,000 in tax payer money

Stonebridge Bank West Chester Pennsylvania was founded in 1999.  The company took $10MM in tax payer funds which it neglect to pay back.  For some reason they aren’t on the problem bank list, let me tell you, this  place has problems.

In Q3 2011 the equity position went from  $25MM to $19MM as they lost another $7MM

These clowns wiped out 38% of the remaining equity in 90 days.

The company has assets of $385MM and stated equity of $20MM.

The actual equity is $10M, as the tax payer bailout is debt not equity.

The problem loans are astonishing.  The have $43MM in problem loans.

So, they have $56MM in problem loans with only $10MM equity.

This place is beyond bankrupt.

Why haven’t they been shut down?

Why aren’t they on the problem bank list?

Net income was ($4MM) in FY10 and ($3MM) in FY09.

They lost another $5.8MM in Q2 2011.

So how are they going to pay the tax payer back $10MM.  They can’t.

They haven’t posted the financial statements on the website since Q2 FY10, do you think this might be a problem?

This place is a disaster, it didn’t take this management team long to run this thing into the ground.

Do you have money in this place, you might want to jump off the bridge.

Stoned bridge?

Has anyone seen the bridge?

Brotherhood Bank & Trust Kansas City Kansas

May 17, 2011

Another fine candidate

Brotherhood Bank & Trust Kansas City Kansas was founded in 1924.  The bank accepted $10MM in tax payer funded bailout funds which it still hasn’t returned.

The bank has $505MM in assets with $52MM in stated equity.

The actual equity position is $42MM when the tax payer debt is backed out.

The company has problem loans of $17MM which could erode the equity base.

Net income was ($1.6MM) in FY10 and ($6MM) in FY09.

So how are they going to pay the $10MM back?

Midwest Bank of Western Illinois Monmouth Illinois

May 17, 2011

Not a bad choice to run the company

Midwest Bank of Wester Illinois Monmouth Illinois was founded in 1870.  The company took $11MM in tax payer funded money which is hasn’t paid back.

The company has assets of $283MM and equity of $44MM

The equity position is actually $33MM when the preferred stock, which is actually debt is backed out.

The company had net income of $1MM in FY10.

Based on this financial performance how long will it take them to pay back $11MM, do the math.

Queensborough Bank & Trust Louisville Georgia

May 16, 2011

 

                                                                                                                  He can’t be any worse than the current management team

Queensborough Bank & Trust Louisville Georgia was founded in 1902.  The company took $12MM in tax payer funded bailout money which they don’t seem to want to pay back. For some reason they aren’t on the problem bank list, believe me this place has problems.  They may want drop the word trust from their name.  How about rebranding this thing as Queensborough Bankrupt, a bank you probably don’t want to trust.

The company has $930MM in supposed “assets” with $73MM in stated equity.

The actual equity is $61MM when you back out the tax payer unpaid funds.

Check out the problem loan portfolio, it is staggering.  They have $79MM in bad loans?

So, they have $61MM in equity with $79MM in bad loans.

Do you think this place is insolvent?

I guess that depends on what your definition of insolvent is.

Well the FDIC is insolvent, so maybe they haven’t defined insolvent yet.

Why isn’t this place closed down.

Then again, why aren’t they on the problem bank list.

That is probably because they are in Georgia and the Texas ratio is  only 48%.

Net income was ($6MM) in FY10, how are they going to pay back $12MM at this rate?

Check out the website, they have 45 properties for sale, do you need vacant land in Georgia?

It seems like all the properties are located near a church.

Is this place a real estate broker or a bank?

One thing they are is bankrupt.

Take a look, you can get their financial statements by going into a branch.  It looks like I provided it for you right here.

Do you have money in this place?

For some reason, they won’t tell who the management team is.

Would you bank and have trust in this thing?

Blue Ridge Bank and Trust Independence Missouri

May 16, 2011

Blue Ridge Bank and Trust Independence Missouri was founded in1958.  The bank took $12MM in tax payer funded bailout money, which it decided to not repay.

It has assets of $465MM and equity of $40MM.

The actual equity is $28MM when the tax payer funding is backed out.

The bank has problem loans of $18MM.

Having $18MM in bad debt with $28MM in equity is not a good situation, the non accrual of $14MM alone could shatter the equity base.

They had net income of $1MM in FY10 and ($13MM) in FY09.

So how are they going to pay back the $12MM?

For some reason they are not on the problem bank list, this place does have some problems.

Meridian Bank Devon Pennsylvania

May 16, 2011

This is Chris Annas the CEO he took $12,000,000 in tax payer money

 

Meridian Bank Devon Pennsylvania was founded in 2004.  The company took $12MM in tax payer funded bailout money, which it doesn’t want to pay back.  They were able to pay a dividend to the shareholders, but not repay the tax payer?

The company has $368MM in assets and $31MM in equity.

The actual equity is $19MM, as $12MM is the tax payer debt that is owed.

The banks problem loan portfolio is $14MM.

So, they have $14MM in bad debt with $19MM in equity, that is a little scary.

Why in’t this place on the problem bank list?

Net income was $1MM in FY10.

At this rate, how long would it take them to pay back $12MM, how does 2023 sound.

This was only the second dividend, they have paid since 2004, great investment.

Then again, shouldn’t they be paying back the tax payer loan instead?

Community Bank Staunton Virginia

May 16, 2011

Take a look at the new site

capital2risk.com

This is C Douglas Richard he took $12MM in tax payer money, which hasn’t been repaid

At least he made $303k last year

Community Bank Staunton Virginia was founded in 1928.  The company took $12MM in tax payer funded bailout money which it has decided to to not pay back.  the Texas ratio is 44%.

The bank has assets of $541MM and equity of $44MM

The actual equity is $32MM as the $12MM in tax payer money is debt not prefered stock.

The company has $18MM in problem loans, which could severely impact the equity position.

Net income was $3MM in FY10 and ($6MM) in FY09.

How come they didn’t use these funds to repay the tax payer?

It looks like they used them for the executive compensation instead.

The executive compensation was not comprised during this debacle.

P. Douglas Richard   made   $303k

Norman Smiley           made  $187k

R. Jerry Giles              made  $156k

It seems like if you are a lawyer or a banker in the south, you have to stick a letter in front of your first name.  I appears as though you get paid more if you do that.

The Peoples National Bank Easley South Carolina

May 16, 2011

This is L Andrew Westbrook he took $12,000,000 in tax payer bailout money which he won’t pay back

Andrew makes $299,000 a year

He is sitting on $18,000,000 in bad loans

The Peoples National Bank was founded in 1986.  The company took $12MM in tax payer funded bailout money, which it decided to not return.  The Texas ratio is 76%. Why is this place not on the problem bank list?

This disaster is business of the month?  They took $12,000,000 in tax payer money.

With $18,000,000 in bad  loans, they are the business on the month

The company has $541MM in assets and $52MM in stated equity.

The actual equity is $40MM, as the $12MM in prefered stock is debt owed to the tax payer not equity.

The bank has $13MM in non accrual, which could effectively wipe out another 33% of the equity position.

Net income was ($440k) in FY10.

At this rate, how will they ever pay back the tax payer $12MM? It appears impossible.

Fortunately, the executive compensation was not effected despite this abysmal performance.

Andy Westbrook is third on the right, why is he smiling?

He took $12,000,000 in tax payer money and has $18,000,000 in bad loans

Andy makes $261,000 a year, the tax payer also pays his $6,928 yearly country fees and pays for his car

 

 

Riggie Ridgeway     made  $342k

L Andrew Westbrook   made $299k

William West                 made $237k

I guess if you are a banker or a lawyer in the south, you get to stick an initial in front of your name.

Take a look at the board of directors, 7 of the 15 members have stuck an initial in front of their names?

How does R. Riggie Ridgeway make more than the whole company.

How is Riggie going to pay the taxpayer back $12MM?

I am R. Riggie Ridgeway, I own a mansion and a yacht.

R. Riggie forgot to post the mission statement since 2008.

He forgot to post the annual report since 2009.

R. Riggie forgot to post the quarterly statement since 12/10.

R. Riggie Ridgeway is CEO Emeritus, what does that mean?

This is definitely the Peoples Bank.  Thanks to the tax payer.

Adams Bank & Trust Ogallala Nebraska

May 16, 2011

These is the Adams family, they took $13MM in bailout money which isn’t repaid

Better call Uncle Fester

Adams Bank & Trust Ogallala Nebraska was founded in 1962.  The company took $13MM in tax payer funded bailout money, which they won’t repay.

The company has $512MM in assets with $57MM in equity.

The actual equity is $44MM, when you back out the so  called preferred stock

The problem loan portfolio is $8MM, which could severely impact the equity position.

Net income was $2MM in FY10 and $5MM in FY09.

Why haven’t they used these funds to pay back the tax payer?

Have you ever been to Ogallala?

I would take my money out of this disaster

Horry County State Bank Loris South Carolina

May 16, 2011

Horry County State Bank Loris South Carolina was founded in 1988.  The company took $13MM in tax payer funded bailout money, which it has refused to pay back.  Then again, it has neglected to pay interest on the funds since 11/10.  For some reason the executives still get paid, despite not paying back the taxpayer.  The Texas ratio is 70%, not good. The stock is delisted, shocking!

The company has assets of $781MM and supposed equity of $20MM.

The actual equity is $13MM because the so called tax payer funded preferred stock is actually debt.

The problem loan portfolio is $45MM.

The bank has problem loans of $45MM and equity of $17MM.

This bank is bankrupt.

Why aren’t they shut down?

Why aren’t they on the problem bank list, believe me, this place has massive problems.

The net income was ($17MM) in FY10 and ($1MM) in FY09.

They lost another $16MM in Q2 2011, that was a good effort.

The bank lost $23MM in Q3 FY2011 wiping out 78% of the equity.  They could be bankrupt be year end.

How are they going to pay the tax payer $13MM?  They can’t, they can’t even pay the interest.

Rest assured the executives still get paid well while they are running this place into the ground.

James Clarkson made $243k

Glenn Bullard     made $177k

Ron Page               made $178k

What do you think, that is good pay for stealing tax payer money and destroying this company.

Check this out, James Clarkson pays himself $243k, he takes $13MM from the tax payer which money, he won’t pay back and doesn’t even pay interest on the money.  He runs up $55MM in bad loans, loses $19MM and wipes out the shareholders.

This guy is a savvy.

They do have one thing, a large portfolio of vacant land.

Doesn’t make them bad bankers.

It makes them rich ones.

Hurray for theses bankers.

Village Bank Midlothian Virginia

May 14, 2011

 

Thomas Winfree took $15MM of your tax payer funded bailout money, which he won’t pay back

He gets paid $236K a year and got this disaster on the problem bank list

This clown racked up $33MM in bad loans

Winfree?   The tax payer is not winning and it is not free, this fat cat banker should be incarcerated

Thomas, the tax payer wants the $15MM back

 

Village Bank Midlothian Virginia was founded in 1999.  The company took $15MM in taxpayer funded bailout money, which it decided to not pay back. For some reason they are not on the problem bank list but rest assured, this place has problems.  The Texas ratio is 56%.

The company has assets of $591MM and stated equity of $48MM.

The actual equity position is $33MM after you back out the preferred stock, which is debt owed to tax payer not equity.

The problem loan portfolio consists of $16MM on loans 30-90 days past due with $17MM on non accrual.

Hold on, that equates to $33MM in problem loans with only $33MM in equity.

This place is technically insolvent, the non accruals alone could wipe them out.

The bank had net income of $549MM in FY10, ($13MM) in FY09 and $468k in FY08.

Based on this financial performance, how long will it take them to the tax payer back $15MM?  About 30 years, it doesn’t look like they will be around that long.

It least the executives get paid well for destroying this place in record time.

Thomas Winfree        made  $236k

C. Harril Whitehurst  made $207k

Raymond Sanders      made  $202k

I guess down south if you are a lawyer or a banker you get to slap a letter in front of your name to make it official.

It didn’t take this team long to bankrupt this place.

Thomas Winfree, he wins $236k for destroying this company and he gets $15MM in free tax payer money.  Now that is a Winfree!

Look on the bright side, they have some attractive vacant lots and residential land developments for sale.

Do you have money in this bank?

If you are a tax payer Thomas Winfree is stealing your money and has no intention of paying it back

This guy is illegal

Grand South Bank Greenville South Carolina

May 13, 2011

Grand South Bank Greenville South Carolina was founded in 1988.    The company took $15MM in tax payer funded bailout money that it has neglected to repay.  The stock was delisted.

They have $362MM in assets with $43MM in stated equity.

The actual equity position is $28MM when you back out the so called preferred stock, which is debt not equity.

The company has $10MM in problem loans.

Net income was (519K) in FY10 and $447K in FY09.

So how are they going to pay the tax payer the $15MM back?

Based on the FY09, they should have it paid back in 33 years!

That is a good use of tax payer money.

Midwestone Bank Iowa City Iowa

May 13, 2011

This is Charlie Funk with the green tie, he took $15,000,000 in bailout money, which he won’t pay back

Why is he smiling? He makes $429,000 a year and the tax payer him $15,000,000

Do you have money in this bank? They have $57,000,000 in bad loans

Midwestone Bank Iowa City Iowa was founded in 1934.  The company took $15MM in tax payer funded bailout money, which they have decided to not repay.

The company has $1.5B in assets with $142MM in stated equity.

The actual equity is $125MM as the $15MM in tax payer funding is actually debt not prefered stock,

The problem loan portfolio is significant $57MM.

So, they have $57MM in bad debt, with $125MM in equity.  The problem loans could severely impact the equity position.

The company had net income of $9MM in FY10 and $3MM in FY09.

So, why didn’t they pay back the tax payer?

Fortunately, the executive pay was not impacted.

Charles Funk    made $429k

Gary Ortale       made $304k

Kent Jehle        made  $333k

Susan Evans    made   $273k

That is pretty good pay for Iowa, maybe they are using the tax payer funding to pay these salaries?

Do you have money in this bank?

So Chuck Funk pays himself $429k to take $15MM from the tax payer, which he had decided to not pay back.

Pay Chuck and not the tax payer!

Funky

So this bank pays Chuck Funk to run this place into the ground.

Chuck Grand Funk Rail Roading the tax payer

Is this your bank?

Chuck wants more of your money.

Community Bank of Tri-County Waldorf Maryland

May 12, 2011

The is the CEO Mike Middleton, he took $16MM in TAARP

He makes $529k a year

Community Bank of Waldorf Maryland was founded in 1950.  The bank took $16MM in tax payer funded bailout money, which it has decided not to repay.

The company has $885MM in assets and $71M in equity.

The bank has $16MM in problem loans.

Net income was $3MM in FY10 and $2MM in FY09.

So why haven’t they used this money to the tax payer back?

At least the executives were well paid.

Michael Middleton made $529k

William Pasenelli     made $441k

Gregory Cockerhan made $346

Maybe they are using the tax payer money to pay these salaries.

With this kind of tax payer money, these boys are crashing at the Waldorf.

Call Michael Middleton, where is the $16MM you stole from the tax payer?

How about putting this guy in jail!

This guy is a criminal, stealing tax payer money and paying himself $529k to bankrupt this place.

Take your money out of this disaster.

Community Bank of Tri-County Waldorf Maryland

May 12, 2011

Community Bank of Tri-County Waldorf, Maryland was founded in 1950.  The company took $15MM in tax payer funded bailout money and has decided to not repay it.  Though, they do pay themselves pretty well.

The company has assets of $885MM with stated equity of $71MM.

The equity position is actually$55MM, as the preferred stock is actually debt not equity, debt that they won’t pay back.

They had $16MM in problem loans which could further erode the equity position.

The net income was $3MM in FY10 and $2MM in FY09.

So how are they going to pay back the tax payers $16MM?. At this rate they it should be paid off by 2020.

Why haven’t they used the NI to pay down on the loan?

Maybe because they have to make sure the executives are well compensated.

Michael Middleton      made   $529k

William Pasenelli          made  $441K

Gregroy Cockerham    made $346

Not bad, maybe the $15MM went to pay these salaries.

These guys are probably staying at the Waldorf.

Are you giving your money to this crew?

Community First Bank and Trust Columbia Tennesse

May 11, 2011

Here is the CEO Marc Lively, he took $17MM in TAARP funds

He made $298k last year

Mark made $151MM in problem loans with only only $39MM in equity

It didn’t take him long to bankrupt this place

They lost $10MM over the last 2 years

The balance sheet is not looking very lively

Good thing has time to play golf, at least he can’t make bad loans there

Community First Bank and Trust Columbia, Tennesse was founded in 1999.  They took $17MM in tax payer funded bailout money, which it won’t pay back.  I couldn’t find it on the problem bank list, but it ought to be.

The company has $678MM in assets with $56MM in supposed equity.

The equity position is actually $39MM, as the $17MM in bailout funds is not preferred stock but debt, which they won’t pay back.

The problem loan scenario is staggering.  They have $41MM in loans past due 30-90 days, get this, there are $110MM in loans on non accrual!

So, they have $151MM in bad loans and $39MM in equity.

This place is flat out bankrupt

Why hasn’t the government shut them down.  What, they think if they wait they will get the $17MM back?

Why aren’t they at least on the problem bank list, this place has problems.

This place is bankrupt.

How are they going to pay back the tax payer $17MM

Net income was ($4MM) in FY10 and ($6MM) in FY09.

So how are they going to pay the $17MM back?

At least the executives are suffering.  They get paid well for wiping this place out.

Mark Lively             made $298K

Diane Scroggins     made$125K

Michael Saporito   made $167K

Carl Cambell            made $177K

Mark Lively gets paid well to run this thing into the ground

That is good pay for causing this disaster.

Florida Bank Tampa, Florida

May 11, 2011

Florida Bank Tampa, Florida was founded in1985.  The company took $20MM in tax payer funded bailout money, which it has neglected to pay back.  Then again, it hasn’t even made interest payments on these funds since 8/10.  For some reason, the company isn’t on the problem bank list. The Texas ratio is 86%.

The company has assets of $839MM with stated equity of $47MM.

Though the stated equity is $47MM, the $20MM is tax payer funded bailout money, which is actually debt not preferred stock.  The actual equity is $27MM.

The problem loan portfolio is immense.  They have $64MM in problem loans

So, they have $64MM in bad loans with $23MM in equity.

This bank is bankrupt.

Why haven’t they been closed down or at least put on the problem bank list?

This bank is also adept at losing money.  Net income was ($42MM) in FY10 and, ($15MM) in FY09.

They lost another in Q1 2011.

How are they  going to pay the tax payer the $20MM back? They can’t

At least the executives were taken care of.

Dale Reid             made   $280

Cindy Robbins made     $239K

That is good pay for destroying this company.

Grayson National Bank Independence, Virginia

May 11, 2011

Grayson National Bank Independence Virginia was founded in 1900.  The Texas ratio is 62%.

The company has assets of $367MM and equity of $29MM.

The problem loan situation is rather large, in relation to it’s equity position.  The company has $24MM in bad loans.

Having $24MM in bad loans and only $29MM in equity puts the equity situation at risk.

The non accrual portfolio alone could wipe this place out.

Jacky Anderson  made $201K

Dennis Gambill    made $155K

Blake Edward       made  $143K

United Security Bancshares Fresno, California

May 10, 2011

That is Dennis Woods on the right, he is the CEO

His bank is on the problem bank list

He makes $662k, which includes a country membership

How many chins is he sporting?

United Security  Bancshares Fresno, California was founded in 1987.  The company is on the problem bank list as it entered into a written agreement with the regulators, for essentially horrible commercial real estate lending.  The Texas ratio is 70%

The company has assets of $682MM with $66MM in equity.

The problem loan portfolio is significant.  There were $13MM loans that are 30-90 days past due and $42MM on non accrual.

The gives them $57MM in problem loans with only $66MM in equity.  The non accrual alone could destroy the equity position.

This bank is probably technically insolvent.

At least they executives didn’t suffer as they ran this place into the ground.

Dennis Woods                 made $662K

Ken Donahue                    made  $252K

Rhodlee Braa                   made   $211K

William Scarborough made $192K

Richard Shope                made $284

Dennis Woods also had $13K in club fees paid for.  All members had $14K in health insurance paid for.

Not bad pay for wiping this place out.

They may want to drop security from their name.

American Bank of the Nashwauk, MN

May 10, 2011

American bank of the North Nashwauk, MN was founded in 1928.  The company is not on the problem bank list, but it probably should be, the Texas ratio is 78%.

The company has assets of $645M with equity of $49MM.

The problem loan portfolio is profound.  The company has $64MM of loans that are 30-90 days past due, with a staggering $52MM on non accrual.

This results in a $116MM in bad loans with only $49MM in equity.

This bank is insolvent, the non accrual alone can eradicate the equity position.

Why is bank not closed down?

Then again, why isn’t it on the problem bank list?

Mohave State Bank Lake Havasu City, Arizona

May 10, 2011

This is RalphTapscott the CEO, the bank is on the problem bank list

Mohave State Bank Lake Havasu City, Arizona was founded in 1991.  The company is on the problem bank list as it entered into a consent agreement due to deficient commercial real estate lending.  The Texas ratio is phenomenal at 122%.  The stock has been delisted.

The company has assets of $302MM with equity of $25MM.

The problem loan list totals $28MM.

They have more problem loans than equity!

This bank is insolvent.

CNL Bank Orlando, Florida

May 10, 2011

Check out the new site

capital2risk.com

This is C Michael Collins

C Michael’s bank is on the problem bank list for get this weakness in management


This idiot is sitting on $131,000,0000 in junk loans and he is smiling?

C Michael wiped this place out in record time

C Michael has a problem with loan quality and capital adequacy? SHOCKING

The C is short for criminal

C Michael lost $49,000,000 in only 2 years

Do you have money in this bankrupt place?

This is Timothy Little

Timothy is sitting on $131,000,000 in junk loans

This little man is looking a big f$$cking load of bad loans, not sure why this dope is smiling

CNL Bank Orlando, Florida was founded in 1997.  The company is on the problem bank list for among other things weak management, loan quality, capital and earnings.  The Texas ratio is 50%.

This is James Miller, this fat cat bankster doesn’t miss a meal

This is Weymon Snuggs can’t make that name up

CNL is short for Can Not Lend

The company has assets of $1.4B with equity of $123MM.

The problem loan portfolio is significant.  Loans of $22MM were 30-90 days past due, there were $11MM over 90 days past due and $47MM on non accrual.

The problem loan situation could effectively wipe out the equity position.

Here is Tom Lytton of CNL Bank he has time to make Sh$$t loans and play golf?

There are $131MM in junk loans with $115 in supposed equity.

This place is bankrupt

CNL, means can not lend.

The company has experienced significant losses with net income of ($26MM) in FY10 and ($23MM) in FY09.

C. Michael Collins bankrupted this place  in record time.

The regulators cited weakness in management, shocking C. Michael.

If you lost $49MM in 2 years, would you still a job?  C. Michael still does.

C. Michael did a stellar job at wiping out the investors, he should be incarcerated.

Take a look at the real estate for sale on the website, this crew likes to finance swampland in Florida.

This place is on life support.

Is this your bank?

Would you give your money to C. Michael ?

Northwest Georgia Bank Ringold, GA

May 10, 2011

This is Welsey Smith the CEO, in the middle, looking like a fat cat banker, that thing is all bought and paid for

His bank is on the problem bank list

Wesley did an admirable job running a 107 year old bank into the ground

Good thing he has time to sponsor a golf tournament, probably closing some more bad commercial real estate deals

Northwest Georgia Bank Ringold, GA was founded in 1904.  The company is on the problem loan list for problem commercial real estate issues.   The Texas ratio is 106%.

The company has assets of $556MM with equity of $32MM

The problem loan portfolio has $3MM in loans 30-90 days past due with $20MM on non accrual.

The non accrual loans alone could wipe out the equity position.

This place is probably technically insolvent.

Bank of Whitman Colfax, Washington

May 10, 2011

Bank of Whitman Colfax, Colfax Washington was founded in 1977.  The company is on the problem bank list as it entered in to a written agreement with the regulators.  The Texas ratio is a phenomenal 175%.

This place is bankrupt.  Check this out, they lost $25MM in Q2, this wiped out the remaining $24MM in equity.  The equity position is now ($319k).

Why isn’t this place closed down?

The company has $651MM in assets and $24MM in equity.

The problem loan portfolio is incredible with non accrual loans of $57MM.

They have $57MM in assets with only $24MM in equity.

This bank is insolvent.

Why is it not shut down?

They are on the list of under capitalized banks

The tier 1 risk bask capital level is 5.77% far below the 8% target.

This is one of the worst banks in the country.

Check out the website, they won’t even tell who runs this disaster

They won’t post the financial statements.

Fortunately, I gave them to you.

This thing is bankrupt.

Do you have money here?

Preferred Bank Los Angeles, CA

May 10, 2011

This Li Yu CEO ringing the closing bell

His bank is on the problem bank list

The bank lost $58MM in the last years

Don’t worry, he gets paid $1.5MM to bankrupt this place

 

Preferred Bank Los Angeles, CA was founded in 1991.  The company is on the problem bank list as it entered into a consent agreement with the regulators.  The Texas ratio is a phenomenal 175%.

The company has assets of $1.2B with a supposed $142MM in equity.

The problem loan portfolio is incredible.  They have $140MM in non accrual loans.

Having $140MM in non accrual with $142MM in equity.

This company is bankrupt.

Why hasn’t it been shut down?

Net income was ($15MM) in FY10 and ($43MM) in FY09.

Fortunately, the executives were not effected.

Li Yu                 made    $1.5MM

Robert Kosof made  $250K

Edward Czajka made $391K

That’s good money for wiping this place out.

Liberty Savings Bank Maple Grove, MN

May 9, 2011

Liberty Savings Bank Maple Grove, MN was founded in 1972.  The company has a phenomenal Texas ratio of 72%.

The company has assets of $1.1B with equity of $91MM.

The problem loan situation could be a huge problem for the limited equity base.  There are $4MM in loans 30-90 days past due with $59MM on non accrual and $14MM in foreclosure.

That  is$63MM in bad loans with just $91MM.

The bank is probably insolvent.

Why are they not closed.

Then again, why are they not on the problem bank list.

The management team was able to lose $45MM in FY10, as they wiped out 35% of the equity.

Inter Savings Bank Maple Grove, MN

May 9, 2011

Fred Stelter wiped this bank

This joker is sitting on $40,000,000 in junk loans with only $11,000,000 in equity

Fred should be in jail

Is FR$$D holding your money?

This is one of the worst banks in the state

Better Fred than DEAD

Inter Savings Bank Maple Grove, MN was founded in 1965.  They are on the problem bank and entered into a cease and desist order with the regulators.  With a Texas ratio of 174%, they more than a problem.

The company has $603MM in assets and only $13MM in equity.

The problem loan situation is interesting.  They have $13MM in loans 30-90 days past due, with $23MM on non accrual.

Hold on, that is $36MM in bad loans with only $13MM in equity.

Can you spell insolvent?

This place should be closed.

The management team wiped out 277% of the equity in the last 3 years!

They have gotten to post their financial statements of the website since 2009. Maybe if they don’t publish the financial information, the customers won’t know how bad this place is.

Park View Federal Savings Bank Solon, Ohio

May 9, 2011

Take a look at the new site

capital2risk.com

The efficiency ratio is 100% Robert King loses money just opening up the bank

Robert King made $730,000 in 2011

That is good pay for being on the problem bank list, for aiding and abetting unsafe banking practices

Unprotected commercial lending practices?

Park View Federal Savings Bank Solon, Ohio has become an honorable member of the problem bank list.  They entered into a cease and desist order with the regulators.  They were cited for aiding and abetting unsafe banking practices.  They were performing unprotected commercial real estate lending. That might be a reason the Texas ratio is 78%.

The company has assets of $890MM with equity of  $74MM.

Take a look at the problem loan situation.  They have $13MM in loans 30-90 days past due, $52MM in loans on non accrual coupled with $43MM in forecloses!

So they have $65MM in bad loans with only $74MM in equity.

This place is bankrupt

How come they haven’t been shut down?

Well, the executives got paid well to destroy this company.

Robert King    made $731K

Marty Adams made $119K

Jeffrey Male made  $164K

Robert is the King of making bad loans.

Anyone looking for foreclosed real estate in Ohio?

Robert is the King, how far does $731k go in Solon Ohio for bankrupting  a bank.

As Robert King says “why rob a bank when you can own one”

Do you have money in this disaster?

It looks like that gut is bought and paid for

Park View Federal Savings Bank
Order to Cease and Desist
Page 1 of 14
UNITED STATES OF AMERICA
Before the
OFFICE OF THRIFT SUPERVISION
)
In the Matter of ) Order No.: CN 09-34
)
)
PARK VIEW FEDERAL ) Effective Date: October 19, 2009
SAVINGS BANK )
)
Solon, Ohio )
OTS Docket No. 01195 ) )
ORDER TO CEASE AND DESIST
WHEREAS, Park View Federal Savings Bank, Solon, Ohio, OTS Docket No. 01195 (Association), by and through its Board of Directors (Board), has executed a Stipulation and Consent to Issuance of an Order to Cease and Desist (Stipulation); and
WHEREAS, the Association, by executing the Stipulation, has consented and agreed to the issuance of this Order to Cease and Desist (Order) by the Office of Thrift Supervision (OTS) pursuant to 12 U.S.C. § 1818(b); and
WHEREAS, pursuant to delegated authority, the OTS Regional Director for the Central Region (Regional Director) is authorized to issue Orders to Cease and Desist where a savings association has consented to the issuance of an order.
NOW, THEREFORE, IT IS ORDERED that:
Cease and Desist.
1. The Association and its directors, officers, and employees shall cease and desist from any action (alone or with others) for or toward, causing, bringing about, participating in, counseling,
Park View Federal Savings Bank
Order to Cease and Desist
Page 2 of 14r
o aiding and abetting all unsafe or unsound practices that resulted in the Association operating with an excessive level of adversely classified assets; an inadequate allowance for loan and lease losses (ALLL) for the volume, type, and quality of loans held; and an inadequate level of capital protection for the volume, type, and quality of assets held by the Association.
Capital.
2. (a) By December 31, 2009, the Association shall meet and maintain: (i) a Tier 1 (Core) Capital Ratio of at least eight percent (8%) and (ii) a Total Risk-Based Capital Ratio of at least twelve percent (12%) after the funding of an adequate ALLL.
(b) The requirement in Subparagraph (a) above to meet and maintain a specific capital level means that the Association may not be deemed to be “well-capitalized” for purposes of 12 U.S.C. § 1831o and 12 C.F.R. Part 565, pursuant to 12 C.F.R. § 565.4(b) (1) (iv).
3. (a) By October 31, 2009, the Board shall adopt and submit to the Regional Director for review and comment a written plan to achieve and maintain the Association’s capital levels prescribed in Paragraph 2 of this Order (Capital Plan). The Capital Plan shall cover the period beginning with the quarter ending September 31, 2009 through the quarter ending December 31, 2011. At a minimum, the Capital Plan shall:
(i) address the requirements and restrictions imposed by this Order;
(ii) detail capital enhancement strategies with specific narrative goals, which shall result in new equity and a capital infusion;
(iii) consider and address the amount of additional capital that would be necessary to meet the capital requirements of Paragraph 2 of this Order
Park View Federal Savings Bank
Order to Cease and Desist
Page 3 of 14
under different forward-looking scenarios involving progressively stressed economic environments;
(iv) identify the specific sources of additional capital;
(v) detail timeframes by which the additional capital will be raised and provide specific target month-end capital levels; and
(vi) provide for alternative methods to strengthen capital, should the primary sources identified under Paragraph 3(a)(iv) of this Order not be available.
(b) Within thirty (30) days after receiving any written comments from the Regional Director, the Board shall revise and adopt the Capital Plan based on such comments. The Board shall ensure that the Association implements and adheres to the Capital Plan. A copy of the Capital Plan shall be provided to the Regional Director within five (5) days after the Board meeting.
(c) Once the Capital Plan is implemented, the Association shall operate within the parameters of its Capital Plan. Any proposed material deviations from or changes to the Capital Plan must be submitted for the prior, written non-objection of the Regional Director. Requests for any material deviations or changes must be submitted at least sixty (60) days before a proposed change is implemented.
(d) The Association shall notify the Regional Director regarding any material event affecting or that may affect the capital or capital projections of the Association within five (5) days after such event.
4. (a) On a monthly basis, beginning with the month ending December 31, 2009, the Board shall review by the last day of each month, a written report that compares projected operating results contained within the Capital Plan to actual results for the
Park View Federal Savings Bank
Order to Cease and Desist
Page 4 of 14
previous month (Capital Plan Variance Report). The Board’s review of the Capital Plan Variance Report and assessment of the Association’s compliance with the Capital Plan shall be fully documented in the appropriate Board meeting minutes.
(b) On a monthly basis, beginning with December 31, 2009, the Board shall provide to the Regional Director, by the 30th day of each succeeding month, a copy of the Capital Plan Variance Report.
5. Within fifteen (15) days after: (a) the Association fails to meet the capital requirements prescribed in Paragraph 2 beginning December 31, 2009; (b) the Association fails to comply with the Capital Plan prescribed in Paragraph 3; or (c) any written request from the Regional Director, the Board shall prepare and submit a written Contingency Plan that is acceptable to the Regional Director. The Contingency Plan shall detail the actions to be taken, with specific time frames, to achieve one of the following results by the later of the date of receipt of all required regulatory approvals or sixty (60) days after the implementation of the Contingency Plan: (i) merger with, or acquisition by another federally insured depository institution or holding company thereof; or (ii) voluntary liquidation by filing an appropriate application with OTS in conformity with federal laws and regulations.
6. Upon receipt of written notification from the Regional Director, the Association shall implement the Contingency Plan immediately. The Board shall provide the Regional Director with written status reports detailing the Association’s progress in implementing the Contingency Plan by no later than the 1st and 15th of each calendar month following implementation of the Contingency Plan (Contingency Status Reports).
Park View Federal Savings Bank
Order to Cease and Desist
Page 5 of 14
Liquidity.
7. (a) Within sixty (60) days, the Board shall adopt revisions to the Association’s Liquidity Policy, which, at a minimum, shall include:
(i) separate ratios and target limits for on-balance sheet liquid assets;
(ii) an increase in the Association’s minimum liquidity ratio;
(iii)
management of liquidity in accordance with OTS Thrift Bulletin 77 and OTS Examination Handbook § 530;
(iv)
periodic stress testing of the availability of all funding sources under specific scenarios and various market conditions;
(v) compliance with Paragraph 16 of this Order regarding the restrictions on brokered deposits, including, but not limited to the monitoring of interest rates paid on deposits for compliance with 12 C.F.R. § 337.6; and
(vi) Board oversight of the Association’s liquidity needs and available sources of liquidity, including a requirement that the Regional Director be notified immediately of any event that would limit the Association’s funding sources or available liquidity amounts.
(b) The Association shall provide a copy of the Liquidity Policy to the Regional Director within five (5) days of Board approval.
Asset Quality.
8. (a) Within forty-five (45) days, the Board shall adopt a schedule of quarterly reduction targets which: (i) reduces the level of adversely classified assets at the Association to no more than 50% of core capital plus ALLL by December 31, 2010; and (ii) reduces the level of adversely classified assets and assets designated as special
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mention at the Association (Criticized Assets) to no more than sixty-five percent (65 %) of core capital plus ALLL by December 31, 2010. The Board shall send a copy of the reduction targets implemented by the Board to the Regional Director within seven (7) days of Board approval.
(b) On a quarterly basis, beginning with the quarter ending December 31, 2009, the Board shall review a written report comparing the projected reduction targets to actual results (Problem Assets Variance Report). If the Board determines that a material deviation exists between a quarterly reduction target and actual results, it shall approve a Board resolution directing specific remediation steps to achieve compliance with the reduction targets by the following quarter. The Board’s review of the quarterly Problem Assets Variance Report shall be fully documented in the Board minutes.
(c) Within sixty (60) days of the close of each quarter, the Board shall provide the Regional Director with a copy of the Problem Assets Variance Report.
9. Within thirty (30) days, the Board shall revise the Association’s ALLL methodologies and policies taking into account the methodology revisions contained in the Matters Requiring Board Attention section of the OTS Report of Examination dated May 4, 2009.
Business Plan.
10. (a) Within sixty (60) days, the Board shall adopt and submit to the Regional Director for review and comment a comprehensive business plan for the period beginning with the quarter ending September 30, 2009 through the quarter ending December 31, 2011 (Business Plan). At a minimum, the Business Plan shall include the requirements contained within this Order and shall include:
(i) well supported and realistic strategies to achieve consistent profitability by
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September 30, 2010;
(ii) the maintenance of capital levels required by Paragraph 2 of this Order;
(iii) the Liquidity Policy revisions provided for in Paragraph 7 of this Order;
(iv) strategies to stress-test and adjust earnings forecasts based on continuing operating results, economic conditions and credit quality of the loan portfolio; and
(vi) quarterly pro forma balance sheets and income statements for the period beginning with the quarter ending September 30, 2009 through the quarter ending December 31, 2011.
(b) The Business Plan shall include all assumptions used in the pro formas, such as: (i) the assumed interest rate scenarios; (ii) assumptions used for noninterest income and noninterest expense; (iii) assumptions used to determine the ALLL; (iv) assumptions for loan origination rates, using recent experience and taking into consideration current national and regional economic conditions; and (v) assumptions supporting the cost of funds projections.
(c) Within thirty (30) days after receiving the Regional Director’s written comments, the Board shall revise and adopt the Business Plan based on such comments. Thereafter, the Association shall implement and comply with the Business Plan. Within five (5) days of Board approval of the Business Plan, the Association shall provide a copy of the adopted Business Plan to the Regional Director.
(d) Once the Business Plan is implemented, the Association shall operate within the parameters of its Business Plan. Any proposed material deviations from or changes to the Business Plan must be submitted for the prior, written non-objection of the Regional
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Director. Requests for any material deviations or changes must be submitted at least sixty (60) days before a proposed change is implemented.
(e) The Association shall notify the Regional Director regarding any material event affecting or that may affect the balance sheet, capital, or the cash flow of the Association within five (5) business days after such event.
11. (a) On a quarterly basis, beginning with the quarter ending December 31, 2009, the Association shall prepare and submit to the Board a report that compares projected operating results contained within the Business Plan to actual results (Business Plan Variance Report). The Board shall review each Business Plan Variance Report and address external and internal risks that may affect the Association’s ability to successfully implement the Business Plan. This review shall include, but not be limited to, adverse scenarios relating to asset or liability mixes, interest rates, staffing levels and expertise, operating expenses, marketing costs, and economic conditions in the markets in which the Association is operating. The Board shall discuss and approve corrective actions, if needed, to ensure the Association’s adherence to its Business Plan. The Board’s review of the Business Plan Variance Report and assessment of the Association’s compliance with the Business Plan shall be fully documented in the appropriate Board meeting minutes.
(b) Within sixty (60) days after the close of each quarter beginning with the quarter ending December 31, 2009, the Board shall provide the Regional Director with a copy of each Business Plan Variance Report.
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Compliance Committee and Progress Reports.
12. Within thirty (30) days, the Board shall appoint a committee of three (3) or more directors to monitor and coordinate the Association’s compliance with the Order (Compliance Committee). The Compliance Committee may be an existing Board Committee that meets the criteria of this provision. The Committee shall be comprised of independent1 directors.
13. Within forty-five (45) days of the end of each quarter, beginning with the quarter ending December 31, 2009, the Compliance Committee shall provide a written progress report to the Board, describing the actions taken by the Association to comply with each provision of this Order and the results of those actions. The Board’s consideration of the Compliance Committee’s progress report for the period, including comments and questions concerning the progress report and additional actions taken or directed by the Board, shall be reflected in the minutes of the Board’s meetings.
14. Within sixty (60) days of the end of each quarter beginning with the quarter ending December 31, 2009, a copy of the progress report for the period with any revisions or comments by the Board shall be provided to the Regional Director.
Growth.
15. Effective immediately, the Association is subject to and shall comply with the requirements and provisions of OTS Regulatory Bulletin 3b. Without the prior written approval of the Regional Director, the Association shall not increase its total assets during any quarter beginning with the quarter ending December 31, 2009 in excess of an amount equal to net
1 For this purpose the term “independent” means that the director is not: (1) a current or former officer or employee of the Association or of an affiliate or service provider of the Association; (2) a member of the immediate family (defined in 12 C.F.R. § 561.24) of a director, officer or employee of the Association or its affiliates; (3) a controlling person of the Association as defined in 12 C.F.R. § 561.14; (4) a borrower or obligor on any outstanding extension of credit from the Association except for loans secured by a lien on the borrower’s primary residence, and (5) and has not served as a consultant, advisor, underwriter, or legal counsel to the Association or its affiliates.
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interest credited on deposit liabilities during the quarter. The growth restrictions imposed by this Paragraph shall remain in effect until the Regional Director reviews and approves the Association’s Business Plan as required under Paragraph 10 of this Order. Any growth in assets, including any growth proposed in the Business Plan, should consider:
(a)
the source, volatility and use of the funds that support asset growth;
(b)
any increase in credit risk or interest rate risk as a result of growth; and
(c)
the effect of such growth on the Association’s capital.
Brokered Deposits and Interest Rate Restriction.
16. Effective immediately, the Association shall comply with the requirements of 12 C.F.R. § 337.6(b) and shall not, without obtaining the prior written waiver of the Federal Deposit Insurance Corporation (FDIC) pursuant to 12 C.F.R. § 337.6(c): (a) accept, renew or roll over any brokered deposit, as that term is defined at 12 C.F.R. § 337.6(a)(2); or (b) act as a deposit broker, as that term is defined at 12 C.F.R. § 337.6(a)(5).
Dividends.
17. Effective immediately, the Board shall not declare or pay dividends or make any other capital distributions, as that term is defined in 12 C.F.R. § 563.141, without receiving the prior written approval of the Regional Director. The Association’s written request for written approval should be submitted to the Regional Director at least sixty (60) days prior to the anticipated date of the proposed dividend or distribution of capital.
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Severance and Indemnification Payments.
18. Effective immediately, the Association shall not make any golden parachute payment2 or any prohibited indemnification payment3 unless, with respect to each such payment, the Association has complied with the requirements of 12 C.F.R. Part 359 and, as to indemnification payments, 12 C.F.R. § 545.121.
Directorate and Management Changes.
19. Effective immediately, the Association shall comply with the prior notification requirements for changes in directors and Senior Executive Officers4 set forth in 12 C.F.R. Part 563, Subpart H.
Employment Contracts and Compensation Arrangements.
20. (a) Effective immediately, the Association shall not enter into, renew, extend, or revise any contractual arrangement relating to compensation or benefits for any Senior Executive Officer or director of the Association, unless it first provides the Regional Director with not less than thirty (30) days prior written notice of the proposed transaction. The notice to the Regional Director shall include a copy of the proposed employment contract or compensation arrangement or a detailed, written description of the compensation arrangement to be offered to such officer or director, including all benefits and perquisites. The Board shall ensure that any contract, agreement, or arrangement submitted to the Regional Director fully complies with the requirements of 12 C.F.R. Part 359, 12 C.F.R. §§ 563.39 and 563.161(b), and 12 C.F.R. Part 570 – Appendix A.
2 The term “golden parachute payment” is defined at 12 CFR § 359.1(f).
3 The term “prohibited indemnification payment” is defined at 12 CFR § 359.1(l).
4 The term “Senior Executive Officer” is defined at 12 C.F.R. § 563.555.
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(b) Effective immediately, the Association shall not increase any salaries, bonuses, or director’s fees or make any other similar payments, directly or indirectly, to the Association’s directors or Senior Executive Officers without prior written non-objection from the Regional Director.
Third Party Contracts.
21. Effective immediately, the Association shall not enter into any arrangement or contract with a third party service provider that is significant to the overall operation or financial condition of the Association5 or outside the Association’s normal course of business unless, with respect to each such contract, the Association has: (a) provided the Regional Director with a minimum of thirty (30) days prior written notice of such arrangement or contract; (b) determined that the arrangement or contract complies with the standards and guidelines set forth in OTS Thrift Bulletin 82a; and (c) received written notice of non-objection from the Regional Director.
Transactions with Affiliates.
22. Effective immediately, the Association shall not engage in any transaction with an affiliate unless, with respect to each such transaction, the Association has complied with the notice requirements set forth in 12 C.F.R. § 563.41(c)(4), which shall include the information set forth in 12 C.F.R. § 563.41(c)(3). The Board shall ensure that all transactions with an affiliate for which a notice is submitted pursuant to this Paragraph of the Order shall comply with the requirements of 12 C.F.R. § 563.41 and 12 C.F.R. Part 223.
Effective Date, Incorporation of Stipulation.
23. This Order is effective on the Effective Date as shown on the first page. The Stipulation is made a part hereof and is incorporated herein by this reference.
5 A contract will be considered significant to the overall operation or financial condition of the Association where the annual contract amount equals or exceeds two percent (2%) of the Association’s total capital.
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Duration.
24. This Order shall remain in effect until terminated, modified, or suspended, by written notice of such action by the OTS, acting by and through its authorized representatives.
Time Calculations.
25. Calculation of time limitations for compliance with the terms of this Order run from the Effective Date and shall be based on calendar days, unless otherwise noted.
26. The Regional Director may extend any of the deadlines set forth in the provisions of this Order upon written request by the Association that includes reasons in support for any such extension. Any OTS extension shall be made in writing.
Submissions and Notices.
27. All submissions, including any reports, to the OTS that are required by or contemplated by this Order shall be submitted within the specified timeframes.
28. Except as otherwise provided herein, all submissions, requests, communications, consents, or other documents relating to this Order shall be in writing and sent by first class U.S. mail (or by reputable overnight carrier, electronic facsimile transmission, or hand delivery by messenger) addressed as follows:
(a) To the OTS:
Regional Director
Office of Thrift Supervision
One South Wacker Drive, Suite 2000
Chicago, Illinois 60606
Facsimile: (312) 917-5001
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(b) To the Association:
Chairman of the Board
Park View Federal Savings Bank
30000 Aurora Road
Solon, Ohio 44139-2728
Facsimile: (440) 914-3916
No Violations Authorized.
29. Nothing in this Order or the Stipulation shall be construed as allowing the Association, its
Board, officers, or employees to violate any law, rule, or regulation.
IT IS SO ORDERED.
OFFICE OF THRIFT SUPERVISION
By: /s/
Daniel T. McKee
Regional Director, Central Region
Date: See Effective Date on page 1
UNITED STATES OF AMERICA
Before the
OFFICE OF THRIFT SUPERVISION
)
In the Matter of ) Order No.: CN 09-34
)
)
PARK VIEW FEDERAL ) Effective Date: October 19, 2009
SAVINGS BANK )
)
Solon, Ohio )
OTS Docket No. 01195 ) )
STIPULATION AND CONSENT TO ISSUANCE OF ORDER TO CEASE AND DESIST
WHEREAS, the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Central Region (Regional Director), and based upon information derived from the exercise of its regulatory and supervisory responsibilities, has informed Park View Federal Savings Bank, Solon, Ohio, OTS Docket No. 01195 (Association), that the OTS is of the opinion that grounds exist to initiate an administrative proceeding against the Association pursuant to 12 U.S.C. § 1818(b);
WHEREAS, the Regional Director, pursuant to delegated authority, is authorized to issue Orders to Cease and Desist where a savings association has consented to the issuance of an order; and
WHEREAS, the Association desires to cooperate with the OTS to avoid the time and expense of such administrative cease and desist proceeding by entering into this Stipulation and Consent to the Issuance of Order to Cease and Desist (Stipulation) and, without admitting or denying that such grounds exist, but only admitting the statements and conclusions in Paragraphs 1 and 2 below concerning Jurisdiction, hereby stipulates and agrees to the following terms:
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Jurisdiction.
1. The Association is a “savings association” within the meaning of 12 U.S.C. § 1813(b) and 12 U.S.C. § 1462(4). Accordingly, the Association is “an insured depository institution” as that term is defined in 12 U.S.C. § 1813(c).
2. Pursuant to 12 U.S.C. § 1813(q), the Director of OTS is the “appropriate Federal banking agency” with jurisdiction to maintain an administrative enforcement proceeding against a savings association. Therefore, the Association is subject to the authority of the OTS to initiate and maintain an administrative cease and desist proceeding against it pursuant to 12 U.S.C. § 1818(b).
OTS Findings of Fact.
3. Based on its May 4, 2009 examination of the Association, the OTS finds that the Association has engaged in unsafe or unsound banking practices that resulted in operating the Association with an excessive level of adversely classified assets; an inadequate allowance for loan and lease losses (ALLL) for the volume, type, and quality of loans held; and an inadequate level of capital protection for the volume, type, and quality of assets held by the Association.
Consent.
4. The Association consents to the issuance by the OTS of the accompanying Order to Cease and Desist (Order). The Association further agrees to comply with the terms of the Order upon the Effective Date of the Order and stipulates that the Order complies with all requirements of law.
Finality.
5. The Order is issued by the OTS under 12 U.S.C. § 1818(b). Upon the Effective Date, the Order shall be a final order, effective, and fully enforceable by the OTS under the provisions of 12 U.S.C. § 1818(i).
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Waivers.
6. The Association waives the following:
(a) the right to be served with a written notice of the OTS’s charges against it as provided by 12 U.S.C. § 1818(b) and 12 C.F.R. Part 509;
(b) the right to an administrative hearing of the OTS’s charges as provided by 12 U.S.C. § 1818(b) and 12 C.F.R. Part 509;
(c) the right to seek judicial review of the Order, including, without limitation, any such right provided by 12 U.S.C. § 1818(h), or otherwise to challenge the validity of the Order; and
(d) any and all claims against the OTS, including its employees and agents, and any other governmental entity for the award of fees, costs, or expenses related to this OTS enforcement matter and/or the Order, whether arising under common law, federal statutes, or otherwise.
OTS Authority Not Affected.
7. Nothing in this Stipulation or accompanying Order shall inhibit, estop, bar, or otherwise prevent the OTS from taking any other action affecting the Association if at any time the OTS deems it appropriate to do so to fulfill the responsibilities placed upon the OTS by law.
Other Governmental Actions Not Affected.
8. The Association acknowledges and agrees that its consent to the issuance of the Order is solely for the purpose of resolving the matters addressed herein, consistent with Paragraph 7 above, and does not otherwise release, discharge, compromise, settle, dismiss, resolve, or in any way affect any actions, charges against, or liability of the Association that arise pursuant to this action or otherwise, and that may be or have been brought by any governmental entity other than the OTS.
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Miscellaneous.
9. The laws of the United States of America shall govern the construction and validity of this Stipulation and of the Order.
10 If any provision of this Stipulation and/or the Order is ruled to be invalid, illegal, or unenforceable by the decision of any Court of competent jurisdiction, the validity, legality, and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby, unless the Regional Director in his or her sole discretion determines otherwise.
11. All references to the OTS in this Stipulation and the Order shall also mean any of the OTS’s predecessors, successors, and assigns.
12. The section and paragraph headings in this Stipulation and the Order are for convenience only and shall not affect the interpretation of this Stipulation or the Order.
13. The terms of this Stipulation and of the Order represent the final agreement of the parties with respect to the subject matters thereof, and constitute the sole agreement of the parties with respect to such subject matters.
14. The Stipulation and Order shall remain in effect until terminated, modified, or suspended in writing by the OTS, acting through its Regional Director.
Signature of Directors/Board Resolution.
15. Each Director signing this Stipulation attests that he or she voted in favor of a Board Resolution authorizing the consent of the Association to the issuance of the Order and the execution of the Stipulation. This Stipulation may be executed in counterparts by the directors after approval of execution of the Stipulation at a duly called board meeting.
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WHEREFORE, the Association, by its directors, executes this Stipulation.
Accepted by:
PARK VIEW FEDERAL SAVINGS BANK OFFICE OF THRIFT SUPERVISION
Solon, Ohio
By: /s/ By:_ /s/
Mark D. Grossi, Chairman Daniel T. McKee
Regional Director, Central Region /s/ Date: See Effective Date on page 1
Marty E. Adams, Director /s/
Steven A. Calabrese, Director /s/
Umberto P. Fedeli, Director /s/
Robert K. Healey, Director /s/
Ronald D. Holman, II, Director /s/
Stanley T. Jaros, Director /s/
Robert J. King, Jr., Director
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/s/
John R. Male, Director /s/
Raymond J. Negrelli, Director /s/
Stuart D. Neidus, Director /s/
C. Keith Swaney, Director

Liberty Savings Bank Wilmington, Ohio

May 9, 2011

Liberty Savings Bank Wilmington, Ohio was recently placed on the problem bank list, as it entered in a cease and desist agreement with the regulators.  Get this, the management team was cited for aiding and abetting unsafe banking practices.  If look at the problem loan situation, they were abetting on commercial real estate. The Texas ratio is 78%.

The company has $948MM in assets and $71MM in equity

The problem loan list is impressive.  They have $11MM in loans 30-90 days past due , $40MM on non accrual and $20MM in foreclosures!

Wow, that is $51MM in bad debt with only $71MM in equity.

This place is looking bankrupt.

They are pretty good at losing money with net income of ($11MM) in FY10, ($25MM) in FY09 and ($14MM).  Income is the operative word.

This crack management team was able to wipe out 77% of the equity in 3 years.

Check out the website, they don’t even tell you who the management team is, do you think they are trying to  hide something?

Well, if you lost $50MM in the last 3 years you might want to keep a low profile.

They forgot to post the financial statements, I guess that they are not at liberty to tell.  Luckily, I have them.

Is this you bank?

You might want to change banks, this place is a disaster.

Give me liberty or give me bankruptcy.

Who is the management team?

Who is the CEO of this thing?

I wouldn’t trust a place that won’t tell you that

Mountain First Bank and Trust Hendersonville, NC

May 9, 2011

Take a  look at the new site

capital2risk.com

This disaster lost $20,422,000 in Q4 2012, wiping out 106% of the remaining equity, this place is history

This is Michael Mayer his bank is on the problem bank list

Michael ran this bank into the ground

 Michael makes $422,000 a year

Michael is sitting on $49,000,000 in junk loans

Michael your Texas ratio is F$$ing 85% you are screwed

This joker lost 68% of the equity in only 3 years,

Michael should be in jail

Michael how about posting your financial statements 

Would you Bank or Trust with this bold Bankster? 

Michael your bank is on the under captilized bank list

Michael how the F$$ are you going to $$

Do you have Money in Michael’s abortion?

Mountain First Bank & Trust Hendersonville, NC was founded in 2004.  The Texas ratio is an astonishing 85%, why isn’t this place on the problem bank list?

The company has $725MM in assets with $38MM in equity.

The problem loan portfolio is out of control. They have $49MM in loans that are on non accrual!

The bank has equity of $38MM, with $49MM loans on non accrual.

This place is bankrupt.

Why hasn’t the government shut them down?

Why aren’t they at least on the problem bank list?

The management team was effective in wiping out 68% of the equity.

Do you want to get fucked by this guy? Most  N. Koreans already have

It might be less invasive than getting fucked by Michael Mayer! Michael will stick it up your ass if you are not sitting down

At least the executives were paid well for running this thing into the ground.

Michael Mayer   made $422K

Vincent Ress      made $172K

Peggy Denny      made $147K

That is good pay for taking this thing down in just 6 years.

Michael Mayer gets paid $422k to wipe out 68% of the equity, that is a good gig. Imagine what he would pay himself if he increased the equity position.

Michael Mayer makes more than the whole bank does, go figure.

They somehow forgot to post the financial statements on the website since 2010, shocking!  There hasn’t been a press release in a year, here is a press release, this place is losing serious money

Do you have money is this bank?

The first thing I would do is jump off the mountain.

They might want to change the name, bank and trust are not the operative words for this place.

Home Savings and Loan Youngstown, Ohio

May 9, 2011

Take a look at the new site

capital2risk.com

This Douglas McKay the CEO

He gets $408k to bankrupt a 122 year old bank

Douglas lost $89MM for this bank over the last 3 years

Douglas runs the worst bank in Ohio

Home Savings and Loan Youngstown, Ohio was founded in 1889.  The company’s Texas ratio is a phenomenal at 78%.  The question is why are they not on the problem bank list.

This is Doug McKay, this A$$hole lost $89,000,000 in only 3 years

This idiot destroyed a 122 year bank
They pay this clown $408,000 a year to bankrupt this disaster 

Doug is sitting on $171,000,000 in junk loans

Doug you got a shit load of vacant land for sale

Doug your loan portfolio is a debacle

They have assets of $2.2B and equity of $184MM.

The problem loan portfolio is immense.  They have $25MM in loans 30-90 days past due, take a look at the non accruals, they are $167MM.

They have non accruals almost equal to the equity position.

This bank is insolvent.

This is James Reske, the CFO he makes $274,000

James lost $89,000,000 for this bank

Why have they not been closed?

This is Patrick Bevak he makes $419,00 a year

Patrick destroyed a 122 year old bank

Patrick your bank is bankrupt

Net income was ($38MM) in FY10, ($16MM) in FY09 and ($35MM) in FY08.  That might have wiped out some of the equity.

At least the executive pay was not compromised, as they did to the equity base.

Patrick Bevak   made  $419K

James Reske made $274K

Douglas McKay made $408k

Pretty good for wiping out a 122 company.

So they paid this these jokers $1MM to lose $89MM and destroy  122 year old bank!

I would think $400k would go pretty far in Youngstown?

These guys should be in jail

Thanks to them you lost your home, your savings and you still have a loan

Tidelands Bank Mount Pleasant, SC

May 9, 2011

Tidelands Bank Mount Pleasant, SC was founded in 2003.  They took $13MM in tax payer funded bailout money, which it hasn’t paid back.  As a matter of fact, they stopped paying dividends on this money on 8/10.  That could be the reason they are on the problem bank list.  They agreed to a consent order with the FDIC for having weak management, capital, asset quality and earnings.  The Texas ratio is an incredible 92%.

The company has $573MM in assets with $29MM in stated equity.

The actual equity is $17MM, as the preferred stock is actually tax payer funded, which they decided to not repay.

The problem loan portfolio could easily wipe out the remaining equity.  They have $4MM in funds 30-90 days past due, with $30MM on non accrual.

So, they effectively have $43MM in delinquent loans with only $29MM in equity.

This place is insolvent.

Why haven’t they been shut down?

This management is also good at losing money.  Net income was ($16MM) in FY10,($11MM) in FY09 and ($4MM) in FY08.

They lost $7MM in Q2 2011.

The bank lost another $8MM in Q3 2011 or 78% of the remaining equity.

How are they going to pay the tax payer back $13MM? That is not going to happen.

At least the executives were not afraid to pay themselves, as the tide went out.

Robert Coffee   made $322K

Alan Jackson    made $283K

Mion Smith         made $287K

It didn’t take this team long to wipe out the institution.

Hey Robert Coffee, the tax payer wants the $13MM back.

Robert Coffee is paying himself $322k, for taking $13MM from the tax payer and not paying it back.

Robert Coffee bankrupted this place in record time.

The market capitalization is $1MM, impressive.

Guaranty Bank and Trust Denver, Colorado

May 9, 2011

Guaranty Bank and Trust, Denver, CO was founded in 1958.  The Texas ratio is 58% making it one of the most compromised banks in CO.  The company has the distinction of being on the problem loan bank list.  It has entered into a written agreement with the Fed for adverse construction and commercial real estate lending.

The company has $1.8B in assets and $186MM in equity.

Check this out, the company has problem loans of $14MM that are 30-90 days past due, the non accrual is a staggering $103MM.

The bank has $117MM in bad debt with $186MM in equity.

The non accruals alone should wipe out the equity base.

This place is probably insolvent.

Not only is this team adept at making bad loans, they excel at losing money.  Net income was ($39MM) in FY10, ($30MM) in FY09 and ($256MM) in FY08.  This management group lost $325MM in  3 years!

Fortunately, the executive compensation was not compromised, like the earnings were.

Daniel Quinn   made $909K

Paul Taylor      made $592K

Pretty good pay for destroying this company. They lost $325MM and Daniel Quinn gets paid $900k? That is a good gig.

Check out the website, they will give you free pizza to lose all of your money.

Maybe they will give you an illegal commercial real estate loan with the free pie.

Don’t worry Daniel Quinn will find a way to take $900k from you.

There is one guaranty, I wouldn’t trust my money with this place.

There is one guaranty Daniel Quinn will make $900k to lose $325MM.

Is this your bank?

Bankers Bank of the West Denver CO

May 9, 2011

Bankers Bank of the West Denver, CO was founded in 1980.  The company took $12MM in tax payer funded bailout money, which it has neglected to repay.  Then again, they haven’t even made a dividend payment on these funds since 11/10. Not a bad deal.  This allowed them to become a member of the problem bank list.  They entered into a written agreement with regulators for general incompetence.  The Texas ratio is an incredible 75%.

They owe the tax payer $527k in unpaid interest.

The net income for Q1 was $622k, why don’t they use this to pay back interest to tax payer?

The company has assets of $387MM with $31MM in equity.

The loan portfolio has $34MM in non accrual.

So they have $34MM in bad loans with only $31MM in equity?

This place is bankrupt.

Why hasn’t it been shut down?

This management team was able to wipe out 35% of the equity position.

How are they going to pay the tax payer back the $12MM?

They can’t, this thing is insolvent

This is the Bankers Bank?

What does a non Bankers Bank look like?

William Mitchell is the CEO.  This guy is one savvy banker.

William, the tax payer wants the $12MM back, how about at least paying interest on the money you stole.

Check out their motto “imagination is the highest kite in the sky”

Can you imagine a balance sheet this bad?

Do you have money in this place?

You should head for the great divide.

First National Bank Fort Collins, CO

May 9, 2011

First National Bank Fort Collins, CO was founded in 1934.  The Texas ratio is hovering at 47%.

The company has $1.8B in assets and $209MM in equity.

The problem loan situation is immense.  There are $22MM in loans that are 30-90 days past due, with $83MM in non accrual and $28MM OREO.

This bank has $105MM in problem loans with only $209MM in equity.

The bank has serious problems.

Why are they not on the problem bank list, this portfolio has issues.

This place is bankrupt.

Do you have money in this bank?

Can you trust a bank that doesn’t post their financial statements or management team on their website.

First Central Savings Bank Glen Cove, NY

May 8, 2011

This is on of the worst banks in New York

The Texas ratio is 100%

Do you have money in this bankrupt disaster?

They lost over $7,000,000 in Q4 2011 alone

This place is history

Take a look at the website, they won’t even tell you who the CEO is, do you money in this disaster?

First Central Savings Bank Glen Cove, NY was founded in 1999.  They have the distinction of being on the problem bank list, as they have entered into a consent agreement with the FDIC.  They were cited for inadequate management, asset quality and earnings.  Maybe that is why the Texas ratio is 93%, making it the 3rd worst bank in NY.

The company has assets of $636MM with equity of $40MM.

The problem loan situation is phenomenal.  They have $21MM in loans 30-90 days past due, with $42MM that are 90+ days past and $44MM in non accrual.

That is $107MM in bad loans with only $40MM in equity.

This place is insolvent!

Why haven’t they been shut down?

Macatawa Bank Holland, MI

May 8, 2011

This Ronald Haan CEO

His bank is on the problem bank list

He makes $286k

Macatawa Bank Holland, MI was founded in 1977.  They became a member of the problem bank list when it entered into a consent agreement with the FDIC.  It was cited for incompetent commercial real estate lending.

The company has $1.5B in assets and $107MM in equity.

The problem loan portfolio is profound.  The company has $5MM in loans 30-90 days past due, an incredible $66MM of non accruals.

Get this, there are $69MM in problem loans with only $107MM in equity.

The equity position declined by 120% in the last 3 years!

This bank is technically insolvent.

Why isn’t this place closed down.

Net income was ($17MM) in FY10 and ($66MM) in FY09, not bad.

Have no fear, the executives were still well compensated.

Ronald Haan made $286K

Jon Swets     made $200K

Jill Wilson     made $155K

Not bad pay for wiping out this institution!

Ronald Haan makes $286k to lose $83MM.

This guy has got it made, image what he would pay himself if they actually made money.

He would be worth a $1MM a year not to lose $83MM.

Capital Bank Raleigh North Carolina

May 8, 2011

This is Grant Yarber the CEO, he took $41MM of TAARP

Grant gets paid $370k to make $125MM in problem loans

Grant lost $127MM over the last 3 years, how is going to pay back $41MM, he can’t

Capital Bank Raleigh, NC took $41MM in tax payer funded bailout money, which it has neglected to repay.  The Texas ratio is 64%.

Nice bow tie Grant where is the $41,000,000, Capital Bank?

Do you have money with Grant?

The company has $1.5B in assets and $74MM in stated equity.

The actual equity is probably closer to $30MM, as the $41MM in so called preferred stock is actually debt, that is owes to the tax payer.

The problem loan portfolio is amazing.  They have $39MM in loans 30-90 past due, with get this, $86MM in loans over 90 days past due!

That means they have $125MM in problem loans with $41MM in equity.

This place is bankrupt, how come they haven’t been shut down?

Then again, why are they not on the problem bank list?

They might want to drop the word capital from their name, that is the one thing they don’t have.

Net income was ($63MM) in FY10, ($9MM)  in FY09 and ($55MM) in FY08

Based on this stellar performance, how are they going to pay the tax payer back $41MM?

At least the executives are getting paid well for causing this debacle.

Check out Grant, he lost $127,000,000 in the last 3 years

Why is this FAT SLOB smiling, he got paid $370,000

This DOPE took $41,000,000 in TAARP

How about putting Grant in Jail

Grant Yarber       made  $370K

David Morgan      made $218K

Mark Redmond    made $195

Grant Yarber made $370k  to lose $127MM and wrack up $125MM in problem loans.

Not bad pay for destroying this bank and taking $41MM in tax payer money.

Hey Grant you might what to change the name of this train wreck, capital is the one thing you don’t have, how about  Insolvent Bank.  The only capital here is what you are taxing from the tax payer.

Encore Bancshares Houston, Texas

May 8, 2011

The guy in the first row on the right is Preston Moore, he took $34MM in TAARP

Preston makes $599k to make $33MM in bad loans

This bank lost $26MM in FY10, how is Preston going to pay back $34MM

Encore Bancshares Houston, Texas was founded in 1956.  The company took $34MM of tax payer funded bailout money, which it has decided to not pay back.

The company has $1.B is assets with $126MM in equity.

The actual equity position is $92MM, as the $34MM that the company has neglected to pay back is not prefered stock, it is debt.

The problem loans are $5MM in 30-90 days past due with $28MM in non accrual.

This $33MM in bad debt could easily wipe out the equity position.

This bank could quickly become insolvent.

The net income was ($26MM) in FY10.

It is not looking good for them to pay back the tax payer’s $34MM at this rate.

Despite this dismal performance, the executive compensation remains intact.

James D’Aostino   made  $360K

Preston Moore   made       $599K

Harold William made        $520K

Not bad pay for wiping out this company and taking $34MM in tax payer funds which they have made no effort to repay!

What can this place do for an Encore, pay Preston Moore money, another $599k to lose another $26MM.

Harold William needs as a pay increase also for wiping out this company.

These boys get paid good for this kind of destruction.

Unity Bancorp Clinton New Jersey

May 7, 2011

Why not hire this cat, can’t be worse than James Hughes

This is James Hughes he stole $20,000,000 in tax payer money which he won’t repay

James gets paid $269,000 to steal your money

James is sitting on $25,000,000 in bad loans

James how are you going to pay back $20,000,000 with $25,000,000 in sh$$t loans

This dope’s bank made $203,000 in Q4 how the F$$ck long will it take James Hughes to pay back $20,000,000?

How about 20 years

James $20,000,000

The company has $818MM in assets with supposed stated equity of $68MM.

They should hire this guy he can’t be worse than James Hughes

The actual equity position is only $48MM, as the $20MM in tax payer funded bailout is actually debt, not preferred stock as stated in the financial statements.

The problem bank portfolio consists of $24MM in loans that are 30-90 days past due,with $31MM in non accruals.

That results in $55MM in past due loans with only $48MM in equity.

This place is insolvent, why haven’t they been closed down?

Then again, why aren’t they on the problem bank list?

The company had net income of $720K in FY10 and ($2MM) in FY09.

Based on these financial results, how are they going to repay the tax payer $20MM.  They can’t!

Fortunately, the executive compensation remains robust.

James Hughes   made $269K

Alan Beder       made $164K

This crew does all right for destroying this company

So James how are you going to pay the tax payer back the $20MM you took?

The executives continue to take money while deciding not to pay back they tax payer!

Carver Bancorp, NY, NY

May 7, 2011

This is Debra Wright the CEO, she took $19MM in bailout money

Debra has not even paid interest on you money since 10/10

Debra gets paid $486k to rack up $120MM in bad loans and run this place into the ground

Carver Bankcorp NY, NY was founded in 1948.  The company stole $19MM in tax payer funded bailout money, which has decided that it doesn’t have to repay.  Get this, they also decided to stop paying interest on these tax payer supported funds since 10/10.  So the tax payer has to pay them interest but they don’t have to pay interest on the tax payer bailout initiative?  They haven’t paid back the bailout money and they are not on the problem bank list.  I would say not paying back $19MM is a problem?  Check this out, the Texas ratio is an astonishing 154%.  As a matter of fact the stock is listed?

The   company has “assets” of $805MM with stated “equity” of $61MM.

The equity position is actually $42MM, as the $19MM in tax payer funded bailout money is not preferred stock it is debt, which they should have paid back to the government.

The problem loan portfolio is insane in relation to the equity position.  They have $30MM in loans 30-90 days past due, the non accruals are, get this $90MM with OREO of $47M.

Hold on, that is $120MM in bad debt with only $42MM in equity.

This place is insolvent, why hasn’t government shut then down?

Another stupider question, why aren’t they on the problem bank list?

This bank is the 2nd worst bank in NY and they aren’t on the problem bank list. Believe me that is stiff competition.

The ROE is (45%), maybe that is why they are delisted.

Net income in FY10 was ($27MM), so how are they going to pay the $19MM back to the tax payer?

At least the executive compensation wasn’t effected.

Deborah Wright   made  $486K

Mark Ricca            made  $208K

This team stole good money for running this 63 year institution into the ground

Check this out, the market capitalization is $1MM?

Is Deborah Wright in paying herself $486K to destroy this place?

Hey Deborah how about at paying interest on the money you stole.

Wright or wrong she is doing better than the tax payer!

Do you have money in this place?

.

Heritage Oaks Bancorp Paso Rubles, CA

May 7, 2011

This is Larry Ward, the CEO, he took $21MM in you bail money, which he hasn’t paid back

Larry hasn’t even paid interest on your money since 2/10

His bank is on the problem bank list

Larry got paid $518k to lose $30MM, not a bad gig

Heritage Oaks Bancorp Paso Rubles, CA was founded in 1983.  The comapny took $21MM in tax payer funded bailout money, which has decided that is doesn’t want to repay.  As a matter of fact, they haven’t even made interest payments since 2/10.  Not a bad deal, the bank doesn’t have to pay interest on money they stole from the tax payer.  What if we didn’t pay interest on money owed to them?  Maybe that is why they are on the problem bank list.  They entered into a consent agreement with the FDIC, for basic incompetence and making bad commercial real estate loans, shocking!

The company has $982MM in assets with $121MM in stated equity.

The actual equity position is $100MM, as the $21MM in preferred stock is actually tax payer funded debt, which they have decided not to pay back.  Then again, they don’t even pay interest.

The problem loan portfolio consists of $2MM in loans 30-90 days past due, $36MM on non accrual.

The non accruals alone, could easily wipe out the equity base.

This bank is technically insolvent.

The net income was ($21MM) in FY10 and ($8MM) in FY09.

So how are they going to pay back the tax payer? They can’t.

Rest assured the executive pay was not effected.

Lawrence Ward  made  $518K

Ronald Oliveira   made  $489K

Joanne Funnari   made   $234K

That is good money for bankrupting this company.

It’s a good thing they can pay themselves but not the tax payer.

Couldn’t they use some of this money to make interest payments.

Why hasn’t the FDIC closed this place down, probably because they are bankrupt also.

Check out the investor relations page.  They have a chart with the efficiency ratio skyrocketing and core EPS getting wiped out.  Guys you probably don’t want the public to see this

Community Bankers Trust Corp Essex Bank Tappahannock VA

May 6, 2011

Take a look a the new site

capital2risk.com

Here is Rex Smith

Rex stole $17,000,000 in tax payer money

Rex won’t even pay interest on the money he stole

Rex means king in latin, he is the king of stealing from the tax payer

Community Bankers Trust Corp. Essex Bank Tappahannock VA was founded in 1921.  The company took $17MM in tax payer funded bailout money, which they have decided to not repay.  Then again, they haven’t even paid dividends on these funds since 5/10.  Leave it bankers to not pay interest on tax payer funds.  Maybe, that is why they are on the problem bank list, having entered into a written agreement with the regulators.  The Texas ratio is 38%.

The company has $1B in assets and $107MM in equity.

The problem loan portfolio consists of $17MM in loans 30-90 days past due, with $52MM on non accrual and $15MM of OREO.

The stated equity of $107MM is actually $90MM, as the prefered stock is not equity it is tax payer funded debt that must be paid back.

As a result, they have $69MM in bad loans and only $90MM in equity.  The non accruals alone, could wipe out the equity base.

 

These people are also pretty good at losing money.  The net income was ($22MM) in FY10 and ($30MM) in FY09.

So how are they going to pay the tax payer back with these staggering loses? They can’t.

At least the executive pay hasn’t been impacted.

Rex Smith              made $212K

George Largent    made $407K

John Oakley           made  $180K

Gary Simanson       “earned”  $3MM

That is good pay for bankrupting a 90 year old institution.  Not to mention stealing $17MM in tax payer money.

Maybe Gary Simanson could use the $3MM to pay back the taxpayer?

Waterstone Bank Wauwatosa, WI

May 6, 2011

Take a look at the new site

capital2risk.com

This place lost another $8,200,000 in Q4 2012

These dopes are sitting on $136,000,000 in junk loans!

Check out Douglas Gordan on the right, why is he smiling?

His bank is on the problem bank list, $145,000,000 in bad loans and $166,000,000 in equity, he is screwed

Don’t worry he makes $427k a year including country club memberships and a car allowance

This is Eric Egenhoe, this cheese-head he makes $402,000 a year

This includes country club fees

Waterstone Bank Wauwatosa, WI was founded in 1921.  They have entered the ranks of the problem bank list, as they have signed a consent order with the FDIC.  That might have something to do with having a Texas ratio of 72%.

The company has assets of  $1.8B and equity of $166MM.

The problem loan portfolio is impressive.  With $29MM in loans past due 30-90 days and non accruals of $89MM.

The problem loan portfolio has the ability to eradicate the equity position.

The non accruals alone could wipe out the equity position.

This company is probably technically insolvent.

There is a $145,000,000 in Shi$$T loans sitting inside this bankrupt debacle

Judging from the earnings performance, they have demonstrated that they can’t earn their way out of this mess.

Rest assured, the executive compensation has not been compromised.

Douglas Gordon   made $427K

Richard Larsen     made  $253K

William Bruss       made   $402K

Eric Egenhoeter made $402K

That is dam good pay for destroying a 90 year old institution.

Don’t worry, the compensation included country club dues and car allowances.

Why isn’t this place closed down?

Douglas Gordon should be fired for bankrupting this place.

Paragon Commercial Bank Raleigh, NC

May 6, 2011

Hire this guy, he didn’t f$ the bank up

Paragon Commercial Bank Raleigh, NC was founded in 1999.  The company has a very high Texas ratio.  This bank is rated a 1 out of 5, which is the worst rating on the scale.

The bank has assets of $1B and equity of $91MM.

The problem loan portfolio consists on $17MM of loans that are 30-90 days past due, with $32MM in non accruals.

That is $49MM of problem loans with only $91MM in equity.

The problem loans could severely compromise the equity situation.

Keep an eye on this place, things don’t look great.

As a matter of fact, they have neglected to post the FY2010 financial statements on their website?

Highlands Union Bank Abingdon, VA

May 6, 2011

These clowns lost $5,924,000 in Q4 2011 alone

These dopes are sitting on $39,000,000 in sh$$t loans

The guy on the left is Sam Neese, his bank is on the problem bank list

Sam is sitting on $45,000,000 in junk loans

The Motto “Don’t lose sight of the customer”? Sam where the hell is the $45,000,000 you stole from the customer?

Sam gets paid $230,000 to run this place into the ground, this includes a country club membership?


Highlands Union Bank Abingdon, VA was founded in 1985.  The company is a member of the problem bank club as it entered into a written agreement with the regulators.  They were cited for general incompetence.  The Texas ratio is 70%.

The company has $655MM in assets with only $32MM in equity.

The problem loan portfolio has the potential to destroy the equity base.  There are $7MM in loans 30-90 days past due, with $31MM in non accrual and $15MM in OREO.

This bank is insolvent, why is not closed.  The non accrual portfolio alone, could eradicate the capital base.

At least the executive salaries are being sustained.

Samuel Neese    made  $230K

Gary Dutton      made    $150K

Wayne Perry    made     $112K

The market capitalization is $15MM!

Citizens Union Bank of Shelbyville Shelbyville Kentucky

May 6, 2011

This is David Dowling he got this place on the problem bank list

They were cited for inadequate management, shocking!

This cat likes to finance vacant land, he is a savvy banker

This is George Borders

George is sitting on $51,000,000 in bad loans

Inadequate asset quality George? Shocking!

Citizens Bank of Shelbyville KY was founded in 1886.  It was nominated to the problem bank list by the FDIC.   It was cited for inadequate management, quality of assets, earnings and capital.  The Texas ratio is a staggering 80%.

Here is the management team they wiped out a 126 year bank

The company has assets of $640MM with equity of $66MM.

The problem loan portfolio is impressive.  They have $3MM in loans past due 30-90 days, with $42MM on non accrual and $18MM in OREO.

With $45MM in problem loans and equity of $66MM, this bank is technically insolvent.

Here is the board?

The non accruals alone could easily wipe out the equity position.

They should put this guy on the board

Why is this company not liquidated?

The one thing they do have is an impressive list of foreclosed properties they need to sell.

Check this out, they have an undevloped 39 acre subdivision, another 33 undeveloped lots for sale, a 34 unit undeveloped sub division and finally 30 more lots for sale in another sub division.

These boys wiped out a 186 year financial institution.

Do any on you developers want to buy some vacant land?

Do you have money in this train wreck?

Double down on the vacant land.

This bank has forgotten to post their financial statements, surprising!

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Description:27 Patio Home Pads / 54 Units for sale in popular & convenient area. Just minutes from I-64 and golf course.

Contact: Larry Rogers  (888) 409-8725
Realtor Link
Status: Available for purchase


  Address: US Highway 421 N

City, State: Greensburg, IN
Description: Land only. Lot 1 consisting of 33 acres zoned residential; Lot 2 consisting of 78 acres zoned heavy commercial.
Contact: Bo Leffel  (317) 639-0441
Realtor Link
Status: Available for purchase


 
Address: 5404 Johnsontown Rd.
City, State: Louisville, KY
Description: 4 bedroom, 1 bath 1092 sq. ft. single family residence. 2 car detached garage.
Contact: Barry Webb (502) 321-4580
Realtor Link
Status: Available for purchase


  Address: 1316 Southgate Ave.

City, State: Louisville, KY
Description: 1400 sq ft., 3 bedroom, 1.5 bath single family residence.
Contact: Barry Webb (502) 321-4580
Realtor Link
Status: Available for purchase


  Address: 4407 E. Pages Ln
City, State: Louisville, KY
Description: 1247 sq. ft., 3 bedroom 1 bath single family residence.  Ready to Move In!! Newly Remodeled with a 2 car detached garage.

Contact: Barry Webb (502) 321-4580
Realtor Link
Status: Available for purchase


Address: 143 & 145 N. Gardiner
City, State: Scottsburg, IN
Description: Commercial Property!! Frontage on Hwy. 31 of 184 highway frontage. 2 story metal building w/1200 sq ft. 1.5 story house w/full, unfinished basement
Contact: Jack Bridgewater  (812) 752-3844
Realtor Link
Status: Available for purchase


Address: 143 & 145 N. Gardiner
City, State: Scottsburg, IN
Description: Commercial Property!! Frontage on Hwy. 31 of 184 highway frontage. 2 story metal building w/1200 sq ft. 1.5 story house w/full, unfinished basement
Contact: Jack Bridgewater  (812) 752-3844
Realtor Link
Status: Available for purchase


Address: 2140 Long Run Road
City, State: Louisville, KY
Description:New Price!! Beautifully renovated home on 5 acres. This old beauty has been updated with new windows, carpet, hardwood flooring, ceramic tiles, paint, bathrooms, patio, deck, new septic tank and more!

Contact: Santosh Bhatt (502) 643-9770
Realtor Link
Status: Available for purchase


Address: 619 West Spring St
City, State:New Albany, IN

Description: Duplex in downtown New Albany. The lower level unit has 3 BR 1 bath & the upper level unit has a 2 BR and 1 bath.
Contact: Rachel Dreyer (502) 386-3669
Realtor Link
Status: Available for purchase


Address: 3405 Taylorsville Rd.
City, State: Taylorsville, KY
Description: 2.80 acres on Taylorsville Rd. located between Elk Creek area and Taylorsville.

Contact: Trish Segrest (502) 439-9877
Realtor Link
Status: Available for purchase


For information on the following development projects contact Jim Long at 633-4450.

  • Dogwood Trace – Shelby Co.
  • Twin Springs – Shelby Co.
  • REVX Holding – Greensburg, IN
  • Cedar Creek Gardens – Jefferson Co.
  • Glenmary Springs – Jefferson Co.
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Cecil Bank Elkton Maryland

May 6, 2011

Take a look at the new site

capital2risk.com

This place stole $11,000,000 in tax payer money

Charles Sponato makes $703,000 a year but he doesn’t even pay interest on the $11,000,000 he stole

These clowns lost $4,546,000 in Q4 2011

Charles Sponato is sitting on $62,000,000 in junk loans, this place is bankrupt

Charles should be in jail

Do you have money in this bankrupt entity?

                                                                                                These two in the front row paid themselves over $1MM

Cecil Bank Elkton, MD was founded in 1954.  The company took $11MM in tax payer bailout funding which it has neglected to pay back,  As a matter of fact, they haven’t even chosen to pay dividends on these funds since 11/09.