Posts Tagged ‘executives paid despite non payment of bailout fund’

Take a look at the new site capital2risk.com The Patapsco Bank Dundalk Maryland

March 24, 2012

This is Michael Dee, this bald clown took $6,000,000 of your tax payer money, which he can’t pay back

capital2risk.com

Look at this Dork, he hasn’t even paid interest on the money he stole from you since 2/10.

Michael Dee makes $186,000 a year to wipe out a 100 year old bank

This criminal made $27,000,000 in bad loans

Michael you lost over $3,000,000 in Q4 2011 alone how the hell are you pay back the tax payer? You can’t

Michael you wiped out your investors, the stock is 90 cents a share,

Michael gets a $6K car allowance for bankrupting this place

Do you have money with this thief?

Michael, were DEE F$$$$ is the $6,000,000 you took

This criminal won’t even pay the tax payer INTEREST on money he stole!

No wonder this guy is bald

Do you have money in this disaster?

This Bill Weidel, this clown is the CFO, he took $6,000,000 from the tax payer

Bill makes $147,000 except he won’t even pay interest on the money he stole

The Patapsco Bank, Dundalk Maryland was founded in 1910.  The company took $6MM in tax payer funded bail out money, which they won’t pay back.  They haven’t even made an interest payment, since 2/10.  For some reason, they are not on the problem bank list. I guess not paying back, the $6MM to the tax payer or not even paying interest, is not a problem to the regulators.

Assets are $269MM, with reported equity of $17MM

The actual equity is $11MM, as the $6MM in bailout money is debt, not equity.

The problem loan portfolio is $23MM.

With $23MM in problem loans and $11MM in equity, this place looks insolvent.


How come this place is not closed down?

How come they aren’t on the problem bank list?

The executives might not care about paying the tax payer back, but they have no problem paying themselves.

Michael Dee               made   $186k

Laurence Mitchell   made $144k

William Wiedel          made $147k

That is good pay for bankrupting a 100 year financial institution.

Michael, you got paid, where is the $6MM you took from the tax payer?

Michael, you pay yourself, but you won’t even pay interest on the money you took.

Do you have money in this place?

The government is using your money to prop  up this insolvent bank.

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Porter Bank Lousville Kentucky

February 17, 2012

Check out the new site

capital2risk.com

This clown wiped out a 100 year bank

J Chester you lost $45,000,000 in Q4 2011 alone

J Chester lost $96,000,000 in 2011?

J. Chester Porter took $35,000,000 in tax payer money which he won’t pay back

J Chester makes $512,000 a year

J Chester where is the $35,000,000 you owe the tax payer?  Check you pocket

Take your money out of this bank 

This disaster is on the under capitalized bank list

J Chester also wiped out all the stock holders

J CHESTER THE TAX PAYER MOLESTER

Porter Bank Louisville Kentucky has taken $35MM in tax payer funded bailout money, which it has decided it won’t repay.

Assets are $1.3B  with equity of $135MM.

They won’t pay back the tax payer, but they can sure pay themselves.

That is J Chester Porter one the right he took $35,000,000 of your money

J. Chester Porter    made  $512k

Maria Bouvette is the CEO, this wench took $35,000,000 in tax payer money which she won’t pay back

You would think for $495, 000 a year she could get a decent haircut

Maria is sitting on get this $69,000,000 in under performing loans

Do you think this clown has a clue what she is doing?

Maria Bovuette    made $495k

David Pierce             made $417k

C Bradford Harris  made $179k

J. Chester, you pay yourself well, but you won’t pay back the tax payer.

J. Chester, where is the $35MM you stole from the tax payer?

How about this cat for CEO can’t be any worse than J. Chester

Do you have money in this place? Call J Chester and ask him for the $35MM he took.

J. Chester should be in locked up.

First Security Bank Batesville Mississippi

February 10, 2012


Take a look at the new site

capital2risk.com

 

That fat slob on the left is Frank West

This bald clown  stole $18,000,000 from the tax payer

First Security Bank, Batesville Mississippi was founded in 1952.  The company took $17.9MM of your tax payer money, which it won’t pay back.

Assets are $523MM, with equity of $57MM.

The actual equity is $39MM, the $17.9MM that is owed to the tax payer is debt, not preferred stock.

The problem loan portfolio is $24MM.

Having $24MM in problem loans, with $39MM in equity is probably not a great situation.

This place is probably bankrupt.

Why isn’t this place at least on the problem bank list?  Those regulators don’t quite have it figured out.

Net Income was $1,302MM in FY10, $798k in FY09 and $183k in FY08.

They paid dividends to the shareholders of $1.4MM in FY10, $1.4MM in FY09 and $1.4MM in FY08.

Hold on, they are making money, paying dividends to the stock holders but won’t pay back the tax payer.  Something is wrong here.

Take a look at the Net Income, based on this financial performance, how long will it take them to pay back $17.9MM.  20 years sounds about right.  However, that is contingent on them actually making payments.

Fortunately, even though the tax payer is not getting paid back, the executives are paying themselves well.

Frank West               made $279k

William Fleming     made $157k

Connie Hawkins     made $157k

Connie Hawkins?

Jeff Herron              made $156k

Dwayne Myers       made $163k

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

The tax payer is paying for these clowns to play golf.

Look on the bright side, at least when they are playing golf, they can’t make bad loans.

Frank West, you took $17.9MM from the tax payer, won’t pay it back, make a ton bad loans and wipe out the stock holders. They pay you $279k to bankrupt a 59 year bank and pay for you to play golf.  You have it made.

Frank, seriously where is the $17.9MM?

Do you bank with these criminals.

First Security?  The one secure thing is, the tax payer isn’t getting their $17.9MM back.

Capital2risk Most Wanted 2011

December 30, 2011

Peter Converse of Virginia Commerce Bank Arlington Virginia

Peter took $71,000,000 in bailout money

Peter makes $461,000 a year, which includes country club fees

Mitchell Feiger of MB Financial Chicago Illinois took $196,000,000 in tax payer funded bailout money

Mitchell makes $1,300,000 which includes a country club membership.

Mitchell plays  golf on your tax dollars

Check out Mitchell, he is trying to figure out how to grab more money from the tax payers A$$s

Check out Pressley Ridgill, he took $52,000,000 in tax payer money

Pressley makes $439,000 which includes a country club membership, paid for by the tax payer


This fat cat is Allen White, he ran Plains Capital Bank Lubbock Texas into the ground

 Allen took $82,000,000 in tax payer money

Allen got paid $3,300,000 and his country club membership from the tax payer, as he destroyed this bank

Allen has 3 chins, does it look like this bankster has ever missed a meal?

 

This is Michael Rechin, he bankrupted First Merchants Bank Muncie Indiana

Michael took $107,000,000 of you money, which he can’t pay back

Michael got paid $625,000 to destroy a 118 year old bank

Falcon International Bank Laredo Texas

December 29, 2011

Take a look at the new site

capital2risk.com

Gilbert Narvaez, the President and Adolfo Gutierrez, the CEO ran this place into the ground

They were able to get this place on the problem bank list, it is one of the worst banks in Texas, with a Texas ratio of 71%.

The bank was citied for “weakness in management” shocking.

Take a look at the website, these boys have a lot of vacant land for sale, these guys are savvy banks!

Falcon International Bank Laredo Texas was founded in 1986.  The company is on the problem bank list.  They like to engage in unsafe and unsound banking practices.  The bank was cited for having weaknesses in asset quality, liquidity, deterioration in capital, earnings and deficiencies in management.  The Texas ratio is 71%, making it one of the worst banks in the state.

The bank has assets of $875MM, with $81MM in equity.

They have $71MM in problem loans.

Hold on, they have $81MM in equity, with $71MM in bad loans? That is not good amigos.

Take a look at the website, this disaster has serious levels of real estate for sale.  Is this place a bank or Caldwell Banker?

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.

First Community Bank Lexington South Carolina

December 21, 2011

This is Michael Crapps, he took $11MM in TAARP, which hasn’t been repaid

His bank is also on the problem bank list

The bank lost $30MM in the last 2 years, how are they going to pay back $11M?

Crapps is what this bank is

Why is Mr. Crapps f$$?king bald?

He stole $11,000,000 in tax payer money, which he can’t pay pay back, he got this place on the problem bank list

He stole $11,000,000

He lost $31,000,000 the last 2 years

Crapps also wiped out the stockholders

That is CRAPPS

Michael gets paid $399k to run this place into the ground

This is David Proctor he makes $173,000 a year

David is Chief Credit Officer

First Community Bank of Lexington, SC was founded in 19995.  The company took $11MM in tax payer funded bailout funds, which it has neglected to return.  The company has the dubious distinction of being on the problem bank list, as they entered into a formal agreement with the regulators on 4/10.  The Texas ratio is 20%.

The bank has assets of $599MM and stated equity of $40MM.

However, the $11MM in tax payer bailout funds is not equity it is debt, that the company has chosen not to repay.  The actual equity is probably $29MM.

The problem loans consist of $2MM in loans past due 30-90 days, with $6MM in non accrual and $6MM in OREO.

That is $14MM in problem loans backed up by $29MM in equity, not a great situation.

This place looks relatively insolvent.

Then bank had net income of $1MM in FY10, ($25MM) in FY09 and ($6MM) in FY08.

How are they going to repay the tax payer funded $11MM, it doesn’t look good!

At least the executive compensation wasn’t impacted.

Michael Crapps  made $339K to do it.

David Proctor       made $173

The stock has a market capitalization of $23MM, or 60% of book, that is Crapps.

Crapps is what Michael is doing to the tax payer, this piece of S$$$?t, takes $11MM from the tax payer and won’t pay it back

At last he gets paid $339K to do  steal tax payer money, that kind of money is not Crapp.

Do you have money in this piece of Crapps.

East Carolina Bank Engelhard North Carolina

December 21, 2011

This is Dwight Utz he took $17MM in bailout money

The bank made $200k in FY10 and ($400M) in FY09, how the hell long will it take them to pay back $17MM

Dwight makes $311k, good pay for wiping out a 92 year old bank

This is Thomas Crowder the CFO he makes $231,000 a year

Thomas owes the tax payer F$$ing $17,000,000

Thomas you are wiping out a 100 year old bank

East Carolina Bank Engelhard, North Carolina was founded in 1919.  The company took $17MM in tax payer funded bailout money, which it has decided not to repay.  It is not on the government problem bank list.  I guess not paying back the tax payer back, is not a problem.

The company has $919MM in assets with $80MM in equity.

The actual equity is $63MM as the $17MM in bailout money is debt not preferred stock, despite the fact that they won’t repay it.

There are $23MM in problem loans.  The non accrual alone could eradicate a large part of the equity position.

Net income was ($200K) in FY10 and $499K in FY09.

These crooks owe you $17,000,000

Based on this financial performance, how are they possibly going to pay back the tax payer’s $17MM?

Fortunately, the executives haven’t suffered or made any effort to pay back the tax payer.

Dwight Utz               made $311K

Thomas Crowder  made $231K

James Burson         made $204K

At least these boys are well taken care of.

They have made a good effort at wiping out a 92 year old institution.

Is this your bank?

Dwight Utz?

Dwight got paid all right, for running this place into the ground.

Dwight, when are you going to pay back the tax payer the $17MM you stole

Do you have money in this bank?

Next time you go into the branch, ask them when they are going to stop paying Dwight Utz for his incompetent management, and pay back your $17MM in tax payer money.

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ECB Bancorp, Inc. Announces Termination of Securities Purchase Agreement
Company Release – 02/08/2012 18:24
ENGELHARD, N.C.–(BUSINESS WIRE)– ECB Bancorp, Inc. (the “Company”), the parent company of East Carolina Bank (the “Bank”), today announced that the Company and FIE I LLC, an affiliate of PIMCO BRAVO Fund, L.P. (“BRAVO Fund”), Patriot Financial Partners, L.P. (“Patriot”), an affiliate of Endicott Management Company (“Endicott”) and three other institutional investors (collectively with BRAVO Fund, Patriot and Endicott, the “Investors”) mutually agreed to terminate their previously reported Securities Purchase Agreement, as amended and restated (the “Agreement”). As previously disclosed, the Company and each of the Investors had entered into the Agreement under which the Company would issue $79.7 million in Company common stock in a private placement offering at a price of $16.00 per share. Pursuant to the terms of the Agreement, the Company had also agreed to issue to the Investors warrants to purchase shares of either voting common stock or a new class of the Company’s mandatorily convertible non-voting common stock at a purchase price of $8.00 per share and in an amount equal to 25% of the number of shares of common stock each Investor would purchase in the Offering. Not all the required regulatory approvals necessary to complete the transaction had been received by all of the Investors as of the termination date.Despite the termination, the Company and the Investors expect to work on an alternate private placement offering. No assurances can be made that a new securities purchase agreement can be reached between the parties or that the terms and conditions of any such new agreement, including the purchase price, would not differ materially from the terms of the prior Agreement.ECB Bancorp, Inc.
A. Dwight Utz, President and CEO
252-925-5509 Office
800-849-2265
or
Thomas M. Crowder, Executive Vice President and CFO
252-925-5520
252-925-8491 facsimileSource: ECB Bancorp, Inc.
Click here for Printer-Friendly Version

Advantage Bank Cambridge Ohio

December 21, 2011


This is James Huston the CEO

James got this place on the problem bank list for “detrimental management practices”

He got paid $614k to wipe out a 120 year bank and lose $25MM in the last 2 years

This is one fat cat bankster. How many chins does this guy have?

Advantage Bank Cambridge Ohio was founded in 1891.  The company is on the problem bank list and has entered into a cease and desist agreement on 7/31/09.  Among adverse practices cited were management policies that were detrimental to the bank, inadequate capital, excessive delinquent loans and get this “hazardous lending practices? “Advantage Bank” how about disadvantage bank. The Texas ratio is 65%

The company has $816MM in assets and $47MM in equity

Problem loans consist of $7MM in loans past due 30-90 days with $40MM in non accrual and $10MM in OREO.

Net income was ($14MM) in FY10 and ($11MM) in FY09.

So this company has $47MM in bad debt supported by $47MM in equity

This place is insolvent, why has it not been shut down?

Have no fear, the executive compensation has not been impacted.

James Huston made $614K

David Caldwell made $185K

Tony Greenwalt made $176K

So James Huston destroyed a 120 year institution and was paid $614K to wipe this place out, not a bad gig.

It must be cool to engage in “hazardous lending practices” and get paid $600K a year, that is and advantage!

It looks like the regulators are keeping an eye on things.

Do you have money in this disaster?

Call James Houston, it is not bad to charge $614k to lose $25MM.

He wiped out 53% of the equity in only 3 years.


Eastern Virginia Bancshares Tappahannock, VA Joe Shearin took $24,000,000 of tax payer money Joe made $56,000,000 in bad loans Joe makes $438,000 to take out your money Joe is a criminal

December 19, 2011

This is Joe Shearin CEO, took $24MM of your money, which he won’t pay back

Joe made $438k for making $56MM in bad loans

He lost $18MM in the last 2 years, how is he going to pay $24MM back?

Eastern Virginia Bancshares Tappahannock, VA was founded in 1910.  The company took $24MM in tax payer funded bailout money, which they have neglected to pay back.

They have $1B in assets with $85MM in supposed equity.

However, the $24MM of equity from the tax payer bailout funds is actually debt not preferred stock.  This results in an actual equity base of $61M.

The problem loan portfolio consists of $20MM of loans that are 30-90 days past due, with $36MM on non accrual and $11MM in OREO.

So they have $56MM in problem debt and only $61MM in equity.

This bank is technically insolvent, how come they are not on the problem bank list?

The financial performance was not exactly stellar.  Net income was ($10MM) in FY10 and ($8MM) in FY09.

Based on these results, how are they going to pay the tax payer back $24MM, they can’t.

Thankfully, the executives are still being well compensated.

Joe Shearin    made $438K

James Hackett   made $197

Pretty good salaries for destroying a 101 year old institution.

So Joe Shearin loses $18MM, runs up $64MM in bad loans, steals $24MM from the tax payer and pays himself $438k to do this. Only in America

They have forgotten to post the annual report on the website since 2008. Probably to busy losing money for such nonsense.

Pinnacle Bank Orange City Florida

December 18, 2011

Take a look at the new site

capital2risk.com

These jokers lost $5,500,000 in Q4 2011, wiping out 63% of the remaining equity

Wow, these fat cats took $4.4MM of your money, which they haven’t even bothered to pay interest on since 5/10

It is good that they have time to play golf on the tax payers money

That cat on the left isn’t missing any meals thanks to TAARP, that stomach is all bought and paid for thanks to  the tax payer

These boys are down in the trenches or maybe bunkers

Using tax payer money to sponsor golf tournaments, who is better than these bankers, and they are bankrupt.

Do you think that clown in the middle has done any hazardous commercial real estate lending?

These boys are on the problem bank list and living large.

This is David Bridgeman, David stole $4,400,00 of the tax payers money

David has not even paid interest on your money since 5/10

This fat cat bankster is on the problem bank list for hazardous commercial lending

This clown is going bald but he can grown pubic hair on his face.

Pinnacle Bank Orange City Florida was founded in 1999.  The company took $4.4MM in tax payer funded bailout money, which they won’t pay back.  Then again, they haven’t even paid interest on it since 5/10.  They are also on the problem bank list for hazardous commercial real estate lending. The Texas ratio is 73%.

Assets are $205MM and supposed equity is $13MM.

The actual equity is $8.6MM, as the $4.4MM in taxpayer funding they stole, is debt not preferred stock.

The problem loan portfolio is $17MM.

With $17MM in problem loans and $8.6MM in equity, this place is bankrupt.

How are they going to pay the tax payer back the $4.4MM?  They can’t even pay the interest.

David Bridgeman owes you $4,000,000, he won’t even pay you interest

David does have time to play golf

David Bridgeman is the CEO.

This guy stole tax payer money, can’t pay it back and ran this place into the ground. Pinnacle?

Check out the website, here is a quote from David Bridgeman, “they wanted somebody who’s a real banker, down in the trenches, who has recently been examined by the FDIC”.

David, the FDIC examined you and put you on the problem bank list.

David, where is the $4.4MM you owe the tax payer, how about at least paying the interest.

Do you have money in this debacle.

They are the Pinnacle, of making bad loans.

Mr. Bridgeman (local community banker) goes to Washington
 
David Bridgeman doesn’t need to watch television or read reports to understand the devastation the recession is causing on Main Street.The Orange City community banker witnesses those effects daily —sometimes even in his own office.The CEO of Pinnacle Bank recalls a local small business owner recently breaking down in tears in front of him while explaining how his company’s financial situation hadbecome so dire he was forced to lay off several longtime employees.It’s a story that Bridgeman has beenhearing from far too many area businesses these days. Several have closed in recent months, including the West Volusia Chamber of Commerce.The increasing need to provide loans to small businesses prompted Pinnacle last year to become the first community bank based in the Volusia-Flagler area to receive Troubled Asset Relief Program funds from the federal government.The nearly $4.4 million Pinnacle received from the TARP Capital Purchase Program should not be confused with the bailouts thefeds have been doling out to the so-called too-big-to-fail Wall Street firms and national banks.To qualify for TARP funds, community banks, unlike the banking giants, must prove they are financially sound.

Pinnacle, in both November and December, was ranked by the U.S. Small Business Administration as the No. 2 SBA lender in the North Florida district, which includes Volusia and Flagler counties, in terms of dollar amount.But “unduly harsh” restrictions placed by federal regulators, including requiring community banks to have higher than reasonable or necessary risk-weighted capital ratios, are making it increasingly difficult, if not impossible, for banks to continue issuing loans to small businesses, says Bridgeman.
If President Obama and Congress are serious about wanting to encourage banks to give Main Street businesses a helping hand, they need to ease restrictions on community banks, says Bridgeman. Making federal funds available to community banks is good and fine, but of no use if those funds come with too many strings attached, he says.On Feb. 11,  (February 26th at 10:00 a.m) Bridgeman will get a chance to tell members of Congress.Thanks to a recommendation from Congressman John Mica (R-Winter Park), Bridgeman recently received an invitation from the office of U.S. Rep. Barney Frank to testify before a joint-meeting of the House financial services and small business committees in Washington, D.C.“They wanted somebody who is a real banker down in the trenches that’s been recently examined by the FDIC … someone in banking where the rubber meets the road,” Bridgeman explains.They certainly found a person who fits that bill in Bridgeman.
 Wonder if Conressman John Mica plays golf?Mica: Florida Community Banker Makes Plea to CongressWashington, Feb 26 -Washington, .C. — At the request of Congressman John L. Mica (FL-07), community bank President David Bridgeman of Pinnacle Bank in Orange City testified before a joint Congressional Panel on the plight of local banks.  Bridgeman is the only witness in a three panel Congressional hearing not representing a major financial or banking trade association.  Congressman Mica was instrumental in both calling for the hearing and making certain that Florida community bankers that have been hard hit by Federal Regulators had a voice in their attempts to restart lending.  This joint hearing held by the House Committee on Financial Services and House Committee on Small Business addressed the difficulties faced by community banks as they have been stymied by federal regulators.

In David Bridgeman’s testimony he spoke on “[T]he challenges impacting small and commercial real estate credit availability.”  Bridgeman went on to say, “Community banks are the life blood for small business in America…Although community banks hold around 11% of total industry assets, community banks originate 38% of all small business and farm loans.”

Bridgeman stated that, “Pinnacle [Bank] did not make the subprime or exotic risky mortgages nor did we invest in complex derivative securities that led to the current crisis…Pinnacle Bank was the second largest SBA lender in North Florida.”

“We ended 2009 in a strong capital position,” Bridgeman continued, “Despite the bank’s strong capital position…the FDIC field examination…is recommending that our capital status be downgraded to ‘Adequately Capitalized’…This type of heavy handedness from the regulators is ultimately obstructing the economic recovery.”

Bridgeman mentioned the challenges of “Viable businesses with good credit histories and reasonable equity cannot obtain loans because their income and liquidity to support debt repayment are not sufficient for banks to make a loan using prudent underwriting standards.”

To summarize Bridgeman stated that, “The current regulatory environment is having a debilitative affect on local lending.”

Congressman Mica was encouraged to have our community represented at this hearing and went on to say, “We need to make sure that capital is available for job creation. Jobs are a top priority.”

http://mica.house.gov/news/DocumentPrint.aspx?DocumentID=173852

 

Reliance Bank St. Louis Missouri Run on the bank Monday Arlan took $40,000,000 of your money the tax payer is funding his country club expenses

December 17, 2011

Arlan D Ivie IV makes $308K a year

He took $40MM of your tax payer money and hasn’t even paid interest on it since 2010

His salary includes country club fees and car allowances

Bow tie not financed by the tax payer

Reliance Bank, St. Louis Missouri is on the problem bank list.  The company took $40MM in tax payer funded bailout money, which it can’t repay.  Then again, they haven’t even paid interest, since 10/10.  The stock is delisted

Assets are $1.1B, with supposed equity of $86MM.

The actual equity is $46MM, the $40MM in tax payer funding is debt not preferred stock.

Are you sitting down? The problem loan portfolio is $171MM!

Hold on, they have $171MM in problem loans and $46MM in equity.

This place is bankrupt.

This place needs to be shut down immediately.

Why haven’t the incompetent regulators shut this place down? Because the are idiots.

Check out the financial performance.  Net income was ($4MM) in FY10, ($37MM) in FY09 and ($20MM) in FY08.

They lost another $12MM in Q2 2011.

The bank lost another $16MM in Q3 2011.

So how are they going to pay back the $40MM.  The tax payer is screwed.

Have no fear, the executives won’t pay back the $40MM, but they had not problem paying themselves.

Arlan D Ivie lV         made   $308k

Jerry S Von Rohr    made $347k

Dale Oberkell            made $236k

Daniel Jasper            made $191k

David Matthews       made $189k

Don’t worry, these salaries included country club fees and car expenses.

It is a good thing that the $40MM from the tax payer, is paying for this crew to play golf, while bankrupting the company.

Arlan D Ivie IV, I am not sure the world really needs four Arlan D Ivie’s.  Number four has done enough damage, this clown wiped out 33% of the equity in 3 years.

Arlan D., you took $40MM from the tax payer, didn’t pay it back, bankrupted the company, racked up $183MM in bad loans and wiped out the stock holders. You pay yourself $308k and the tax payer pays for your country club expenses. You got it made.

Reliance Bank, you can rely on them to take $40MM in tax payer money, and not pay it back.

Take your money out of this disaster

Arlan where is the $40MM you took from the tax payer?

Do you have one in this disaster?

I am not sure I would put much reliance in this bankrupt entity

Gotta love the bow tie.

These are savvy bankers.

Tennessee Commerce Bank Franklin Tennessee

December 17, 2011



This is Michael F$$ing Sapp

Michael Sapp stole $30,000,000 in tax payer which he can’t pay back

This criminal makes $727,000 to steal your money

This Sapp’s bank is on the problem bank list, do you have money with this crook?

The tier 1 capital is .95%, which is considered critically under capitalized.

This fat slob runs one of the worst banks in the country

This guy took $30MM of you tax payer money, which he can’t pay bank

He gets paid $727K to bankrupt this place, this is one of the worst banks in the country, this place is bankrupt

Who is the Sapp Michael or  the taxpayer , this fat cat is not hungry, he has 3 chins

This is Martin Zorn, this fat pig makes $663,000 a year

This slob took $30,000,000 of your money

Martin runs one of the worst banks in the country

Martin should be in jail

Martin where the F$$ck is the $30,000,000 you stole from the tax payer

I stuck it up the tax payers Ass and got paid $663,000

Tennessee Commerce Bank Franklin Tennessee was founded in 2000.  The company took $30MM in tax payer funded bailout money, which it won’t pay back.  They have recently entered into a consent order with the regulators, putting them on the problem bank list.

They lost $116MM in Q3 2011 whereby, wiping out the equity from $124MM to $11MM or 1,027% in only 90 days.

The tier 1 capital is .95%, which is considered critically under capitalized.

Assets are $1.5B with supposed equity of $11MM.

The actual equity is ($19MM), as the $30MM in tax payer money is debt not preferred stock

The problem loan situation is incredible.  They have $140MM in problem loans

Having $94MM in problem loans and ($19MMM) in equity, is a serious problem.

Here is Martin Zorn he makes $663,000

Martin stole $30,000,000 of your money

This Redneck is not going hungry

Marin has about 12 chins

This bank is bankrupt.

Why isn’t this place shut down

This Lamar Cocks, this bald headed Cock makes $647,000

This Cock stole $30,000,000 of your money

Why is this cock smiling, he is bending over the tax payer

Why aren’t they on the problem bank list?

Net income was $1.9MM in FY10 and ($7MM) in FY09.

How are they going to pay back the tax payer $30MM?  It is pretty obvious that they can’t.

They might not be paying back the tax payer however, the executives have no problem paying themselves.

Michael Sapp      made $727k

Frank Perez          made $503k

H Lamar Cox        made $640k

Charles Rogers    made $947k

Martin Zorn          made $663k

That is great pay for running this bank into the ground.

Michael Sapp, you pay yourself $727k for wiping out the bank and the shareholders, taking tax payer money and not paying it back. You have it made.

Hey Michael Sapp, where is the tax payers $30MM you took?

This management team pays themselves well for bankrupting this place in record time.

Do you have money in this disaster?

You must be a Sapp.

Flagstar Bank Troy Michigan

July 27, 2011

This is Joe Campanelli, he is the one who bankrupted Sovereign Bank

Joe took $266,000,00 of tax payer money

This bank is insolvent, take out you money before Joe Campanelli destroys another bank

Joe makes $6,400,000 a year to steal tax payer money

Joe lost $37,000,000 in Q4 2011 alone, this place is bankrupt!

Joe is sitting on $1,000,000,000 in junk loans

Joe makes $24,000 a day!

Joe makes $3,000 an hour

This disaster is on the problem bank list

Joe’s bank lost $1,100,000,000 in the last 3 years

Joe is one savvy banker


This is Sal Rinaldi he makes $900,000 for running this bank into the ground

Wonder why this clown is bald? He is sitting on $900,000,000 in Sh$$$t loans

Do you have this guy watching you money


Would you trust guy with guy with your money?

This is Joe Campanelli, he is the one who bankrupted Sovereign Bank, he took $266MM of tax payer money, to prop up this bankrupt place. This bank is insolvent, take out you money before Joe Campanelli destroys another bank

The took $266MM of you tax payer funded money which they won’t pay back

They pay him $6.4MM a year or $24,000 a day to run this place

That is $3,000 an hour

What does the average person make in Troy Michigan?

Scarface?

Flagstar Bank, Troy Michigan was founded in 1987.  The company took $266MM in tax payer funded bailout money, which it won’t or can’t pay back.  The company is on the problem bank list.  They were cited for unsafe and unsound banking practices.  They have also have been restricted from further growth, by the  regulators.

Assets are $13.6M, with supposed equity of $1.3B in equity.

The actual equity is actually $1,034B, as the $266MM it took in tax payer bailout funds is debt, not so called preferred stock.

The problem loan portfolio, in relation to the equity base is staggering.  The problem loan portfolio is $898MM.  Get this, they have $628MM in OREO.  Imagine how much they have in classified loans on top of this.

So, they have $898MM in problem loans, supported by only $1,034B in equity.

FLAGSTAR IS BANKRUPT, THE FDIC IS BANKRUPT

This place is insolvent.

Why isn’t this bank shut down?

Maybe, because it owes the tax payer $266MM, which it can’t pay back.

This insolvent bank is being propped up by tax payer funding.

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

Net income was ($395MM) in FY10, ($513MM) in FY09 and ($275MM) in FY08.  They lost another $23MM in Q1 2011.

They lost another $75MM in Q2 2011.

Based on this stellar performance, how are they going to pay back the tax payer $266MM?  They can’t.

The efficiency ratio is 96%, this place loses money just opening the doors.  Do you think the operating leverage might be a little high?

Wow, they lost $1,183B in only 3 years!

The executives are in the process of bankrupting this place, at least they pay themselves well for doing it.

Joseph Campanelli        made $6.4MM

Paul Bargo                         made $750M

Salvatore Rinaldi            made $900M

Matthew Rostin               made $809k

That is great pay for wiping out the shareholders and running this place into the ground.

Joseph Campanelli has way no of paying back the $266MM, he took from the taxpayer, but he gets paid $6.4MM.

Joseph, the tax payer wants their $266MM back, where is it?

Take a look at this, the bank paid $13.3MM in interest to the tax payer on the $266MM they took, but these 4 paid themselves $8,859M.   That is good pay for losing $395MM.  Based on this pathetic performance, this must be the most most over paid management team in the country.

Joseph Campanelli makes $24,000 a day, he makes more than the average person in Flint MI makes in a year.

The stock is $1.25 a share, ROE is (23%), with a market capitalization of $656MM.  The regulators have prohibited them from paying dividends.

They better pay this management team well, the investors would hate to lose them.

Moody’s rating (July 2011) D+ for financial strength  Ba1/not prime for deposits    Outlook   Negative

Do you have money in this bank ?

Ba1/not prime for deposits, is probably not a place one should keep their money.

Academy Bank Colorado Springs Colorado

July 23, 2011

 

Wonder why the FDIC is bankrupt?

Academy Bank won’t even pay interest on the $146MM they took from the tax payer

Academy Bank, Colorado Springs Colorado was founded in 1966.  The company is on the problem bank list.  The Texas ratio is 69%.  The banks parent Dickenson Financial Corporation took $146MM in tax payer funded bailout money, which it hasn’t repaid.  It hasn’t even paid interest on these funds since 5/09.

Assets are $300MM and equity is $50MM.

The problem loan portfolio is $43MM.

This place is insolvent.

Why isn’t this place closed down?

This place has serious problems.

Is this your bank?

Pinnacle Bank Orange City Florida These fat cats took $4,000,000 of your money to play golf? Take your money out of this place it is bankrupt! Proud member of the problem bank list David Bridgeman took $4,000,000 of your money, he won’t even pay interest on your money at least he gets paid to play golf The fat slob on the left isn’t worried about paying back the $4,000,000

July 23, 2011

These A$$$holes should be in jail not on the golf course

Wow, these fat cats took $4.4MM of your money, which they haven’t even bothered to pay interest on since 5/10

It is good that they have time to play golf on the tax payers money

That cat on the left isn’t missing any meals thanks to TAARP, that stomach is all bought and paid for thanks to  the tax payer

These boys are down in the trenches or maybe bunkers

Using tax payer money to sponsor golf tournaments, who is better than these bankers, and they are bankrupt.

Do you think that clown in the middle has done any hazardous commercial real estate lending?

Excessive or Luxury Expenditure Policy

Entertainment:
Entertainment is defined as an activity that an Employee or Executive would use corporate funds for business development purposes relating to a current customer or prospective customer, or to further enhance the Company’s marketing efforts. 
 
Our policy is that all expenses incurred to the Bank would be for Company purposes, and used to drive business to the Bank. Occasional events such as taking customers or prospects on trips, playing golf, eating dinner, or taking them to other events the customer/prospect would find pleasurable is a necessary part of the Company’s marketing efforts and is not deemed as “luxury” or a violation of this Policy. These expenses should be documented and detailed as to the benefit derived by the Bank through the normal accounts payable process.
  
Events and parties focused on customers for the purpose of attracting their business would not fall under this Policy.

These boys are on the problem bank list and living large.

This fat cat bankster is David Bridgeman

David took $4,400,000 of your money which he can’t pay back

David Bridgeman hasn’t even paid interest on the money he stole since 5/10

David’s bank is on the problem bank list for hazardous commercial lending

Gotta love the pubic hair on his fce

Pinnacle Bank Orange City Florida was founded in 1999.  The company took $4.4MM in tax payer funded bailout money, which they won’t pay back.  Then again, they haven’t even paid interest on it since 5/10.  They are also on the problem bank list for hazardous commercial real estate lending. The Texas ratio is 73%.

Assets are $205MM and supposed equity is $13MM.

The actual equity is $8.6MM, as the $4.4MM in taxpayer funding they stole, is debt not preferred stock.

The problem loan portfolio is $17MM.

With $17MM in problem loans and $8.6MM in equity, this place is bankrupt.

How are they going to pay the tax payer back the $4.4MM?  They can’t even pay the interest.

David Bridgeman is the CEO.

This guy stole tax payer money, can’t pay it back and ran this place into the ground. Pinnacle?

Check out the website, here is a quote from David Bridgeman, “they wanted somebody who’s a real banker, down in the trenches, who has recently been examined by the FDIC”.

David, the FDIC examined you and put you on the problem bank list.

David, where is the $4.4MM you owe the tax payer, how about at least paying the interest.

Do you have money in this debacle.

They are the Pinnacle, of making bad loans.

MetaBank Storm Lake Iowa

July 20, 2011

Take a look at the new site

capital2risk.com

http://www.facebook.com/pages/MetaBank/111169168935083

This Jim Haar, he is on the problem bank list for unfair an DECEPTIVE practices

Jim makes $528,000 including his country club membership

Jim is sitting on $20,000,000 in bad loans


Take a look at Jim Haahr he engages in unfair and deceptive practices

Hold on, he gets paid $528k, including a country club membership and a car allowance

That is good money in Iowa for having a cease and desist order from the Fed’s

MetaBank, Storm Lake Iowa is on the problem bank list, after receiving a cease and desist order.  They were cited for engaging in unfair or deceptive practices.

Assets are $1.8B with equity of $80MM

The problem loan portfolio is $20MM.

Here is Brad Hanson he makes $619,000 a year

They might be on the problem bank list, but the executives pay themselves well.

J. Tyler Haahr           made $702k

James Haahr              made $542k

Bradley Hansen       made   $619k

This includes country club expenses and company cars.

The Haarh’s have done an admirable job of running this place into the ground.

Is this your bank?

This place can’t lend anymore.

Premium Bank Dubuque Iowa

July 19, 2011

John Mozena took $6MM of you tax payer money, which he won’t pay back

Wow, he was also able to get this place on the problem bank list, maybe the $23MM in problem loans had something to do with this

This guy is not going hungry, looks like he eats premium food

Is this guy corn fed or A$$ fed, looks gay to me

 

Premium Bank, Dubuque  Iowa was founded in 1999. They took $6MM in tax payer funded bailout funds, which they won’t pay back.  They are also on the problem bank list.

Assets are $279MM with supposed equity of $23MM.

The actual equity position is $17MM, as the $6.3MM is debt owed to the tax payer, not so called preferred stock.

The problem loan portfolio is $23MM.

They have $23MM in problem loans and $17MM in equity.

This place is looking bankrupt.

John Mozena is the CEO.

John, the tax payer wants their $6.3MM back.

John, the company made $609MM in Q1, why isn’t this money going to the tax payer?

Do you have money in this bank?

This place is not exactly premium.

First Intercontinental Bank Doraville Georgia

July 19, 2011

Who is the CEO, he is anonymous after taking $6.3MM of your money

This place is intercontinental.

First Intercontinental Bank, Doraville Georgia was founded in 2000.  The company took $6.3MM in tax payer funded bailout money, which it won’t pay back.  For some reason they are not on the problem bank list, despite having a Texas ratio of 64%.

Assets are $269MM, with equity of $30MM.

The problem loan portfolio is $36MM.

Having $36MM in problem loans and $30MM in equity is not a good scenario.

They are probably insolvent.

Why aren’t they on the problem bank list?

Net income was $130k in FY10 and $36k in FY09.

At this rate, how long will it take them to pay back $6.3MM to the tax payer. Eternity.

What kind of a name is First Intercontinental?  They have 5 branches in Georgia, not exactly intercontinental.

Patriot Bank Houston Texas

July 19, 2011

This is Don Ellis he stole $26,000,000 in tax payer money which he can’t pay back

Take a look at the new site

capital2risk.com

Don Ellis is sitting on $76,000,000 in bad loans

Don hasn’t even paid interest on the money he stole form you 

This criminal hasn’t even paid interest on the money he stole since 10/10

Check out the banks motto “beyond the American dream” Don stealing $26,000,000 is beyond the American dream


Don got this bank on the problem bank list

This asshole has made $56,000,000 in bad loans, let alone taking $26,000,000 in TAARP

Don should be in jail

Don Ellis is a Patriot, he steals money from the government!

Might as well make this guy the CEO, he can’t be worse than Don Ellis

Wavy didn’t take $26MM of your money,

Don Ellis is legal

At least Wavy is a Patriot

Patriot Bank Houston Texas took $26MM in tax payer funded bailout out money which it won’t pay back.  Then again, they haven’t even paid interest on the funds.  The company is also on the problem bank list.

Assets are $948MM, with equity of $124MM.

The actual equity is $98MM, as the $26MM is debt owed to the tax payer, not so called preferred stock.

The problem loan portfolio is $58MM.

Having $58MM in problem loans and $98MM in equity, is not a good situation.

Don Ellis is the CEO.

Don, you took $26MM from the tax payer, won’t pay it back and won’t even pay interest on it.

Don Ellis is Patriot.

Do you give money to this place, because they already took your tax payer money.

1
FEDERAL DEPOSIT INSURANCE CORPORATION
WASHINGTON, D.C. and
TEXAS DEPARTMENT OF BANKING
AUSTIN, TEXAS
)
In the Matter of
)
)
PATRIOT BANK
)
HOUSTON, TEXAS
)
)
(Insured State Nonmember Bank)
)
)
CONSENT ORDER
FDIC 11-158b
OMMISSIONER ORDER No. 2011-016 C
The Federal Deposit Insurance Corporation (“FDIC”) is the appropriate Federal banking
agency for PATRIOT BANK, HOUSTON, TEXAS (“Bank”), under 12 U.S.C. § 1813(q).
The Texas Department of Banking (”Department”) is the appropriate state banking agency
for the Bank, under Texas Finance Code, Title 3, Subtitle A, §§ 31.001 et. seq.
The Bank, by and through its duly elected and acting board of directors, has executed a
“STIPULATION TO THE ISSUANCE OF A CONSENT ORDER” (“STIPULATION”), dated
May 13, 2011, that is accepted by the FDIC and the Banking Commissioner of Texas
(“Commissioner”). With the STIPULATION, the Bank has consented, without admitting or
denying any charges of unsafe or unsound banking practices relating to deterioration in asset
quality, capital protection, and earnings; weaknesses in liquidity; and deficiencies in management and oversight by the board of directors, to the issuance of this CONSENT ORDER (“ORDER”) by
the Regional Director of the Dallas Regional Office of the FDIC (“Regional Director”) and the
Commissioner.
Having determined that the requirements for issuance of an order under 12 U.S.C. § 1818(b)
and Texas Finance Code § 35.002 have been satisfied or waived, the FDIC and the Commissioner
hereby order that:
2
MANAGEMENT – BOARD SUPERVISION
1. Within 30 days after the effective date of this ORDER, the Bank’s board of directors
shall increase its participation in Bank affairs by assuming full responsibility for the approval of the
Bank’s policies and objectives and for the supervision of the Bank’s management, including all the
Bank’s activities. The board’s participation in the Bank’s affairs shall include, at a minimum: (a) Monthly meetings in which the following areas shall be reviewed and
approved by the board: reports of income and expenses; new, overdue,
renewed, insider, charged-off, delinquent, non-accrued, and recovered loans;
investment activities; operating policies; and individual committee actions;
(b) Board meeting minutes which document the board’s reviews and approvals
of the above reports, and which include the names of any dissenting
directors;
(c) Documentation in the board minutes that the directors have received training
on their duties and responsibilities in order to ensure the safe and sound
operation of the institution.
MANAGEMENT – SPECIFIC POSITIONS
2. (a) Within 90 days after the effective date of this ORDER, the Bank shall have
and retain qualified management. At a minimum, such management shall include:
(1) A chief executive officer with a demonstrated ability in managing a
bank of comparable size and with prior experience in upgrading a low
quality loan portfolio;
3
(2) A new Chief Credit Officer with an appropriate level of lending,
collection, and loan supervision experience for the type and quality of
the Bank’s loan portfolio; and
(3) Such person(s) shall be provided the necessary written authority to
implement the provisions of this ORDER.
The qualifications of management shall be assessed on its ability to:
(1) Comply with the requirements of this ORDER;
(2) Operate the Bank in a safe and sound manner;
(3) Comply with applicable laws and regulations; and
(4) Restore all aspects of the Bank to a safe and sound condition,
including asset quality, capital adequacy, earnings, management
effectiveness, and liquidity.
(b) While this ORDER is in effect, the Bank shall notify the Regional Director and the Commissioner in writing of any changes in any of the Bank’s directors or Senior Executive
Officers. For purposes of this ORDER, “Senior Executive Officer” is defined as in Section
303.101(b) of the FDIC’s Rules and Regulations, 12 C.F.R. § 303.101(b). Prior to the addition of
any individual to the board of directors or the employment of any individual as a Senior Executive
Officer, 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’s Rules and Regulations, 12 C.F.R. §§ 303.100 – 303.103.
Additionally, the Bank will obtain the written approval of the Commissioner prior to removing,
changing, or adding any new Senior Executive Officer, other executive officers or directors.
4
CLASSIFIED ASSETS – CHARGE-OFF AND PLAN FOR REDUCTION
3. (a) Within 30 days after the effective date of this ORDER, the Bank shall, to the
extent that it has not previously done so, eliminate from its books, by charge-off or collection, all
assets or portions of assets classified Loss by the FDIC or the Department as a result of its
examination of the Bank as of November 08, 2010. Elimination or reduction of these assets
through proceeds of loans made by the Bank shall not be considered “collection” for the purpose of this paragraph.
(b) Within 90 days after the effective date of this ORDER, the Bank shall submit
a written plan to reduce the remaining assets classified Doubtful and Substandard as of November
08, 2010 (“Classified Asset Plan”) to the Regional Director and the Commissioner for review. The
Classified Asset Plan shall address each asset so classified with a balance of $2,000,000 or greater.
The Classified Asset Plan shall include any classified assets identified subsequent to the November
08, 2010 examination by the Bank internally or by the FDIC or the Department in a subsequent
visitation or examination. For each identified asset, the Classified Asset Plan should provide the
following information:
(1) The name under which the asset is carried on the books of the Bank;
(2) Type of asset;
(3) Actions to be taken in order to reduce the classified asset; and (4) Time frames for accomplishing the proposed actions.
The Classified Asset Plan shall also include, at a minimum: (1) Review the financial position of each such borrower, including the
source of repayment, repayment ability, alternate repayment sources,
and a global cash flow analysis (if applicable); and
5
(2) Evaluate the available collateral for each such credit, including
possible actions to improve the Bank’s collateral position.
In addition, the Bank’s Classified Asset Plan shall contain a schedule detailing the projected
reduction of total classified assets on a quarterly basis. Further, the Classified Asset Plan shall
contain a provision requiring the submission of monthly progress reports to the Bank’s board of
directors and a provision mandating a review by the Bank’s board of directors.
(c) Within 30 days after the Regional Director’s and the Commissioner’s
response, the Classified Asset Plan, including any requested modifications or amendments shall be
adopted by the Bank’s board of directors which approval shall be recorded in the minutes of the
meeting of the Bank’s board of directors. The Bank shall then immediately initiate measures
detailed in the Classified Asset Plan to the extent such measures have not been initiated.
(d) For purposes of the Classified Asset Plan, the reduction of adversely
classified assets shall be detailed using quarterly targets expressed as a percentage of the Bank’s
Tier 1 Capital plus the Bank’s Allowance for Loan and Lease Losses and may be accomplished by:
(1) Charge-off;
(2) Collection;
(3) Sufficient improvement in the quality of adversely classified assets so
as to warrant removing any adverse classification, as determined by
the FDIC or the Department; or
(4) Increase in the Bank’s Tier 1 Capital.
(e) While this ORDER is in effect, the Bank shall eliminate from its books, by
charge-off or collection, all assets or portions of assets classified Loss as determined at any future
visitation or examination conducted by the FDIC or the Department. The Bank shall also update
6
the Classified Asset Plan as needed to reflect any assets subsequently classified as Doubtful or
Substandard by the Bank internally or by the FDIC or the Department.
CONCENTRATIONS – PLAN FOR REDUCTION
4. (a) Within 90 days after the effective date of this ORDER, the Bank shall
formulate and submit to the Regional Director and the Commissioner for review and comment a
written plan (“Concentrations Plan”) to reduce each of the loan concentrations of credit identified in
the Report of Examination as of November 08, 2010, to not more than 300 percent of the Bank’s
total Tier 1 Capital. Such Concentrations Plan shall prohibit any additional advances that would
increase the concentrations or create new concentrations and shall include, but not be limited to:
(1) Dollar levels to which the Bank shall reduce each concentration; and
(2) Provisions for the submission of monthly written progress reports to
the Bank’s board of directors for review and notation in minutes of
the meetings of the Bank’s board of directors.
(b) For purposes of the Concentrations Plan, “reduce” means to:
(1) Charge-off;
(2) Collect; or
(3) Increase Tier 1 Capital.
(c) After the Regional Director and the Commissioner have responded to the
Concentrations Plan, the Bank’s board of directors shall adopt the Concentrations Plan as amended
or modified by the Regional Director and the Commissioner. The Concentrations Plan shall be
implemented immediately to the extent that the provisions of the Concentrations Plan are not
already in effect at the Bank.
7
REDUCTION OF ADVERSELY CLASSIFIED LOANS TO INSIDERS
5. (a) Within 90 days after the effective date of this ORDER, the Bank shall
prepare and submit to the Regional Director and the Commissioner for review and comment a
written plan to reduce the amount of loans or other extensions of credit advanced, directly or
indirectly, to or for the benefit of Bank directors, executive officers, principal shareholders, or their
related interests which were adversely classified in the Report of Examination as of November 08,
2010 (“Insider Loan Reduction Plan”). For purposes of the Insider Loan Reduction Plan, the terms
used in this section shall have the same definition provided them in Part 215 of Regulation O, 12
C.F.R. Part 215. Such Insider Loan Reduction Plan shall include, but not be limited to:
(1) Dollar levels to which the Bank shall reduce each extension of credit
within six months and one year after the effective date of this
ORDER; and
(2) Provisions for the submission of monthly written progress reports to
the Bank’s board of directors for review and notation in minutes of
the meetings of the board of directors. As used in this paragraph,
“reduce” means to:
a. Charge-off
b. Collect, or c. Improve the quality of such assets so as to warrant removal of
any adverse classification by the FDIC and the Department.
(b) After the Regional Director and the Commissioner have responded to the
Insider Loan Reduction Plan, the Bank’s board of directors shall adopt the Insider Loan Reduction
Plan as amended or modified by the Regional Director and the Commissioner. The Insider Loan
Reduction Plan will be implemented immediately to the extent that such provisions are not already
8
in effect at the Bank. No new loans or other extensions of credit shall be granted to or for the
benefit of such insiders without first providing the Regional Director and the Commissioner 30 days
prior written notification of the anticipated action. RESTRICTION ON ADVANCES TO CLASSIFIED BORROWERS
6. (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 whose existing credit has been
classified Loss by the FDIC or the Department as the result of its examination of the Bank, either in
whole or in part, and is uncollected, or to any borrower who is already obligated in any manner to
the Bank on any extension of credit, including any portion thereof, that has been charged off the
books of the Bank and remains uncollected. The requirements of this paragraph shall not prohibit
the Bank from renewing credit already extended to a borrower after full collection, in cash, of
interest due from 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 extension of credit is
classified Doubtful and/or Substandard by the FDIC or the Department as the result of its
examination of the Bank, either in whole or in part, and is uncollected, unless the Bank’s board of
directors has signed a detailed written statement giving reasons why failure to extend such credit
would be detrimental to the best interests of the Bank. The statement shall be placed in the
appropriate loan file and included in the minutes of the applicable Bank’s board of directors’
meeting.
LOAN POLICY
7. (a) Within 90 days after the effective date of this ORDER, and annually
thereafter, the board of directors of the Bank shall review the Bank’s loan policy and procedures for
9
effectiveness and, based upon this review, shall make all necessary revisions to the policy in order
to strengthen the Bank’s lending procedures and abate additional loan deterioration. The revised
written loan policy shall be submitted to the Regional Director and the Commissioner for review
and comment upon its completion.
(b) The initial revisions to the Bank’s loan policy required by this paragraph, at a
minimum, shall include provisions:
(1) Designating the Bank’s normal trade area;
(2) Establishing review and monitoring procedures to ensure all lending
personnel are adhering to established lending procedures and that the
Bank’s board of directors is receiving timely and fully documented
reports on loan activity, including any deviations from the established
policy; (3) Requiring all extensions of credit originated or renewed by the Bank
be supported by current credit information and collateral
documentation, including lien searches and the perfection of security
interests; have a defined and stated purpose; and have a
predetermined and realistic repayment source and schedule. Credit
information and collateral documentation shall include current
financial information, profit and loss statements or copies of tax
returns, a global financial analysis, and cash flow projections, and
shall be maintained throughout the term of the loan;
(4) Requiring loan committee review and monitoring of the status of
repayment and collection of overdue and maturing loans, as well as
all loans classified “Substandard” in the Report of Examination;
10
(5) Requiring the establishment and maintenance of an accurate loan
grading system and internal loan watch list;
(6) Requiring a written plan to lessen the risk position in each line of credit identified as a problem credit on the Bank’s internal loan watch
list;
(7) Prohibiting the capitalization of interest or loan-related expenses
unless the Bank’s board of directors formally approves such
extensions of credit as being in the best interest of the Bank and
provides detailed written support of its position in the Bank’s board
minutes;
(8) Requiring that extensions of credit to any of the Bank’s executive
officers, directors, or principal shareholders, or to any related interest
of such person, be thoroughly reviewed for compliance with all
provisions of Regulation O, 12 C.F.R. Part 215 and Section 337.3 of
the FDIC’s Rules and Regulations, 12 C.F.R. § 337.3.
(9) Requiring a non-accrual policy in accordance with the Federal
Financial Institutions Examination Council’s Instructions for the
Consolidated Reports of Condition and Income;
(10) Requiring accurate reporting of past due loans to the Bank’s board of
directors on at least a monthly basis;
(11) Addressing concentrations of credit and diversification of risk,
including goals for portfolio mix, establishment of limits within loan
and other asset categories, and development of a tracking and
11
monitoring system for the economic and financial condition of
specific geographic locations, industries, and groups of borrowers;
(12) Establishing standards for extending unsecured credit;
(13) Establishing standards for the origination, renewal, or restructuring of
loans to ensure well-defined payment programs including guidance
on when and under what circumstances interest-only loans are
appropriate;
(14) Incorporating collateral valuation requirements, including:
a. Maximum loan-to-collateral-value limitations;
b. A requirement that the valuation be completed prior to a
commitment to lend funds;
c. A requirement for periodic updating of valuations; and
d. A requirement that the source of valuations be documented in
Bank records;
(15) Establishing standards for initiating collection efforts;
(16) Establishing guidelines for timely recognition of loss through chargeoff;
(17) Prohibiting the extension of a maturity date, advancement of
additional credit or renewal of a loan to a borrower whose obligations
to the Bank were classified “Substandard,” “Doubtful,” or “Loss,”
whether in whole or in part, as of November 08, 2010, or by the FDIC
or Department in a subsequent Report of Examination, without the
full collection in cash of accrued and unpaid interest, unless the loans
are well secured and/or are supported by current and complete
12
financial information, and the renewal or extension has first been
approved in writing by a majority of the Bank’s board of directors;
(18) Requiring that collateral appraisals be completed prior to the making
of secured extensions of credit, and that periodic collateral valuations
be performed for all secured loans listed on the Bank’s internal watch
list, criticized in any internal or outside audit report of the Bank, or
criticized in any Report of Examination of the Bank by the FDIC or
the Department;
(19) Prohibiting the issuance of standby letters of credit unless the letters
of credit are well secured and/or are supported by current and
complete financial information;
(20) Establishing limitations on the maximum volume of loans in relation
to total assets;
(21) Establishing review and monitoring procedures to ensure compliance
with FDIC’s regulation on appraisals pursuant to Part 323 of the
FDIC’s Rules and Regulations, 12 C.F.R. Part 323.
(c) The Bank shall submit the foregoing policy to the Regional Director and the
Commissioner for comment. After the Regional Director and the Commissioner have responded to
the policy, the Bank’s board of directors shall adopt the policy as amended or modified by the
Regional Director and the Commissioner. The policy will be implemented immediately to the
extent that the policy is not already in effect at the Bank.
13
LOAN COMMITTEE AND LOAN REVIEW REQUIREMENTS
8. (a) Within 30 days after the effective date of this ORDER, the Bank’s board of
directors shall establish a loan review committee to periodically review the Bank’s loan portfolio
and identify and categorize problem credits. The committee shall file a report with the Bank’s
board of directors at each board meeting. This report shall include the following information:
(1) The overall quality of the loan portfolio;
(2) The identification, by type and amount, of each problem or delinquent loan;
(3) The identification of all loans not in conformance with the Bank’s
lending policy; and
(4) The identification of all loans to officers, directors, principal
shareholders or their related interests. (b) At least fifty percent of the members of the loan review committee shall be
Independent Directors. For purposes of this ORDER, a person who is an Independent Director
shall be any individual:
(1) Who is not an officer of the Bank, any subsidiary of the Bank, or any
of its affiliated organizations;
(2) Who does not own more than 5 percent of the outstanding shares of
the Bank;
(3) Who is not related by blood or marriage to an officer or director of
the Bank or to any shareholder owning more than 5 percent of the
Bank’s outstanding shares, and who does not otherwise share a
common financial interest with such officer, director or shareholder;
14
and
(4) Who is not indebted to the Bank, directly or indirectly, by marriage,
common financial interest, or the indebtedness of any entity in which
the individual has a substantial financial interest in an amount
exceeding 5 percent of the Bank’s total Tier 1 Capital and Allowance
for Loan and Lease Losses; or
(5) Who is deemed to be an Independent Director for purposes of this
ORDER by the Regional Director and the Commissioner.
ALLOWANCE FOR LOAN AND LEASE LOSSES
9. Within 30 days after the effective date of this ORDER, the Bank must use Financial
Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Numbers 450
and 310 (formerly Statements Numbers 5 and 114 respectively)(“Number 450” and “Number 310”
respectively) for determining the Bank’s allowance for loan and lease losses reserve adequacy.
Provisions for loan losses must be based on the inherent risk in the Bank’s loan portfolio. The
Bank’s board of directors must document with written reasons any decision not to require
provisions for loan losses in the board minutes.
CAPITAL MAINTENANCE
10. (a) Within 90 days after the effective date of this ORDER and while this
ORDER is in effect, the Bank, after establishing an adequate Allowance for Loan and Lease Losses,
shall maintain its Tier 1 Leverage Capital ratio equal to or greater than 9.5 percent of the Bank’s
Average Total Assets; and shall maintain its Total Risk-Based Capital ratio equal to or greater than
13.5 percent of the Bank’s Total Risk Weighted Assets.
15
(b) If any such capital ratios are less than required by the ORDER, as determined
as of the date of any Report of Condition and Income or at an examination by the FDIC or the
Department, the Bank shall, within 30 days after receipt of a written notice of the capital deficiency
from the Regional Director and the Commissioner, present to the Regional Director and the
Commissioner a plan to increase the Bank’s Tier 1 Capital or to take such other measures to bring
all the capital ratios to the percentages required by this ORDER (“Capital Plan”). After the
Regional Director and the Commissioner respond to the Capital Plan, the Bank’s board of directors
shall adopt the Capital Plan, including any modifications or amendments requested by the Regional
Director and the Commissioner.
(c) Thereafter, to the extent such measures have not previously been initiated,
the Bank shall immediately initiate measures detailed in the Capital Plan, to increase its Tier 1
Capital by an amount sufficient to bring all the Bank’s capital ratios to the percentages required by
this ORDER within 60 days after the Regional Director and the Commissioner respond to the
Capital Plan. Such increase in Tier 1 Capital and any increase in Tier 1 Capital necessary to meet
the capital ratios required by this ORDER may be accomplished by:
(1) The sale of securities in the form of common stock; or
(2) The direct contribution of cash subsequent to November 08, 2010, by
the directors and/or shareholders of the Bank or by the Bank’s
holding company; or
(3) Receipt of an income tax refund or the capitalization subsequent to
November 08, 2010, of a bona fide tax refund certified as being
accurate by a certified public accounting firm; or
(4) Any other method approved by the Regional Director and the
Commissioner.
16
(d) If all or part of the increase in Tier 1 Capital required by this ORDER is to be
accomplished by the sale of new securities, the Bank’s board of directors shall adopt and implement
a plan for the sale of such additional securities, including soliciting proxies and the voting of any
shares or proxies owned 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 Federal securities laws. Prior to the implementation of the plan, and in any event, not
less than 20 days prior to the dissemination of such materials, the plan and any materials used in the
sale of the securities shall be submitted to the FDIC, Accounting and Securities Disclosure Section,
Washington, D.C. 20429, for review. Any changes requested to be made in the plan or the
materials by the FDIC shall be made prior to their dissemination. If the increase in Tier 1 Capital is
to be provided by the sale of non-cumulative perpetual preferred stock, then all terms and
conditions of the issue shall be presented to the Regional Director and the Commissioner for prior
approval.
(e) In complying with the provisions of this ORDER and until such time as any
such public offering is terminated, the Bank shall provide to any subscriber and/or purchaser of the
Bank’s securities written notice of any planned or existing development or other change which is
materially different from the information reflected in any offering materials used in connection with
the sale of the Bank’s securities. The written notice required by this paragraph shall be furnished
within 10 days after the date such material development or change was planned or occurred,
whichever is earlier, and shall be furnished to every purchaser and/or subscriber who received or
was tendered the information contained in the Bank’s original offering materials.
17
(f) The Capital Plan must include a contingency plan (“Contingency Plan”) that
shall include a plan to sell or merge the Bank in the event that the Bank:
(1) Fails to maintain the minimum capital ratios required by the Order,
(2) Fails to submit an acceptable Capital Plan or
(3) Fails to implement or adhere to a Capital Plan to which no written
objection was provided by the Regional Director and the
Commissioner.
The Bank shall be required to implement the Contingency Plan only upon written notice from the
Regional Director and the Commissioner.
(g) In addition, the Bank shall comply with the FDIC’s Statement of Policy on
Risk-Based Capital found in Appendix A to Part 325 of the FDIC’s Rules and Regulations, 12
C.F.R. Part 325, App. A.
(h) For purposes of this ORDER, all terms relating to capital shall be calculated
according to the methodology set forth in Part 325 of the FDIC’s Rules and Regulations, 12 C.F.R.
Part 325.
DIVIDEND RESTRICTION
11. As of the effective date of this ORDER, the Bank shall not declare or pay any cash
dividend without the prior written consent of the Regional Director and the Commissioner.
PROFIT PLAN
12. (a) Within 90 days after the effective date of this ORDER, and within the first 30
days of each calendar year thereafter, the board of directors shall develop a written profit
plan (“Profit Plan”) consisting of goals and strategies for improving the earnings of the Bank for
18
each calendar year. The written Profit Plan shall include, at a minimum: (1) Identification of the major areas in, and means by, which the board of
directors will seek to improve the Bank’s operating performance;
(2) Realistic and comprehensive budgets;
(3) A budget review process to monitor the income and expenses of the
Bank to compare actual figures with budgetary projections on not less
than a quarterly basis; and
(4) A description of the operating assumptions that form the basis for and
support major projected income and expense components.
(b) Such written Profit Plan and any subsequent modification thereto shall be
submitted to the Regional Director and the Commissioner for review and comment. Within 30 days
after the receipt of any comment from the Regional Director and the Commissioner, the Bank’s
board of directors shall approve the written Profit Plan which approval shall be recorded in the
minutes of the Bank’s board of directors. Thereafter, the Bank, its directors, officers, and
employees shall follow the written Profit Plan and/or any subsequent modification.
LIQUIDITY/ASSET/LIABILITY MANAGEMENT
13. (a) Within 90 days after the effective date of this ORDER, the Bank shall
develop and submit to the Regional Director and the Commissioner for review and comment a
written plan addressing liquidity and asset/liability management (“Liquidity Plan”). Annually
thereafter, while this ORDER is in effect, the Bank shall review the Liquidity Plan for adequacy
and, based upon such review, shall make necessary revisions to the Liquidity Plan to strengthen
funds management procedures and maintain adequate provisions to meet the Bank’s liquidity needs.
The initial Liquidity Plan shall include, at a minimum, provisions:
19
(1) Establishing a reasonable range for its net non-core funding ratio as
computed in the Uniform Bank Performance Report;
(2) Identifying the source and use of borrowed and/or volatile funds;
(3) Establishing lines of credit at correspondent banks, including the
Federal Reserve Bank that would allow the Bank to borrow funds to
meet depositor demands if the Bank’s other provisions for liquidity
proved to be inadequate;
(4) Establishing a minimum liquidity ratio and defining how the ratio is
to be calculated;
(5) Establishing a new liquidity contingency plan by identifying
alternative courses of action designed to meet the Bank’s liquidity
needs;
(6) Addressing the use of borrowings (i.e., seasonal credit needs, match
funding mortgage loans, etc.) and providing for reasonable maturities
commensurate with the use of the borrowed funds; addressing
concentration of funding sources; and addressing pricing and
collateral requirements with specific allowable funding channels (i.e.,
brokered deposits, internet deposits, Fed funds purchased and other
correspondent borrowings); and
(7) Establishing procedures for managing the Bank’s sensitivity to
interest rate risk which comply with the Joint Agency Statement of Policy on Interest Rate Risk (June 26, 1996), and the Supervisory
Policy Statement on Investment Securities and End-user Derivative
Activities (April 23, 1998).
20
(b) Within 30 days after the receipt of all such comments from the Regional
Director and the Commissioner, and after revising the Liquidity Plan as necessary,
the Bank shall adopt the Liquidity Plan, which adoption shall be recorded in the
minutes of a board of directors’ meeting. Thereafter, the Bank shall implement the
Liquidity Plan.
CORRECTION OF VIOLATIONS
14. (a) Within 90 days after the effective date of this ORDER, the Bank shall
eliminate and/or correct all violations of law and regulation noted in the Report of Examination.
(b) Within 90 days after the effective date of this ORDER, the Bank shall
implement procedures to ensure future compliance with all applicable laws and regulations.
(c) Within 90 days after the effective date of this ORDER, the Bank shall
address any contraventions of policy noted in the Report of Examination.
BUSINESS PLAN
15. While this ORDER is in effect, the Bank shall not enter into any new line of
business without the prior written consent of the Regional Director and the Commissioner.
SHAREHOLDER NOTIFICATION
16. After the effective date of this ORDER, the Bank shall send a copy of this ORDER,
or otherwise furnish a description of this ORDER, to its shareholders (1) in conjunction with the
Bank’s next shareholder communication, and also (2) 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,
21
statement, or notice shall be sent to the FDIC Accounting and Securities Disclosure Section,
Washington, D.C. 20429, for review at least 20 days prior to dissemination to shareholders. Any
changes requested by the FDIC shall be made prior to dissemination of the description,
communication, notice, or statement.
PROGRESS REPORTS
17. (a) Within 30 days after the end of the first calendar quarter following the
effective date of this ORDER, and within 30 days after the end of each successive calendar quarter,
the Bank shall furnish written progress reports to the Regional Director and the Commissioner
detailing the form and manner of any actions taken to secure compliance with this ORDER and the
results thereof. Such reports may be discontinued when the corrections required by the ORDER
have been accomplished and the Regional Director and the Commissioner have released the Bank
in writing from making additional reports.
(b) The provisions of this ORDER shall not bar, stop, or otherwise prevent the
FDIC, the Department, 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 its issuance by the FDIC and the
Commissioner.
The provisions of this ORDER shall be binding upon the Bank, its institution-affiliated
parties, and any successors and assigns thereof.
22
The provisions of this ORDER shall remain effective and enforceable except to the extent
that, and until such time as, any provision has been modified, terminated, suspended, or set aside by
the FDIC and the Commissioner.
This ORDER is signed by the Regional Director pursuant to delegated authority.
Issued and made effective this 13th day of May, 2011.
/s/ Kristie K. Elmquist
Acting Regional Director
Dallas Region
Division of Risk Management Supervision
Federal Deposit Insurance Corporation
/s/
Charles G. Cooper
Commissioner
Texas Department of Banking

Goldwater Bank Scottsdale Arizona

July 16, 2011

Under capitalized bank list ?

Problem bank list?

 

Goldwater Bank, Scottsdale Arizona was founded in 2007.  Great timing.  The company took $2.5MM in tax payer funded bailout money, which they can’t pay back.  Then again, they haven’t even paid interest on this money since 2/10.  They are also on the problem bank list.  The Texas ratio is 103%.

They are also on the under capitalized bank list. You might as well slap them on the insolvent bank list.

Assets are $190MM with equity of $5MM.

The problem loan portfolio is $11MM

With $11MM in problem loans and $5MM in equity, they are bankrupt.

Net income was ($1.5MM) in FY10 and ($7.8MM) in FY09.  They lost another $3MM in Q1 2011.

They lost another $3MM in Q2.

With net income of $7MM and overhead of $25MM in FY10, these clowns lose money just opening the doors, let alone making a ton of bad loans.

Do you have money in this disaster?

KS Bank Smithfield North Carolina

July 15, 2011

KS Bank Smithfield North Carolina was founded in 1924.   The company took $5MM in tax payer funded bailout money, which it won’t pay back.   The Texas ratio is 53%.  The stock is delisted.

Assets are $334MM with equity of $30MM.

The actual equity is $26MM, as the $4MM in tax payer funding is debt not preferred stock.

The problem loan portfolio is $31MM.

Hold on they have $31MM in problem loans with only $26MM in equity and they aren’t on the problem bank list?

This place is insolvent.

Why are they not on the problem bank list?

Harold Keen is the CEO.

Harold, where is the $4MM you stole from the tax payers?

Harold you took tax payer money, which you won’t pay back, and wiped out the stockholders.

Do you have money in this bank?

KY bank, lubed by tax payer money.

First State Bank Gothenburg Nebraska

July 14, 2011

where is the $7.5MM you took from the tax payer?

 

First State Bank, Gothenburg Nebraska was founded in 1906.  The company took $7.5MM in tax payer funded bailout money, which they won’t pay back.

Assets are $289MM, with $39MM in supposed equity.

The actual equity is $31.5MM, as the $7.5MM is debt, not preferred stock.

The problem loan portfolio is $23.5MM.

With $23.5MM in bad loans and $31.5MM in equity, this place deserves a place on the problem bank list.

This bank is probably technically insolvent.

Net income was $2.6MM in FY10 and $2.6MM in FY09.

How come, they haven’t used this income to repay the tax payer?

Highlands State Bank Vernon New Jersey

July 14, 2011

George Irwin took $5.4MM of your money which he won’t pay back

This place is bankrupt

Does George have your money?

Highlands State Bank, Vernon New Jersey was founded in 2005.  That was a savvy time to start a bank.  The company took $5.4MM in tax payer funded bailout money, which they won’t pay back.

Assets are $162MM with supposed equity of $16MM.

The actual equity is $11MM, the $5.4MM is debt owed to the tax payer, not preferred stock.

The problem loan portfolio is $7.6MM.

Having $7.6MM in debt and $11MM in equity, should at least get them on the problem bank list.

This bank is probably technically insolvent.

Net income was $447k in FY10 and ($1.7MM) in FY09.

How are they going to pay the $5.4MM to the tax payer, based on these pathetic results?

George Irwin, the CEO, wasted not time bankrupting this place.

George Irwin, the tax payer want their $5.4MM back , where is it your pocket?

George Irwin is a white collar criminal.

He bankrupted this place in record time, made a ton of bad loans and stole $5.4MM in tax payer money, which he won’t pay back.

Do you have money in this debacle?

Don’t give your money to George. He is taking your tax dollars.

Covenant Bank Clarksdale Mississippi

July 13, 2011

Covenant Bank, Clarksdale Mississippi was founded in 2000.  The company took $5MM in tax payer funded bailout money, which they can’t pay back.  Then again, they haven’t even paid interest on this money since 5/10.  For some reason they are not on the problem bank list.   I guess not paying back tax payer money, or even not paying interest on it, is not a problem for the regulators.

Assets are $243MM with supposed equity of $22MM.

The actual equity position is $19MM, as the $5MM in debt owed to the tax payer, not preferred stock.

The problem loan portfolio is $10MM.

Net income was ($222k) in FY10 and ($803MM) in FY09.  They lost another $243k in Q1  2011.

How are they going to pay back $5MM.  It is not happening

Freddie Britt, the President, wiped this place out at a record pace.

Freddie, the tax payer wants the $5MM back, where is it?

Freddie, you get paid but you won’t even pay interest on money you stole, from the tax payer.

Do you have money in this disaster?

Here is a covenant, Freddie Britt is going to take you money, not pay it back, let alone pay interest on it and pay himself.  Freddie has it made.

Idaho Banking Company Boise Idaho

July 13, 2011

Idaho Banking Company, Boise Idaho was founded in 1996.  The company took $6.9MM in tax payer funded bailout money, which they can’t pay back.  They haven’t even paid dividends on these funds since 5/09.  They are also on the problem bank list for hazardous CRE lending. The Texas ratio is 196%, making it the worst bank in the state.  The stock is delisted.

They are also on the under capitalized bank list.  If there were an insolvent bank list, they would be on that also.

Check out the website, they temporarily suspended residential lending, do you think they are F$$$cked?

Assets are $174MM with supposed equity of $4.7MM.

The actual equity is zero, as the $6.9MM, that they owe the tax payer, is debt not preferred stock.

The art of banking is stealing  $6,900,000 from the tax payer

The art of banking is being on the under capitalized bank list

This bank is beyond bankrupt.

Why isn’t this place closed.

Net income was ($9MM) in FY10 and ($11MM) in FY09.  They lost another $2MM in Q1 2011.

They lost another $3.5MM in Q2 and wiped out 58% of the remaining equity in 3 months, that is a great effort.  The equity position is down to $5.7MM.   This place could be history in 3 months.

The bank lost $4.7MM, in Q3 2011 wiping out another 91% of the the remaining equity.

How are they ever going to pay back the tax payer $6.9MM  They can’t.

James Latta, the CEO, did a great at bankrupting this place.

Is this your bank?

You better head for the hills.

James Latta should be in jail?

NBRS Financial Rising Sun Maryland

July 13, 2011

Take a look at the new site

capital2risk.com

http://www.capital2risk.com/nbrs-financial-rising-sun-maryland/

Here is Joseph Snee he took $6,000,000 in bailout money, which he won’t pay back

Joseph you haven’t even made a dividend payment since 2009

This disaster is sitting on $21,000,000 in bad loans with only $15,000,000, they are technically insolvent

These jokers lost $1,578,000 in Q4 2011

The Texas ratio is 98%, this is one of the worst banks in the state

tDo you have money in this zombie?

The sun is not rising on this disaster!

Take your money out of this place, they are bankrupt!

NBRS Financial, Rising Sun Maryland was founded in 1880.  The company took $6MM in tax payer funded bailout money, which they haven’t paid back.  Then again, they haven’t even paid interest on these funds since 8/09.  They are also on the problem bank list.  The Texas ratio is 63%.  The stock is delisted.

Check out John Giovanz, the Senior Lender

Wonder why he has not hair? Because he is sitting on $21,000,000 in junk loans

The stock is delisted

Assets are $262MM,, with supposed equity of $15MM.

The actual equity is $9MM, as the $6MM in tax payer funds is debt not equity.

The problem loan portfolio is $23MM.

With $23MM in bad loans and $9MM in equity, this bank is insolvent.

Not only is this bank bankrupt, it is being propped up with tax payer funding.

Jack Goldstein, is the CEO, he has done an admirable job at running a 133 year old bank into the ground.

Jack, the tax payer wants their $6MM back.

Jack, you don’t even pay interest on the money you stole.

Jack Goldstein, where is the $6MM, in your pocket?

Take you money out of this debacle.

This clown won’t even pay interest on the money he stole from the tax payer.

Do you have money in this bank.

The sun is not rising on this disaster.

They are planning on a $7MM stock offering, who would invest in this debacle.

The sun ain’t rising on Jack

River City Bank Rome Georgia

July 13, 2011

Take a look at the new sight

capital2risk.com

This is Steve Fleming, this criminal took $9,800,000 of your money which he can’t pay back

Steve lost $6,266,000 Q4 2011

This savvy bankster wiped out 30% of the remaining equity in only 90 days!

Steve is not sitting on $21,000,000 in loans and only $20,000,000 in equity

Steve is looking like he has almost bankrupted this place

Do you have money in this disaster?


This Roger Smith, he stole $8,900,000 in tax payer money

Roger Smith where is the $8,900,000 you took from the tax payer?

Roger is sitting on $21,000,000 in bad loans, how the hell is he going to pay back the $8,600,000 he owes the tax payer?

Roger you lost $1,800,000 in Q3 2011, why is this A hole smiling?

River City Bank, Rome Georgia was founded in 2006.  Great time to start a bank.  The company took $8.9MM in tax payer funded bailout money, which it hasn’t paid back.  The company in not on the problem bank list however, they have some serious problems.  The Texas ratio spiked to 41%.

Assets are $217MM and supposed equity is $26MM.

The actual equity is $17MM, as the $8.9MM in tax payer funding is debt not preferred stock.

The problem loan portfolio is immense.  They have $12MM in problem loans.

This is Jack Smith Rogers’s son, this dope looks like he can make some more bad loans

With $12MM in problem loans and $17MM in equity, this bank is bankrupt.

Why isn’t this place closed down?

Why aren’t they on the problem bank list?

Net income was $58k in FY10 and ($2.4MM) in FY09. Based on this stellar financial performance, how long will it take them to pay back the tax payer $8.9MM? How about never.

The efficiency ratio is 78%, this place loses money just opening up the doors.

Roger Smith is the CEO, he bankrupted this place in record time.

Roger, the tax payer wants their $8.9MM back, that you “borrowed”.

Roger, you get paid but you won’t pay back the tax payer!

Do have money in this bank?

This place is going down the river.

The Patapsco Bank Dundalk Maryland

July 12, 2011

This is Michael Dee, this bald clown too $6,000,000 of your tax payer money, which he can’t pay back

Look at this Dork, he hasn’t even paid interest on the money he stole from you since 2/10.

Michael Dee makes $186,000 a year to wipe out a 100 year old bank

This criminal made $27,000,000 in bad loans

Michael you lost over $3,000,000 in Q4 2011 alone how the hell are you pay back the tax payer? You can’t

Michael you wiped out your investors, the stock is 90 cents a share,

Michael gets a $6K car allowance for bankrupting this place

Do you have money with this thief?

Michael, were DEE F$$$$ is the $6,000,000 you took

This criminal won’t even pay the tax payer INTEREST on money he stole!

No wonder this guy is bald

The efficiency ratio is 82% this place loses money just waking up

Do you have money in this disaster?

This Bill Weidel, this clown is the CFO, he took $6,000,000 from the tax payer

Bill makes $147,000 except he won’t even pay interest on the money he stole

The Patapsco Bank, Dundalk Maryland was founded in 1910.  The company took $6MM in tax payer funded bail out money, which they won’t pay back.  They haven’t even made an interest payment, since 2/10.  For some reason, they are not on the problem bank list. I guess not paying back, the $6MM to the tax payer or not even paying interest, is not a problem to the regulators.

Assets are $269MM, with reported equity of $17MM

The actual equity is $11MM, as the $6MM in bailout money is debt, not equity.

The problem loan portfolio is $23MM.

With $23MM in problem loans and $11MM in equity, this place looks insolvent.


How come this place is not closed down?

How come they aren’t on the problem bank list?

The executives might not care about paying the tax payer back, but they have no problem paying themselves.

Michael Dee               made   $186k

Laurence Mitchell   made $144k

William Wiedel          made $147k

That is good pay for bankrupting a 100 year financial institution.

Michael, you got paid, where is the $6MM you took from the tax payer?

Michael, you pay yourself, but you won’t even pay interest on the money you took.

Do you have money in this place?

The government is using your money to prop  up this insolvent bank.

Heartland Bank Franklin Indiana

July 10, 2011


This cat is kicking it down with $7MM of your cash

Wow this cat has the package

Heartland Bank Franklin Indiana was founded in 1996.  The company too $7MM in tax payer funded bailout money, which it won’t pay back.  The stock is delisted.

Assets are $229MM with equity of $21MM.

The actual equity is $13MM, the $7MM is really debt not preferred stock.

The problem loan portfolio is $16MM.

With a $16MM in bad loans and $13MM in equity, this thing is looking insolvent.

This bank should be closed down.

Why isn’t this place on the problem bank list?

Net income as ($423k) in FY10 and ($1.9MM) in FY09.

At this rate, how long will it take them to pay back $7MM to the tax payer?

One Georgia Bank Atlanta Georgia

July 10, 2011

One Georgia Bank, Atlanta Georgia was founded in 2006.  That was one savvy time to start a bank. This place is a disaster.  They took $5.5MM in tax payer funded bailout money.  The bank has never even made one interest payment on this money.  Six months after giving them $5.5MM, the government put them on the problem bank list. The Texas ratio is 353%.  They are also on the under capitalized bank list.

Assets are $186MM with supposed equity of $3.7MM

The actual equity is ($1.8MM), the $5.5MM they took from the tax payer is debt, not so called preferred stock.

This place is bankrupt.

Why aren’t they closed down?

Hold on it gets better.  The problem loan portfolio is $54MM.

So, this place has $54MM in bad loans and ($1.8MM) in equity.

Again, why isn’t this bank closed down?

Net income was ($1MM) in FY10, ($18MM) in FY09 and ($3MM) n FY08.

How long will it take them to pay back $5.5MM?

The management team wiped out 667% of the equity in 3 years.

This is One Zombie Georgia bank.

First Security Bank Batesville Mississippi

July 9, 2011

Check out the new site

capital2risk.com


That fat slob on the left is Frank West

This bald clown  stole $18,000,000 from the tax payer

First Security Bank, Batesville Mississippi was founded in 1952.  The company took $17.9MM of your tax payer money, which it won’t pay back.

Assets are $523MM, with equity of $57MM.

The actual equity is $39MM, the $17.9MM that is owed to the tax payer is debt, not preferred stock.

The problem loan portfolio is $24MM.

Having $24MM in problem loans, with $39MM in equity is probably not a great situation.

This place is probably bankrupt.

Why isn’t this place at least on the problem bank list?  Those regulators don’t quite have it figured out.

Net Income was $1,302MM in FY10, $798k in FY09 and $183k in FY08.

They paid dividends to the shareholders of $1.4MM in FY10, $1.4MM in FY09 and $1.4MM in FY08.

Hold on, they are making money, paying dividends to the stock holders but won’t pay back the tax payer.  Something is wrong here.

Take a look at the Net Income, based on this financial performance, how long will it take them to pay back $17.9MM.  20 years sounds about right.  However, that is contingent on them actually making payments.

Fortunately, even though the tax payer is not getting paid back, the executives are paying themselves well.

Frank West               made $279k

William Fleming     made $157k

Connie Hawkins     made $157k

Connie Hawkins?

Jeff Herron              made $156k

Dwayne Myers       made $163k

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

The tax payer is paying for these clowns to play golf.

Look on the bright side, at least when they are playing golf, they can’t make bad loans.

Frank West, you took $17.9MM from the tax payer, won’t pay it back, make a ton bad loans and wipe out the stock holders. They pay you $279k to bankrupt a 59 year bank and pay for you to play golf.  You have it made.

Frank, seriously where is the $17.9MM?

Do you bank with these criminals.

First Security?  The one secure thing is, the tax payer isn’t getting their $17.9MM back.

Mainline Bank Ebensburg Pennsylvania

July 9, 2011

Mainline Bank Ebensburg Pennsylvania as founded in 1944.  The company took $4.5MM in tax payer funded bailout money, which it has decided to not repay.

Assets are $244M with equity of $19MM.

The actual equity is $14.5MM, the tax payer funding is debt, not preferred stock as they are calling it.

Net income was ($988k) in FY10 and $303k in FY09.

Based on this stellar performance, how long will it take for them to pay back the tax payer $4.5MM? When is hell going to freeze over?

William Hoyne is the CEO.

William, are you paying yourself?  How about paying the $4.5MM you owe the tax payer.

That’s right, the company makes no money, the tax payer is never getting paid back.

Do you have money here?

I would do a bee line from the Mainline.

This disaster is mainlining on your tax payer funded money, which it won ‘t pay back.

Crossroads Bank Wabash Indiana

July 9, 2011

Here is Roger Cromer he took $7,000,000 in tax payer money

Roger also wiped out the shareholders

Here is the Jr. Board of Directors, let these kids run the bank, can’t be worse the current board

Roger is sitting on $13,000,000 in junk loans

Crossroads Bank, Wabash Indiana was founded in 1920.  The company took $7MM in tax payer funded bailout money, which it won’t pay back.  The stock is delisted.

Assets are $322MM with equity of $22MM

The actual equity is $20MM, as the $7MM is debt owed to the tax payer, not so called preferred stock.

The problem loan portfolio is $9MM.

How about this buy as CEO, can’t he worse than Roger Cromer

Having $9MM in problem loans with $22MM in equity, could become a problem.

New Income was $633k in FY10, $2,287M in FY09 and $1,354M in FY08.

Hold on, this bank made $4,274M in profits and has made no payments on the tax payer money they took.

How come, they had money to pay dividends to the share holders?

Maybe because the executives are stock holders.

Roger Cromer is the CEO.

Hey Roger, the tax payer is looking for their $7MM back, where are you hiding it?

Roger, you got paid right? Why won’t you repay the tax payer who bailed you out.

Do you keep your money here? Your cash might be at a nasty crossroads.

Reliance Bank St. Louis Missouri

July 9, 2011

Take a look at the new site

capital2risk.com

http://www.capital2risk.com/reliance-bank-st-louis-missouri/

This is Jerry S Von Roher, 2nd from right

Jerry took $40,000,000 in tax payer money TAARP money which he can’t pay back

Jerry S Von Screw the tax payer hasn’t even paid interest on this money since 10/10

Jerry is sitting on $171,000,000 in bad loans

Why is Jerry smiling? He makes $347,000 a year which includes country club a membership and car allowances

Not only did Jerry screw the tax payers, he wiped out the investors, the stock is delisted

Take you money out of this bank

Jerry, what does the S stand for “screw the tax payer


Arlan D Ivie IV makes $308K a year

He took $40MM of your tax payer money and hasn’t even paid interest on it since 2010

His salary includes country club fees and car allowances

Bow tie not financed by the tax payer

This Scott Von Rohr

 This must be Jerry’s dumb ass son, I wonder how this dope got this job?

Do you have money in this bankrupt place?

Reliance? That is an oxymoron. Moron is the operative word for these clowns

Reliance Bank, St. Louis Missouri is on the problem bank list.  The company took $40MM in tax payer funded bailout money, which it can’t repay.  Then again, they haven’t even paid interest, since 10/10.  The stock is delisted

Assets are $1.1B, with supposed equity of $86MM.

The actual equity is $46MM, the $40MM in tax payer funding is debt not preferred stock.

Are you sitting down? The problem loan portfolio is $171MM!

Hold on, they have $171MM in problem loans and $46MM in equity.

This place is bankrupt.

This place needs to be shut down immediately.

Why haven’t the incompetent regulators shut this place down? Because the are idiots.

Check out the financial performance.  Net income was ($4MM) in FY10, ($37MM) in FY09 and ($20MM) in FY08.

They lost another $12MM in Q2 2011.

The bank lost another $16MM in Q3 2011.

So how are they going to pay back the $40MM.  The tax payer is screwed.

Have no fear, the executives won’t pay back the $40MM, but they had not problem paying themselves.

Arlan D Ivie lV         made   $308k

Jerry S Von Rohr    made $347k

Dale Oberkell            made $236k

Daniel Jasper            made $191k

David Matthews       made $189k

Don’t worry, these salaries included country club fees and car expenses.

It is a good thing that the $40MM from the tax payer, is paying for this crew to play golf, while bankrupting the company.

Arlan D Ivie IV, I am not sure the world really needs four Arlan D Ivie’s.  Number four has done enough damage, this clown wiped out 33% of the equity in 3 years.

Arlan D., you took $40MM from the tax payer, didn’t pay it back, bankrupted the company, racked up $183MM in bad loans and wiped out the stock holders. You pay yourself $308k and the tax payer pays for your country club expenses. You got it made.

Reliance Bank, you can rely on them to take $40MM in tax payer money, and not pay it back.

Take your money out of this disaster

Arlan where is the $40MM you took from the tax payer?

Do you have one in this disaster?

I am not sure I would put much reliance in this bankrupt entity

Gotta love the bow tie.

These are savvy bankers.

Excel Bank Sedalia Missouri

July 8, 2011

Take a look at the new site

capital2risk.com

Excel? this disaster lost $5,675,000 in Q4 2011 wiping out almost 40% of the remaining equity

Hold on, they have $43,000,000 in junk loans and only in equity

This place is bankrupt!

Excel? How the hell are they going to pay back the $4,000,000 they stole from the tax payer?

This abortion doesn’t eve pay interest on the money the stole

Excel Bank Sedalia Missouri was founded in 1964.  This bank is a bankrupt disaster.  They took $4MM in tax payer funded bailout money, which they can’t pay back.  Then again, they haven’t even paid interest on this since 10/09.   They are also on the problem bank list, for hazardous commercial real estate lending.  If there were an insolvent bank list, they would be on that also.

Assets are $273MM with equity of $20MM.

The actual equity is $16MM, the $4MM from the tax payer is debt, not so called preferred stock.

The problem loan portfolio is $41MM.

Hold on, they have $41MM in problem loans with only $16MM in equity.

This place is bankrupt, why aren’t they shut down?

How come the regulators haven’t closed this abortion down?

Check out the website, they won’t tell you who the CEO is.

Do you have your money in this train wreck?

Excel Bank?  The only thing this place excels at, is making bad loans and running this thing into the ground.

The Bank of Delmarva Delmarva Maryland

July 8, 2011

The Bank of Delmarva, Delmarva Maryland was founded in 1896.  The company took $9MM in tax payer bailout funding, which it probably can’t be paid back.

The assets are $429MM with equity of $40MM.

The true equity is $31MM, as the $9MM in tax payer money is debt not preferred stock.

The problem loan portfolio is $18MM.

They have $18MM in problem loans and $31MM equity and can’t even get a spot on the problem bank list.

The problem loans could easily wipe out the equity position.

Net income was $175k in FY10 and $729k in FY09. Based on these figures, how long will it take them to pay back the $9MM?  How about forever.

Edward Thomas is the CEO.

Edward, when are you going to pay the tax payer back the $9MM you took?

First National Bank Fox Valley Neenah Wisconsin

July 8, 2011

First National Bank Fox Valley, Neenah Wisconsin was founded in 1887.  The company took $4.7MM in tax payer funded bailout money, which it can’t pay back. The stock is delisted.

Assets are $308MM with equity of $27MM.

The problem loan portfolio is $6MM.

Net income was $600k in FY10. How long will it take them to pay back $4.7MM?  How about a decade.

Hold on, take a look at the annual report.  They are going to roll the TAARP funds into the Small Business Lending Fund, which is just another name for TAARP.  This will lower their rate and get rid of the stigmatization associated with TAARP.  This will lower their rate. However, they still can’t repay the money.  The tax payer gets screwed again.

BankAnnapolis Annapolis Maryland

July 8, 2011

This Richard Lerner he took $8MM of your tax payer money, which he won’t pay back

He gets paid $243k to run this bank into the ground

Bank Annapolis  Annapolis, Maryland was founded in 1990.  The company took $8MM in tax payer funded bailout money, which it won’t pay back.

Assets are $426MM with equity of $39MM.

The actual equity is $31MM, the $8MM in tax payer funding is debt, not preferred stock.

The problem loan portfolio is $22MM.

Having $22MM in problem loans, with $31MM in equity, is not a great situation to be in.

Net income was $567k in FY10. At that rate, how long will it take them to pay back $8MM?

The executives might not want to pay back the tax payer, but they have no problem paying themselves.

Richard Lerner        made $243k

Edward Schneider   made $183k

Robert Kendrick      made $198k

That is pretty good pay for taking tax payer money, not paying it back and racking up problem loans.

Richard Lerner, steals $8MM from the tax payer, won’t pay it back and pays himself $243k. This guy has it made, thanks to your tax dollars.

Richard Lerner, should be in jail for taking $8MM from you.

Who is better off than this team?  Definitely not the tax payer.

First Guaranty Bank Hammond Louisiana

July 8, 2011

This is Michael Sharp who makes $168k a year left and Alton Lewis right who makes $292k a year

They took $21MM of you tax payer money which they won’t pay back

The must be nice guys giving a check away with money the took from the tax payer

I’ll guaranty you one thing, these two can’t pay back the $20MM they took from the tax payer

First Guaranty Bank Hammond Louisiana was founded in 1934.  The company took $21MM in tax payer funded bailout money, that they won’t pay back.

Assets are $1.17B with equity of $95MM.

They have $35MM in problem loans.

The executives won’t pay back the tax payer, but they have no know trouble paying themselves.

Alton Lewis Jr.      made $292k

Michael Sharp       made $168k

Eric Dusch             made $109k

That is good pay for bankrupting this place.

Alton Lewis, the tax payer wants their $21MM back, where is it?

This bank survived the depression but it can’t survive Alton Lewis.

Do you have money in this place?

I wouldn’t be putting my first guaranty with Alton Lewis, he is looking like a criminal.

Harbor Bank of Maryland Baltimore Maryland

July 7, 2011

Harbor Bank of Maryland, Baltimore Maryland was founded in 1982.  The company took $6.8MM in tax payer funded bailout money, which it can’t pay back.  then again, they haven’t even made an interest payment to the tax payer since 5/10.    They are also on the problem bank list for hazardous commercial real estate lending.  The stock is delisted.

Assets are $269MM with equity of $24MM.

The actual equity is $17MM, the $6.8MM in tax payer funding is debt, not preferred stock.

The problem loan portfolio is $25MM.

Hold on, they have $25MM in problem loans and $17MM in equity.

This place is beyond bankrupt.

Why aren’t the shut down?

Net income was ($4MM) in FY10 and ($5MM) in FY09.

And how are they going to pay back $6.8MM?  That is a good question.

Joseph Haskins is the CEO.

Joseph, the tax payer wants their $6.8MM back, where is it? Check your pockets.

This joker lost $9MM in the last 2 years, how is he going to repay the tax payer?

Do you think he is getting paid?

Do you have money in this disaster?

You might want to jump in the harbor.

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?

Clover Community Bank Clover South Carolina

July 7, 2011

Clover Community Bank, Clover South Carolina was founded in 1987.  The company took $3MM in tax payer funded bailout money, which it can’t pay back.

Assets are $131MM with supposed equity of $9MM.

The actual equity is $6MM, the $3MM owed to the tax payer is debt, not so called preferred stock.

The problem loan portfolio is $11MM.

Yikes, they have $11MM in problem loans with $6MM in equity.  This thing is bankrupt

Why isn’t this place closed.

Then again, why aren’t they on the problem bank list.

That is one tough list to get on these days, even if you are bankrupt, you don’t qualify.

Gwenn Thompson is the CEO

Net income was ($1.7MM) in FY10 and ($851k) in FY09.

Gwenn, how are you going to pay back the tax payer, based on this stellar financial performance?

Gwenn, you steal money from the tax payer, don’t pay it back, run this place into the ground and they pay you for it. You have it made.

Do you have money in this debacle?

The tax payer has a better chance of finding a four leaf clover, than ever getting paid back.

Peoples Bank Lynden Washington

July 7, 2011

Peoples Bank, Lynden Washington was founded in 1921.  The company took $18MM in tax payer funded bailout money, which they won’t pay back.

Assets were $1.2B with $122MM in equity.

The problem loan portfolio is $40MM.

Net income was $8.6MM in FY10, $3.9MM in FY09 and $6.8MM in FY08.

Charles LeCocq is the CEO.

Charles, with $19MM in net income over the last 3 years, how come you didn’t repay the tax payer?

Charles, did you get paid?

The tax payer is looking for their $19MM Charles.

Is this your bank?

This place is definitely the Peoples Bank, they take money from the people who pay taxes and don’t pay it back.

Lafayette Savings Bank Lafayette Indiana

July 7, 2011

Lafayette Savings Bank, Lafayette Indiana was founded in 1864.  The company is on the problem bank list.

Assets are $363MM, with equity of $35MM.

The problem loan portfolio is $18MM.

Having $35MM in equity and $18MM in problem loans, is not a great situation.

The executives got paid well, to make bad loans and get the company onto the problem bank list.

Randolph Williams     made $234k

Mary Jo David              made $126k

These salaries include country club fees and car allowances.

This team needs to play golf, it is stressful making all those bad loans.  At least when they are playing golf, they can’t make bad loans.

Bank of Birmingham Birmingham Michigan

July 7, 2011

Bank of Birmingham, Birmingham Michigan, took $3MM in tax payer bailout money, that they haven’t paid back.

Assets are $106MM with equity of $9MM.

Net income was $650k in FY10 and ($1.6MM) in FY09 and ($1.4MM) in FY08.

Based on this dismal performance, how are the going to pay back the tax payers $3MM?  It doesn’t look good.

Though the executives won’t pay back the tax payer, they certainly take care of themselves.

Robert Farr                  made $156k

Lance Krajacic            made $137k

Deborah Thompson  made $110k

Beware, this includes country club memberships and car allowances.

Robert, where is the $3MM, you owe the tax payer.  At least you can pay back the tax payer, they are paying for you to play golf.

When is Robert going to pay back the $3MM?  That could be Farr into the future.

Do you have money in this bank?

Your tax dollars are paying for their country club dues.

Marine Bank & Trust Vero Beach Florida

July 7, 2011

Check out the new site

capital2risk.com

This is is William Penney CEO

He took $3,000,000 in tax payer money which he won’t pay back

William hasn’t even paid interest since 8/10

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

They are sitting on $7,000,000 in junk loans

Do you have money in this disaster?

They are rated a 1 which is the lowest rating

30% of their equity is tax payer money, this place is bankrupt

Do you have money in this shipwreck?

Would you bank with or trust these clowns

This is George Slater Chairman, George where is the $3,000,000?

Have you seen George around town?

George won’t even pay interest on the money money he took from the tax payer

Here is curious George stealing $3,000,000 in tax payer

Do you think this monkey is even paying interest on  the money he stole?

Marine Bank & Trust Vero Beach Florida was founded in 1997.  The company took $3MM in tax payer funded bailout money, which it can’t pay back.  They haven’t even paid interest since 8/10.

This is Brian Fowler, Chief Lending Officer

Brian makes the junk loans, no wonder the hairline is receding

Assets are $149MM, with equity of $11MM.

The actual equity is $8MM, the $3MM they borrowed is debt, not preferred stock.

The problem loan portfolio is $10MM.

Things must be pretty bad in Florida when working for a bankrupt company is one of the best places to work?

With problem loans of $10MM and $8MM in equity, they should at least qualify for the problem bank list.

This place is insolvent.

Maybe they should be shut down.

Net income was ($3MM) in FY10 and $177k in FY09.

Based on this dismal performance, how are they going to pay back the tax payer? Let alone start paying interest .

William Penney is the CEO.

William, the tax payer wants their money back.  Are you getting paid?

Do you have money in this bank?

Fidelity Bank Pittsburgh Pennsylvania

July 7, 2011

Fidelity Bank Pittsburgh Pennsylvania was founded in 1882.  The company took $7MM in tax payer funding, which it hasn’t paid back.

Assets are $696MM with equity of $46MM.

The actual equity is $39MM, the $7MM in funding is ,not so called preferred stock.

The problem loan portfolio is $23MM.

Having $23MM in problem loans and $39MM in equity, should qualify them for the problem bank list. I guess there is stiff competition out there.

Net income was $268k in FY10 and ($1.9MM) in FY09.

Based on this questionable performance, how long will it take them to pay back $7MM?

How come they won’t pay back the tax payer, but they pay dividends to the stockholders?

The executives won’t pay back the tax payer, but they aren’t afraid to pay themselves.

Richard Spencer    made   $282k

Michael Mooney    made $198k

Lisa Griffith              made $132k

Don’t worry, this includes country club expenses and car allowances.

The tax payer gets to pay for them to play golf!

Richard, the tax payer wants the $7MM back, where are you hiding it, the 19th hole.

Richard Spencer should be in jail

Do you have money in this bank?

Fidelity is probably not the best name for this place.

Park Bank Madison Wisconsin

July 7, 2011

Park Bank Madison Wisconsin took $23MM in tax payer funded bailout money, which it has decided to not repay.

Assets are $797MM with equity of $78MM.

The actual equity is $55MM, the $23MM in tax payer funding is debt, not so called preferred stock.

The bank has $48MM in problem loans.

Hold on, they have $48MM in problem loans and $55MM in equity.  Why are they not on the problem bank list?

This place is looking technically insolvent.

Net income was $714k in FY10 and $175k in FY09.

This thing is not exactly a cash cow.  Based on this performance, how long will it take them to pay back $23MM? How about eternity.

James Hagenbarth is the CEO.

James, how are you going to pay back the $23MM you owe the tax payer, based on this pathetic performance?

James, am I correct in stating that you are getting paid, but the tax payer is not.

Do you park your money in this insolvent institution?

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

Chambers Bank Danville Arkansas

July 7, 2011

Chambers Bank Danville Arkansas was founded in 1930.  The company took $20MM in tax payer funded bailout money, which they won’t pay back.

Assets are $720MM with equity of $85MM.

The actual equity is $65MM.   The $20MM they stole from the government is debt, not preferred stock.

The problem loan portfolio is impressive.  They have $61MM in problem loans.

Get this, they have $61MM in problem loans with $65MM in equity.

This bank is bankrupt.

They can’t even get a place on the problem bank list with this record.

This abortion should be closed.

Net income was ($18MM) in FY10.

At this  rate, how long will it take them to pay back $20MM.

Bill Donnell is the President.

Bill, the tax payer is looking for the $20MM.

It is bad enough you wiped out a 84 year old bank, how about at least stop stealing tax payer money.

Where is the money Bill? It must be stashed in the chambers.

Bloomfield State Bank Bloomfield Indiana

July 6, 2011

Bloomfield State Bank Bloomfield Indiana was founded in 1873.  They took $9.9MM in tax payer funded bail out money, which they can’t pay back.  For some reason, they are not on the problem bank list. Believe me, they have problems.

Assets are $421MM with equity of $38MM.

The actual equity is $28MM, the $9.9MM, they stole from the tax payer is debt, not preferred stock.

Get a load of the problem loan portfolio.  They have $22MM in problem loans.

Do I have this right, they have $22MM in problem loans and $28MM in equity. I am thinking, they should be on the problem bank list.

Then again, they should be shut down.

Net income was ($3.7MM) in FY10 and ($1.2MM) in FY09.

So tell me, how the hell are they going to pay back $9.9MM to the tax payer?

Mark Barkley is the CEO.

Mark, where is the $9.9MM you took from the tax payer? Check your pockets.

Mark how is your dismal performance, going to pay back the tax payer.

Well, Mark be proud you ran a 144 year bank into the ground.  This place survived the Great Depression, but it couldn’t survive you.

Do you have money in this bank?

Do you want your tax payer money, used to prop up this debacle.

Trisummit Bank Kingsport Tennessee

July 6, 2011

Trisummit Bank Kingsport Tennessee was founded in 2007, great timing. I guess this group doesn’t read the paper.  They took $7MM in tax payer funding, which they can’t pay back.

Assets are $269MM with $28MM in equity.

Keep in mind, that 25% of the equity is tax payer funded.

Net income was $371k in FY10, ($2.6MM) in FY09 and ($4.3MM) in FY08.

Check these jokers out, they have never made money and the government gives them $7MM.

Based on this stellar performance, when do you think they will be able to pay back the tax payer? How about, when hell freezes over.

These clowns ran this thing into the ground, right out of the gate.

Do you have money in this disaster?

They are you using tax payer funding to prop up this debacle.

Bank of New Canaan New Canaan Connecticut

July 6, 2011

This is Jay Forgotson, he took $4.7MM in tax payer money which he hasn’t paid back

Hold on he makes $406k which includes country club a  membership and a car allowance

This is Heidi DeWyngaert, she makes $263k which includes a country club membership

Does the $4.7MM she took from the tax payer, fund the country club membership?

Bank of New Canaan, New Canaan Connecticut was founded in 2002.  The company took $4.7MM in tax payer funding, which it won’t pay back.

The bank just took $11MM in tax payer funded bailout money, under the newly enacted Small Business Lending Fund.  The $4.7MM will be used to pay back the money original money they took, and didn’t pay back.

Hold on, they took $4.7MM, which they won’t pay bank and the government is going to give them another $5MM!  Based on the current financial performance, how long will it take them to pay back $10MM.  Try 10 years, if they are lucky.  This program is a joke.

Assets are $321MM with $26MM in equity.

The equity is actually $21.3MM, as the the $4.7MM in tax payer funding is debt not preferred stock.

They have $7MM in problem loans.

So, they have $7MM in problem loans and $21MM in equity

The problem loans, could potentially erode a significant level of the equity base.

Net income was $1.2MM in FY10 and $1MM in FY09.

Why wasn’t this used to repay the tax payer.

The executives might not want to repay the tax payer, but they aren’t afraid of paying themselves.

Merrill Jay Forgotson      made $406k

Ernest Verrico                     made $171k

Heidi DeWyngaert               made $263k

Frederic Reinhardt           made $221k

Don’t worry, this includes country club fees and car allowances.

Merrill Jay Forgotson, where is the $4.7MM you took from the tax payer, I guess you forgotson to pay it back?

How do you feel about tax payer funding, being used to pay country club fees?

Merrill, the stockholders must love you, your salary is almost 50% of net income.

So the management team paid themselves $1,061M and the company only made $1.2MM

Do you bank with this place?

It is being propped up with tax payer money, which they won’t pay back.

Do you have money in this bank?

Gateway Bank & Trust Ringgold Georgia

July 6, 2011

Gateway Bank & Trust Ringgold Georgia  took $6MM in tax payer funded bailout money, which it refuses to pay back.  The stock is delisted.

Assets are $271MM with equity of $25MM.

The actual equity is $19MM, the $6MM they took from the tax payer is debt not preferred stock.

This is bob Peck, he stole $6,000,000 of your money

The stock is delisted thanks to this Pecker

Gotta love the cheesy mustache

Check out the website, this A$$hole likes to finance vacant land

  Take a look at the mission statement. Their mission “Glorify god ….. and create shareholder value”.  Isn’t the stock delisted?

Hey A$$hole, start by removing that pubic hair from under neath you fat nose, the give tax payer back the $6,000,000 you stole

After that you can fucking glofiy god and create shareholder value

Who got the stock de listed? You or god? 

The problem loan portfolio is impressive.  They have $19MM in problem loans.

Hold on, they have $19MM in problem loans and $19MM in equity, and this disaster is not even on the problem bank list?

This bank is bankrupt.

Why isn’t this abortion closed?

Net income was $1MM in FY10 and ($701k) in FY09.

Based on this performance, how long will it take them to pay back the tax payer $6MM? God only knows.

Robert Peck is the CEO.

Robert, the tax payer wants their $6MM back, I bet you got paid.

Robert it is one thing wiping out the shareholders, but stealing from the tax payer is wrong.

Take a look at the mission statement. Their mission “Glorify god ….. and create shareholder value”.  Isn’t the stock delisted?

Check out the Website, the one thing they do have is an impressive array of vacant land.

Is this your bank?

The government is using your tax payer money, to prop up this debacle.

Valley Business Bank Visalia California

July 6, 2011

Valley Business Bank Visalia California was founded in 1996.  The company took $7.7M in tax payer funded bailout money, which it won’t pay back.  The stock is delisted.

Assets are $344MM with equity of $42MM.

The actual equity is $34.3MM, the $7.7M of tax payer money, is debt not preferred stock.

The problem loan portfolio is $21MM.

With $21MM in problem loans and $34.3MM in equity, this place at least deserves a place on the problem bank list.

The problem loan portfolio, could easily destroy the remaining equity.

Net income was $323k in FY10 and ($918k) in FY09.

At this rate, how long will it take them to pay back the tax payer $7.7M.  Probably eternity.

Allan Stone is the CEO.

Allan, the tax payer wants their money back, did you get paid?

Allan how are you going to pay back $7.7M, based on this dismal performance?

Allan it one thing wiping out the shareholders however, not paying back the tax payer is criminal.

Allan are you stoned on the medicinal, to  think that you are going to pay back $7.7M

Is this your bank?

The government is using your money, to prop up this bankrupted disaster.

July 6, 2011

Puget Sound Bank Bellevue Washington

July 6, 2011

Take a look at the new site

capital2risk.com

This is James Mitchell he took $4.5MM of your tax payer money

He also wiped out the stock holders, as the stock is de listed

Puget Sound Bank Bellevue Washington was founded in 2005.  The company took $4.5MM in tax payer funded bailout funds, which it won’t repay.  The stock is delisted, that didn’t take long.

Assets are $227MM with equity of $27MM.

Net income was $1.3MM in FY10 and $418k in FY09.

James Mitchell is the CEO.

James, why have you not used the net income to repay the tax payer, I am confident you paid yourself.

James, it is one thing wiping out the stock holders and the share price  in record time.  However, not paying back the bailout money the tax payer gave you is criminal.

Do you have money in this bank?

The equity position is being propped up by the government.

The tax payer bailout funds are debt, not prefered stock.

Community First Bank Boscobel Wisconsin

July 6, 2011

Community Bank First Boscobel Wisconsin was founded in 1871.  The company took $5.5MM in tax payer funded bailout money, which it won’t return.  They haven’t even paid dividends on these funds since 5/10.  They are also on the problem bank list.

Assets are $224MM with $19MM in equity.

The problem loan portfolio is $18MM.

Get this, they have $18MM in problem loans with only $19MM in equity.

This place bankrupt. Why aren’t they closed down?

Net income was ($1.7MM) in FY10 and ($7MM) in FY09.

How are they going to pay back the $5.5MM?

They won’t tell you who the CEO is on the website.

We do know one thing, he wiped out a 141 year old bank.

Do you have money in the bankrupt entity?

Community First, paying back the tax payer last.

GulfSouth Private Bank Destin Florida

July 6, 2011

 

Take a look at the new site

capital2risk.com

GulfSouth Private Bank Destin Florida was founded in 2005.  The company took $7.5MM in tax payer funded bailout money, which it has decided not to pay back.  Then again, it has not even paid dividends since 6/10.  They are also on the problem bank list, for detrimental commercial real estate lending.

Assets are $197MM with equity is $16MM.

The actual equity is $8.5MM, as the $7.5MM in bailout money is debt not preferred stock.

The problem loan portfolio in relation to the equity position is incredible.  They have $28MM in problem loans, with $21MM on non accrual.

Hold on, they have $28MM in problem loans with $7.5MM in equity.  This bank is beyond bankrupt.

This bank needs to be shut down immediately.

Net income was ($3.6MM) in FY10 and ($5MM) in FY09.

Based on this financial performance, how are they going to pay back the tax payer $7.5MM.   It is never going to happen.

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

Robert Bennett is the CEO.

Robert, where is the $7.5MM you stole from the tax payer.  Why can’t you at least pay dividends.

Robert Bennett bankrupted this place in record time.

This is a private bank all right.  They keep the name of the CEO private.

Where is the $7.5MM that Robert Bennett took from the take payer, that is private.

Do you have money in this zombie bank?

The Little Bank Kinston North Carolina

July 6, 2011

 

Check out Rob Jones, he took $7.5MM of tax payer money, which he won’t pay back and is giving away a check for $50K

Rob is what he is doing to the tax payer

the tax payer is Jonesing for their money back

The Little Bank Kinston North Carolina was founded in 1998.  The company took $7.5MM in tax payer funded bailout money, which it has neglected to pay back.  The stock is delisted.

Assets are $307MM with $32MM in equity.

Net income was $3.2M in FY10 and $1.3MM in FY09.

The company also paid dividends to the shareholders.

Why wasn’t the $4.5MM in earnings used to repay the tax payer?

Why are they paying dividends before the tax payer?

The CEO is Rob Jones.

Rob, where is the $7.5MM you took from the tax payer and have decided to not pay back.

Rob, it is one thing running the stock price and shareholders into the ground.

However, taking tax payer money and not paying it back is a serious problem.

The Little Bank did a good job of taking a big check from the tax payer.

Little is what they repaid to the tax payer, it is actually closer to none.

Is this your bank?

Need that cash to pay Rob Jones, while the politician is throwing stones.

He is not Jonesing to pay back the tax payer.

The name is fitting, Rob. Rob the tax payer.

Oconee State Bank Watkinsville Georgia

July 5, 2011

                                                            This is B Amrey Harden, he likes to engage in hazardous commercial lending

B Amery, you bank is looking insolvent

Oconee State Bank Watkinsville Georgia was founded in 1960.  The company is on the problem bank list for incompetent commercial real estate lending.  That could be why the Texas ratio is 85%.

Assets are $274MM with equity of $22MM.

The problem loan portfolio is $26MM, with $16.8MM on non accrual.

Hold on, they $26MM in bad loans and $22MM in equity, this means they are insolvent.

Do you think this disaster should probably be closed down?

At least the executives are going to pay themselves well, to run this thing into the ground.

Jerry Wasey      made $159k

Tom Wilson       made $157k

That is good pay for destroying a 51 year bank .

Do you have money in this debacle?

Their motto is “count on us”. Count on you, judging from the problem loan portfolio, it is pretty obvious you guys can’t count.

Central Illinois Bank Champaign Illinois

July 1, 2011

Central Illinois Bank Champaign Illinois was founded in 1921.  The company is on the problem bank list.  The stock is delisted.

Assets are $589MM with equity of $56MM

The problem loan portfolio in relation to the equity base is staggering.  They have $45MM in problem loans with $41MM on non accrual.

Having $41MM in problem loans and $56MM in equity, makes this thing look bankrupt.

Shouldn’t this place be shut down?

At least the executives pay themselves well for running this place into the ground.

James Hickey    made   $256k

Charles Ponicki  made $208k

Patrick Strokes  made $172.

James Hickey gets paid well for wiping out a 90 year old financial institution.

James must have a Hickey from giving so much bad money away.

Do you have money in this debacle?

Metro United Bank San Diego California

July 1, 2011

 

George Lee took $45MM of your tax payer money, which he won’t pay back

George gets paid $507k a year

George’s bank is on the problem bank list for “hazardous commercial real estate lending”

George stole $45MM of your money which he can’t pay back

Metro United Bank San Diego California was founded in 1991.  The company took $45MM in tax payer funded bailout money, which they won’t pay back.  They are also on the problem bank list for hazardous commercial real estate lending.

Assets are $1.5B with equity of $158MM.

The actual equity is $113MM, the $45MM injected from the tax payer is debt not equity.

The problem loan portfolio is $32MM, with $28MM on non accrual.

With $32MM in problem loans and $45MM in equity, this place is technically insolvent.

Net income was ($3MM) in FY10 and ($9MM) in FY09.

Based on this stellar performance, how are they going to pay the tax payer back the $45MM?  They can’t.

The executives won’t pay back the tax payer, but they are not shy about paying themselves.

George Lee      made $507k

David Choi      made $363k

David Tai        made  $382k

These guys pay themselves well for bankrupting the company, taking tax payer money and not paying it back.

George Lee, the tax payer is looking for the $45MM back, where is it?

Do you keep money in this bankrupted bank?

Randolph Bank & Trust Ashboro North Carolina

July 1, 2011

C. Michael is giving the tax payer good head for the $6MM

Randolph Bank & Trust Ashboro North Carolina was founded in 1978.  The company took $6MM in tax payer funded bailout money, which it has neglected to repay.  For some reason, they are not on the problem bank list.  Believe me, this place has problems.

Assets are $282MM with equity of $26MM.

The actual equity is $20MM, as the $6MM in tax payer funding is debt not equity.

The problem loan portfolio is $15MM, with $12MM on non accrual

Having $15MM in bad loans and $20MM in equity, this place is technically insolvent.

This bank is bankrupt.

Why aren’t they on the problem bank list?

Net income was ($774k) in FY10 and ($652k) in FY09.

Based on this dismal performance, how are they going to pay back $6MM. They can’t.

The executives won’t pay back the tax payer but they are not shy at paying themselves.

C. Michael Whitehead made $175k

Katherine Homiller      made $119k

Laurence Trapp             made $169k

Not bad pay for bankrupting this place.

C. Michael Whitehead, where is the $6MM you stole from the tax payer? Check your pockets.

Do you have money in this debacle?

I would not bank with or trust C. Michael Whitehead

Farmers Bank Windsor Virginia

July 1, 2011

Farmers Bank Windsor Virginia was founded in 1919.  The company took $8.7MM in tax payer funded bailout money, which they won’t pay back

Assets are $455MM with equity of $34MM.

The actual equity is actually $25MM, as the $8.7MM they took from the government is debt, not preferred stock.

The problem loan portfolio is $13MM.

Having $13MM in bad loans and $25MM in equity, is not a good situation.

Net income was ($3MM) in FY10, $1MM in FY09 and $1MM in FY08.

At this rate, the tax payer is never getting paid back.

Call Richard Holland, he stole $8.7MM in tax payer money, which he won’t pay back.  While he bankrupts a 92 year old bank.

Is this your bank?

Pathfinder Bank Oswego New York

July 1, 2011

Check out Thomas Sneider on the right he took $6.7MM of you tax payer money which he won’t pay back

He pays himself $304k to wipe out a 100 year old bank

Pathfinder?

Pathfinder Bank Oswego New York was fonded in 1859.  They took $6.7MM in tax payer funded bail out money, which they don’t feel like paying back.

Assets are $408MM with equity of $35MM.

The actual equity is $28MM, the $6.7MM they took is debt not equity.

The problem loan portfolio is $15MM.

Having $15MM in problem loans with $28MM in equity, is not a good situation.

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

Based on this financial performance, how long will it take them to pay back the tax payer?

Why haven’t they used these funds to repay the tax payer?

They executives don’t care about paying back the tax payer, at least they are paying themselves.

Thomas Sneider        made $304k

Edward Mervine        made $156k

Ronald Tascamrella  made $124k

Thomas Sneider can probably live like a king on $304k in Oswego New York.

This guy has it made, he wipes out a 152 year old bank, takes tax payer money, which he won’t pay back!

Thomas Sneider, how come you get paid and the tax payer doesn’t.

Pathfinder is great name for this place.

They found a path into the tax payers wallet, and they won’t pay it back.

Do you have money in this disaster.

Mutual Bank Muncie Indiana

July 1, 2011

Mutual Bank Muncie Indiana was founded in1884.  The company took $33MM in tax payer funded bailout money, which the won’t pay back.

Assets are $1.4B with a tangible net worth of $126MM.

The actual net worth is $93MM, as the $33MM in tax payer money the took is debt, they can’t pay back, not so called preferred stock.

The problem loan portfolio is $33MM.

How come this disaster is not on the problem bank list?

Net income was $4.7MM in FY10, $1MM in FY09 and ($22MM) in FY08.

Based on the recent financial performance, how are they going to pay back $33MM to the tax payer? The tax payer is never getting paid back by these criminals.

Wow, the executives have screwed over the tax payer for $33MM, but they seem to pay themselves well for running this place into the ground.

David Heeter       made $323k

Patrick Botts       made $262k

Charles Viater   made $348k

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

This probably pretty good pay for Indiana.

David Heeter, the tax payer pays for you to play golf, steal $33MM from the government which won’t pay it back, you have it made.

Then again you should be in jail.

Take a look at the picture of David Heeter, this guy has never missed a meal, he has 3 chins.  His gut is all bought and paid for with your $33MM.

Is this your bank, they get paid well for taking your money and not repaying it!

Center Bank Union New Jersey

June 30, 2011

Center Bank Union New Jersey was founded i 1923.  The company took $10MM in tax payer funded bailout money, which they won’t repay.

Assets are $1.2B,  with a tangible net worth of $103MM

The actual TNW is $93MM, as the $10MM in tax payer funding is debt, not preferred stock.

The problem loan portfolio is $41MM.

Having $41MM in problem loans with $93MM in equity, is not a great situation.

Net income was $6MM in FY10, $3MM in FY in FY09 and $6MM in FY08.

Why weren’t theses funds used to repay the tax payer?

They were able to pay dividends to the shareholders.

The tax payer wasn’t paid back, but the executives sure took care of themselves.

Anthony Weagley        made $362k

Francis Patryn               made $129k

Stephen Mauger            made $132k

A. Richard Abrahanian   made $132k

Arthur Wein                         made $158k

Mark Cordone                     made $161k

Joun Lukiens                      made  $146k

These are good salaries.

Anthony Weagley, the tax payer wants their money back.

Is this your bank?

Lorain National Bank Lorain Ohio

June 30, 2011

Take a look at the new site

 

capital2risk.com

 

This is Daniel Kilmas, he stole $25MM of your tax payer funded bailout money

aniel gets paid $621k a year for stealing your money

Daniel is a criminal,  where is the $25MM you took from the tax payer

Lorain National Bank Lorain Ohio was founded 1934.  The company took $25MM in tax payer funded bailout money, which it hasn’t returned.

Assets are $1.5B with tangible net worth of $100MM.

The actual equity position is $75MM, as the tax payer funding is debt, not so called preferred stock.

The problem loan portfolio is $48MM, with$38MM in OREO.

Having $48MM in problem loans, with $75MM is not a good situation.

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

Based  on this financial performance, how long will it take for them to pay back the $25MM to the tax payer? Probably forever.

Maybe the executives didn’t pay the tax payer back, but they certainly paid themselves.

Daniel Klimas       made  $621k

Gary Ekek              made   $297k

David Harnett     made    $275k

Frank Sults         made      $239k

Kevin Nelson     made       $198k

That is good pay for Ohio.  That is good pay for running this place into the ground and taking tax payer money, without paying it back.

Daniel, where is the $25MM?

Is this your bank?

Farmers National Bank of Emlenton Emlenton Pennsylvainia

June 30, 2011

This is William Marsh, he took $7.5MM of your tax payer money, which he won’t pay back

This bald clown gets paid $276k to steal your money

 

Farmers National Bank of Emlenton Elenton Pennsylvania was founded in 1900.  The company took $7.5MM in tax payer funded bailout funding, which it has not paid back.

Assets are $481MM with equity of $33MM.

The actual equity is $25.5MM, as the tax payer funding is debt not so called prefered stock.

They have $8MM in non accrual loans.

Net income was $2MM in FY10, $1MM in FY09 and $2MM in FY08.

How come they didn’t use these funds to pay back the tax payer?

How come they paid dividends to the shareholders, when the owe money to the tax payer?

The executives may have chosen not to pay the tax payer back however, they certainly paid themselves.

William Marsh                          made $276k

Raymond Lawton                   made $124k

Edward Andrulonis               made $115k

That is pretty good pay.

When does the tax payer get paid back?

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.

Biscayne Bank Coconut Grove Florida

June 28, 2011

Take a look at the new site

capital2risk.com

This is Lorie Yarkin, she took $6.4MM of your money. which she won’t pay back

It looks like she is having a good time on the tax payer dime

How about putting Lorie in jail for stealing tax payer money?

Biscayne Bank Coconut Grove Florida was founded in 2006.  Great market timing.  They took $6.4MM of tax payer funded bailout money, which they won’t pay back.

Assets are $221MM with equity of $15MM

The actual equity is $8.6MM, as the $6.5MM in tax payer funding is debt not prefered stock.

The problem loan portfolio is $8MM.

Having $8MM in problem loans and $6.5MM in debt, would make this place insolvent.

Why aren’t they on the problem bank list?

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

Based on this financial performance, how are they going to pay back $6.5MM to the tax payer? I have no idea.

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

It didn’t take Lorie Yarkin, the CEO, long to bankrupt this place.

Take a look at the website it is a joke.  Try to click on the financial condition, nothing comes up.  That pretty much sums things up.

Do you have money in charade?

Millenium Bank Edwards Colorado

June 28, 2011

Take a look at the new site

capital2risk.com

Craig Sakin took $47,000,000 of your money which he won’t even a pay interest on

Craig, how about buying one a these vixons a shirt

Millennium Bank Edwards Colorado was founded in 2001.  The company took $7MM in tax payer funded bailout money, which it has refused to repay.  Then again, they haven’t even paid interest on these funds since 2/10.  For some reason, they aren’t not the problem bank list.  I guess not paying back tax payer bailout money is not a problem. I am thinking a Texas ratio of 75% is a problem.

Assets are $270MM with equity of $19MM.

The problem loan portfolio is $24MM.

All right, they have $24MM in problem loans and $19MM in equity.

This place is bankrupt.

It is pretty bad if you are bankrupt, and can’t even get on the problem bank list.

Craig Sakin, the CEO ran this place into the ground in record time.

Craig, where is the tax payers $7MM? Check your pocket.

Craig, how about at least paying interest on the money you stole from the tax payer.

Millennium Bank, Craig you might want to change the name, you wiped out this place in less than a decade!

Craig, grab a life jacket, this abortion is going to end up in Lake Powell.

Is this your bank?

The State Bank Fenton Michigan

June 27, 2011

Don Gill he destroyd a 100 year old bank in only 3 years

Don finances vacant land

The State Bank Fenton Michigan was founded in 1898.  They are on the problem list for essentially making horrible commercial real estate loans.  The Texas ratio is 65%.  The stock is delisted.

Assets are $304MM with $20MM in equity.

The problem loan portfolio is $22MM, with $15MM on non accrual.

Wait, they have $22MM in problem loans and $20MM in remaining equity.

Is it me or is this thing bankrupt?

It is looking they should be closed.

The management team did a great job at eradicating 53% of the equity in 3 years.

Well, at least the executives paid themselves well for destroying a 113 year financial institution.

Donald Gill                   made $248

Douglas Kelly              made $122k

Ronald Justice             made $171k

Donald Wallschlager made $137 k

You guys pay yourselves well, for wiping out the shareholders and running this place into the ground.

This place survives the great depression and Donald Gill wipes it out in 3 years, thanks Donald.

Take a look at the website’s section of real estate for sale, these clowns like to finance vacant land.  That’s how they ran this thing into the ground, no pun intended.

The market capitalization is $3MM, impressive.

Do you bank with these crooks?

The First Hattiesburg Mississippi

June 27, 2011

The First Hattiesburg Mississippi took $17MM in tax payer funded bailout money, which it has made no effort to repay.

Assets are $539MM with equity of $55MM

The actual equity is $38MM, as the tax payer funding is debt not prefered stock.

Net income was $3MM in FY10, $2MM in FY09 and $2MM in FY08.

At this rate, how long will it take to pay back the tax payer? Hey, imagine if they used the net income to repay the tax payer!

The executives may not pay the tax payer back but they are not afraid to pay themselves.

David Johnson     made $212k

M Roy Hoppy Cole  made $187k

Dee Dee Lowry          made $169k

David Thomas            made $103

Carol Daniel                made $164k

Hoppy, you pay yourself well, how about paying back the tax payer?

Hoppy, where is the $17MM, check your pocket.

How about sticking M Roy Hoppy Cole in jail.

The First? The first at taking tax payer funding and not paying it back.

Is this your bank?

First Northern Bank Dixon California

June 27, 2011

This is Owen Onsum, he took $17MM in tax payer money which he won’t pay back

He makes $313k to make bad loans

Where is the $17MM?

First Northern Bank Dixon California took $17MM in tax payer money, which it chosen to not pay back.

They have assets of $737MM, with equity of $79MM.

The actual equity is $62MM, as the $17MM took from the tax payer is debt, not so called preferred stock.

Net income was $1.6MM in FY10 and ($1.8MM) in FY09.

Based on this financial performance, how are they going to pay back $17MM to the tax payer? Your guess is as good as mine.

They won’t pay back the tax payer, but the executives have no problem paying themselves.

Owen Onsum      made $313k

Louise Walker   made  $196k

Patrick Day        made  $235k

Louise Walker pays herself well, why won’t she pay back the tax payer the $17MM?

Is this your bank?

Tennessee Commerce Bank Franklin Tennessee

June 27, 2011

This is Michael Sapp, he took $30,000,000 of tax payer money which he can’t pay back

Michael was able to get his bank on the problem bank list

Michael’s bank is one of the worst capitalized banks in the country, with tier 1 capital of .95% . This place is bankrupt 

Michael makes $727,000 a year to bankrupt this place


This guy took $30MM of you tax payer money, which he can’t pay bank

He gets paid $727K to bankrupt this place, this is one of the worst banks in the country, this place is bankrupt

Who is the Sapp Michael or  the taxpayer , this fat cat is not hungry, he has 3 chins

This is H Lamar Cox, this pencil neck geek took $30,000,000 of tax payer money and gets paid $640,000 to bankrupt this place

Why is this dope smiling, because he is stealing your money

Lamar Cocks, this guy looks like a child molester

Having a name of Cocks doesn’t help

Tennessee Commerce Bank Franklin Tennessee was founded in 2000.  The company took $30MM in tax payer funded bailout money, which it won’t pay back.  They have recently entered into a consent order with the regulators, putting them on the problem bank list.

They lost $116MM in Q3 2011 whereby, wiping out the equity from $124MM to $11MM or 1,027% in only 90 days.

The tier 1 capital is .95%, which is considered critically under capitalized.

This is Doug Rogers, this bald headed clown made $947,000, while he took $30,000,000 and ran this bank into the ground

Gotta love that savvy mustache. 

Assets are $1.5B with supposed equity of $11MM.

The actual equity is ($19MM), as the $30MM in tax payer money is debt not preferred stock

Martin Zorn makes $663,00 to steal $30,000,000 from the tax payer

Martin should be in jail

The problem loan situation is incredible.  They have $140MM in problem loans

Having $94MM in problem loans and ($19MMM) in equity, is a serious problem.

This bank is bankrupt.

Why isn’t this place shut down

Why aren’t they on the problem bank list?

Net income was $1.9MM in FY10 and ($7MM) in FY09.

How are they going to pay back the tax payer $30MM?  It is pretty obvious that they can’t.

They might not be paying back the tax payer however, the executives have no problem paying themselves.

Michael Sapp      made $727k

Frank Perez          made $503k

H Lamar Cox        made $640k

Charles Rogers    made $947k

Martin Zorn          made $663k

That is great pay for running this bank into the ground.

Michael Sapp, you pay yourself $727k for wiping out the bank and the shareholders, taking tax payer money and not paying it back. You have it made.

Hey Michael Sapp, where is the tax payers $30MM you took?

This is the tax payer trying to recover the $30,000,000 from Michael Sapp

This management team pays themselves well for bankrupting this place in record time.

Do you have money in this disaster?

You must be a Sapp.

Tennessee Commerce Bank announced today to investors that it has identified an additional $14.8 million in losses and would set aside more money to guard against bad loans as it undergoes a “forensic review” of its financial history.

The company (Nasdaq:TNCC), which is parent to Franklin-based Tennessee Commerce Bank, has been searching for capital after disclosing that it was “critically undercapitalized” by federal standards. Management previously said the bank’s second quarter 2011 earnings report was unreliable as the company and regulators re-examine its loan portfolio, and the forensic review calls into question other previous results.

“Further write-downs may occur as a result of the ongoing forensic review,” the company said. “At this time, however, the corporation is unable to determine which periods may be further impacted or extent of any such impact.”

The $14.8 million charge-off came in the bank’s “small-ticket specialized equipment portfolio,” the company said. That portfolio is also the subject of the forensic review.

In addition to the loss, the bank has set aside $14.2 million in additional reserves in its small-ticket, real estate and commercial and industrial portfolios. That money guards against potential losses for the bad loans.

Pacific International Bank Seattle Washington

June 27, 2011

Woonsong Park stole $6,500,000 in tax payer money

Woonsong bankrupted his investors, the stock is de listed

This is Woonsong Park, he took $6.5MM of you tax payer money which he won’t pay back

He also wiped out the stockholders as the stock is delisted

Where is the $6,500,000 you took with a song?

Why is he smiling, he has $6.5MM of you money

Pacific International Bank Seattle Washington was founded in 2001.   The company took $6.5MM in tax payer funded bailout money, which it won’t return.  For some reason, they aren’t on the problem bank list.  The Texas ratio is 48%, which should qualify them.  The stock is delisted, another good sign.

Assets are $284MM with supposed equity of $32MM

The actual equity is $25.5MM, as the tax payer funding is debt not preferred stock.

The problem loan portfolio is $31MM, with $19MM on non accrual

With, $31MM in non accrual and $25.5MM in equity, this bank is technically insolvent.

Perhaps, this thing should be closed down.

This place should at least be on the problem bank list.

They have not posted the financial statements on the website since 2009, not good.

At, this rate how long will it take them to pay back the tax payer $6.5MM? Don’t hold your breath.

The CEO Woosung Park, bankrupted this place in record time. I wouldn’t Park my money is this disaster, it will be Woonsung.

It won’t be long before this place slides into the Pacific.

Porter Bank Lousville Kentucky

June 27, 2011

J. Chester Porter took $35,000,000 in tax payer money which he won’t pay back

J Chester makes $512,000 a year

Porter Bank Louisville Kentucky has taken $35MM in tax payer funded bailout money, which it has decided it won’t repay.

Assets are $1.3B  with equity of $135MM.

They won’t pay back the tax payer, but they can sure pay themselves.

That is J Chester Porter one the right he took $35,000,000 of your money

J. Chester Porter    made  $512k

Maria Bouvette is the CEO, this wench took $35,000,000 in tax payer money which she won’t pay back

You would think for $495, 000 a year she could get a decent haircut

Maria Bovuette    made $495k

David Pierce             made $417k

C Bradford Harris  made $179k

J. Chester, you pay yourself well, but you won’t pay back the tax payer.

J. Chester, where is the $35MM you stole from the tax payer?

Do you have money in this place? Call J Chester and ask him for the $35MM he took.

J. Chester should be in locked up.

Home Federal Savings Bank Rochester Minnesota

June 27, 2011

This is Brad Krenbriel he took $26MM of your tax payer money, which he won’t pay back

Brad hasn’t even paid interest on this money since 11/10

He got this place on the problem bank list

Brad gets paid $376k a year to destroy a 76 year old financial instituion

That is good pay for losing $52MM dollars in the last 3 years

Home Federal Savings Bank, Rochester Minnesota was founded in 1934.  The company took $26MM in tax payer funded bailout money, which it has decided to not repay.  Then again, they have chosen to not even make interest payments since 11/10.  They are also on the problem bank list.  The Texas ratio is 70%.

Assets are $880MM, with supposed equity of $69MM.

The actual equity is $43MM, as the tax payer funds are deb,t not what they are classifying as preferred stock.

The problem loan portfolio compared to the equity situation is impressive.  They have $31MM in problem loans on non accrual and $21MM in OREO.

With, $52MM in problem loans and $43MM in equity, this bank is bankrupt.

This place should be closed down.

Take a look at the financial performance.

Net income was ($30MM) in FY10, ($12MM) in FY09 and ($10MM) .

Take a look at the website, they haven’t posted the 2010 financial statement, they are tied up laundering tax payer money.

The executives won’t pay back the tax payers, but they have no problem paying themselves  for bankrupting this company.

Bradley Krenbriel  made $376k

Jon Eberle                 made $231k

Lawrence McGrawl   made $153k

Dwain Jorgenson       made $133k

Susan Miller                 made $154k

That is good pay destroying this 77 year old financial institution.

So Bradley, you wiped out 62% of the equity, stole $26MM from the tax payer, won’t pay it back and don’t even pay interest. You are the man.

You pay yourself $376k,  to blow through $52MM in 3 years. You are one savvy banker.

Bradley, were is the $26MM you stole from the tax payer, in your pocket?

Is this your bank?

Bradley Krenbriel is a criminal, he should be incarcerated.

Are you going to give your money to this gangster?

Brad is bad, he is a thief.

First Citizens Bank Sandusky Ohio

June 27, 2011

James Miller stole $23,000,000 of take payer money which he won’t pay back

James makes $367,000 to steal you money

The average median household income in Sandusky is $31,000, James makes 12 times that in one year, plus free a country club membership paid for by your taxes

James also has his country club membership paid for by the tax payer

James Miller is trying to destroy a 100 year old bank

If you see James around town ask him where the $23,000,000 is

James Miller            made $367k

Todd Michael          made $134k

Richard Dutton      made $194

James McGookey  made $200

Charles Rieserer    made $249k

Don’t worry, this includes country club memberships.

This is good pay for taking tax payer money and not paying it back.

This guy might be raping young boys

James Miller is raping the tax payer, which is worse

They are both criminals


They should hire this guy, he is good with kids

First Citizens Bank Sandusky Ohio was founded in 1884.  The company took $23MM in tax payer funded bailout funds, that they won’t repay.

Dottie Sandusky, if your wife looked like this, child molestation is not a bad alternative!

Assets are $1.1B with supposed equity of $96MM.

The actual equity is $73MM, as they the money they took from the tax payer is debt, not preferred stock.

They have $43MM in problem loans.

Net income was ($2MM) in FY10 and $700k in FY09.

At this rate, how long will it take them to pay back the tax payer $23MM? It is looking like eternity.

Fortunately, the executives were able to pay themselves despite ripping off the tax payers.

James Miller            made $367k

Todd Michael          made $134k

Richard Dutton      made $194

James McGookey  made $200

Charles Rieserer    made $249k

Don’t worry, this includes country club memberships.

This is good pay for taking tax payer money and not paying it back.

James Miller, the tax payer wants their $23MM back

Do you have money in this place.

Taking $23MM from the tax payer is probably not putting the citizens first.

Connecticut Bank and Trust Hartford Connecticut

June 26, 2011

Connecticut Bank and Trust Hartford Connecticut was founded in 2004.  The company took $5MM in tax payer bailout funds, which they won’t pay back.  For some reason, they are not on the problem bank list.  I guess not paying back the tax payer, is not considered a problem for the government.  Funny, they pay dividends to the stock holders.  The stock is delisted, that didn’t take long.

Assets are $273MM with supposed equity of $25MM.

The actual equity is $20MM, as the $5MM they took from the tax payer is debt not preferred stock.

The problem loan portfolio is $22M, with $17MM on non accrual.

Let me get this straight, they have $22MM in problem loans with $20MM in equity.

This place is insolvent.

Why aren’t they at least on the problem bank list?

Being insolvent and not paying back the tax payer is not a problem?

Net income was $560k in FY10 and $357K in FY09.

Based on this stellar performance, how long will it take to pay the tax payer back $5MM.  How about eternity.

The executives might not want to repay the tax payer, but they have no problem paying themselves.

David Lentini        “earned”  $272k

Anson Hall             made       $175k

Lyle Fulton           made       $141k

That is good pay, for bankrupting this place in record time.

So David Lentini runs this place into the ground, wipes out the stockholders, takes tax payers money and doesn’t pay it back.  This guy has it made.

David where is the $5MM you owe the tax payer, maybe in your pocket.

Do have money here? I won’t bank with or trust with these clowns.

Suburban Bank & Trust Elmhust Illinois

June 26, 2011

This is Blanche Hill she took $15,000,000 of tax payer money which she won’t pay back

This sow runs one of the worst banks in the state

This Donald O’Day he took $15,000,000 of your money which he won’t pay back

David is sitting on $67,000,000 in bad loans

Donald O’Day owes the tax payer $15MM

This place is on the problem bank list

They have $67MM in problem loans

Would you bank or trust Donald?

Suburban Bank & Trust, Elmhurst Illinois was founded in 1971.  The company took $15MM in tax payer funded bailout funds, which they won’t pay back.  For some reason, they are not on the problem bank list.  I guess taking tax payer funds and not repaying them, is not a problem for the government.  With a Texas ratio of 100%, that alone should secure them a place on this coveted list.

Assets are $607MM with supposed equity of $43MM.

The actual equity is $34MM, as the tax payer funds are debt not equity as they are calling it.

The problem loan portfolio in relation to the equity base is staggering.  They have $67MM in problem loans, with $54MM on non accrual and $8MM in OREO.  There are $23MM in construction loans on non accrual, that is scary.  That alone will wipe this place out.

With $67MM in problem loans and $43MM in equity, this disaster is beyond bankrupt.

Kind of looks like Blanche Hill

Why isn’t this place shut down?

Take a look at the calamitous financial performance.  Net income was ($14MM) in FY10 and ($27MM) in FY09.   They lost another $1MM in Q1 2011.

Take a look, they lost another $7MM in Q2 2011.

Based on these stellar results, how are they going to pay back the tax payer $15MM? You can kiss that money goodbye.

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

Blanche Hill wiped this place out in record time.  She is one savvy banker.  She took over in 2002 and bankrupted this bank in a hurry .

Blanche, the tax payer wants to know where is the $15MM you stole?

Do you have money in this place. I would not bank with or trust Blanche Hill and her corrupt management team

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?

Exchange Bank Santa Rosa California

June 25, 2011

http://www.capital2risk.com/?s=exchange+bank

Exchange Bank, Santa Rosa California was founded in 1890.  The company took $43MM in tax payer funded bailout ,which it has decided to not pay back.  For some reason, they are not on the problem bank list.  Looking at the balance sheet, this place has problems.  The stock is delisted for a reason.

Assets are $1.5B, with equity of $160MM.

The actual equity is $117MM, as the $43MM in tax payer fund is debt, which they won’t pay back, not preferred stock.

The problem loan portfolio is impressive.  There are $73MM in problem loans, with $68MM on non accrual and $15MM in OREO.  They have $28MM in construction loans on non accrual, ouch.

With $73MM in problem loans and $117MM in equity, this place has serious balance sheet pressure.

This place is close to being insolvent.

With a balance sheet as challenged as this, they at least deserve a place on the problem bank list.

Net income was $10MM in FY10 ($3MM) in FY09 and ($18MM) in FY08.

At this rate,how are they going to pay back $43MM to the tax payer.

The government is using your money to prop up this bank.

Hey Bill Shrader,  where is the tax payer’s $43MM you took?

Do have money here? You might want to exchange it with another bank.

Alarion Bank Ocala Florida

June 25, 2011

Jon Kurtz took $6.5MM of your money, won’t repay it

This place is bankrupt

Alarion Bank Ocala Florida was founded in 2008.  The company took $6.5MM in tax payer funded bailout money, which it has refused to repay. For some reason, they are not on the problem bank list.

Assets are $316MM with $25MM in equity.

The actual equity position is $18.5MM, as the tax payer funding is debt not equity.

They have $16MM in problem loans, with $18MM in equity.

This place is looking bankrupt.

How are they going to pay back the $6.5MM?  They probably can’t.

Do you have money in this disaster?

Country Bank Aledo Illinois

June 25, 2011

Country Bank was founded in 2000.  The company took $4MM in tax payer funded money, which it has neglected to repay.  They have not even paid interest on these funds since, 8/10.  For some reason, they are not on the problem bank list. I guess a Texas ratio of 97%, doesn’t cut it these days.  They should be on the insolvent bank list.

Assets are $211M with equity of $19MM.

The actual equity is $15MM, as the $4MM in tax payer funds is debt, not preferred stock.

The problem loan portfolio in relation to equity position is impressive.  They $38MM in problem loans, with $16MM on non accrual.

With $38MM in problem loans and $15MM in equity, this bank is bankrupt.

How are they going to pay the tax payer back $4MM?  They can’t even pay the interest.

This bank should be shut down.

How can this place not even make the problem loan list, they are certainly qualified.

The management team, wiped this place in record time.

Todd Frye is the CEO.

Hey Todd, where is the $4MM you stole from the tax payer? Are you getting paid? How about at least pay interest on the money you took.

Todd Frye has it made, he gets paid to take tax payer money without paying it back, let alone paying interest, while racking up $38MM in bad loans!  This guy is one savvy banker.

How are they going to pay back the tax payer.

How about if these criminals at least pay interest on the tax payer money.

Do you have money in this scam?

Western Reserve Bank Medina Ohio

June 24, 2011

 

This is Edward McKeon he took $4.7MM of your tax payer, to prop up his insolvent bank, which he can’t pay back

He gets paid $192k a year to make $19MM in bad loans

No wonder he has hair

Western Reserve Bank Medina Ohio was founded in 1998.  The company took $4.7MM, which they have refused to pay back.  For some reason, they are not on the problem bank list.

Assets are $186MM with $17MM in equity.

The actual equity is $12MM, the $4.7MM tax payer money is debt, not so called preferred stock.

The problem loan portfolio is $9MM, with $MM in OREO.

With $19MM in problem loans, and $12MM in equity, this bank is bankrupt.

Why isn’t this place closed down?

Why aren’t they on the problem bank list?

Net income was ($2MM) in FY10 and $232k in FY09.

Based on this financial performance, how are they going to pay back $4.7MM? Your guess is as good as mine.

At least the executives pay themselves despite not paying the tax payer.

Edward McKeon    made $192k

Brian Harr                made $129k

Cynthia Mahl           made $126k

That is good pay for wiping out this bank, stealing tax payer money and not paying it back.

Edward McKeon, where is the $4.7MM, in your pocket.

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

Do you have money in this bank?

Highlands Independent Bank Sebring Florida

June 24, 2011

 

 

 

Highlands Independent Bank Sebring Florida was founded in 1988.  The company took $9.5MM in tax payer funded bailout money, which it has decided to not pay back.  For some reason, they are not on the problem bank list.  Take it from me, this place has problems.

They have assets of $286MM with $20MM in supposed equity.

The actual equity is $10.5MM, as the $9.5MM in tax payer funding is debt not preferred stock.

This place is just being propped up by the government, with tax payer money.

They have $14MM in problem loans, with $9MM in non accrual and $9MM in OREO.

With $14MM in problem loans and $9.5MM equity, this place is insolvent.

Why isn’t this bank shut down?

They at least deserve a place on the problem bank list.

With net income of ($3MM) in FY10 and ($6MM) in FY09, how are they going to pay the tax payer back the $9MM.

Do you have money in this place?

First National Community Bank Dunmore Pennsylvania

June 24, 2011

This is Gerald Champi, he got this place on the problem bank list

He makes $315k which includes a country membership and a car allowance

Thanks to  Gerald, the bank has $61MM in bad loans

This is Louis DeNaples, he was kicked off the board for perjury to state gaming officials

Do have money in this place?

Fed Orders DeNaples to Resign from First National Bank

Dow Jones
APR 10, 2012 4:07pm ET

WASHINGTON — The Federal Reserve ordered Louis A. DeNaples to step down from the board of First National Community Bancorp (FNCB) of Dunmore, Pa., and submit a plan for selling his controlling stakes in First National and another bank.

A person who has been convicted of certain crimes involving dishonesty or who has settled such charges may not sit on the board of a bank holding company or participate in its affairs without the consent of the Fed.

In 2009, DeNaples settled 2008 charges he lied under oath to the Pennsylvania Gaming Control Board while trying to obtain a gaming license for a casino he owned, according to an order released by the Fed on Tuesday.

DeNaples is currently the chairman and a director of First National and owns a roughly 10% stake in the bank, the Fed said. He owns roughly 45% of the shares of Urban Financial Group of Bridgeport, Conn.

The Fed said DeNaples didn’t ask the central bank for permission to continue his ties to the banks.

DeNaples couldn’t immediately be reached for comment.

They lost $65MMin the last 2 years, 95%v of the loans are on non accrual

Gerald, you are bankrupt

This guy wiped out a 101 year old bank

This is J. David Lombardi, he bald clown makes $530,000, this includes country club expenses and car allowances.

He was able to get this disaster on the problem bank list, no wonder he is bald

J. David helped this place lose $65,000,000 in the last 2 years

J. David is about to wipe out  100 year old bank

First National Community Bank Dunmore Pennsylvania is a proud member of the problem bank list.

Assets are $1.3B with equity of $73MM.

They have $61MM in problem loans with $58MM on non accrual.  Wow, 95% of the problem loans are on non accrual, that is impressive.  They have $9MM in OREO.

Wait, they have $61MM in problem loans, supported by $73MM in equity.

This place is insolvent, maybe that is why they are on the problem bank list, they should be on the insolvent bank list.

It looks like they really blew up in 2010.  Net income was ($55MM) in FY2010 and ($10MM) in FY09.

At least the executives paid themselves well, for destroying a 101 year financial institution.

J David Lombardi   made $530k

Thomas Vlaney          made $278

Gerard Champi          made $315k

William Lance            made $149k

Stephen Kavulick     made $141k

Don’t worry, this includes country club fees and car expenses.

That is good pay, for wiping out 57% of the equity in 2 years.

J David Lombardi should be in jail. He paid himself $530k, to wipe out a 101 year old bank and  lose $65MM .

Put him in jail.

Do you have money in this place?

Cole Taylor Bank Chicago Illinois.

June 24, 2011

This is Mark Hoppe he stole $104,000,000 of tax payer money

Mark  makes $835,000 a year but he won’t pay the tax payer back

Mark you are sitting on $130,000,000 in junk loans how the F$$ck are you going to pay back the $104,000,000 you owe the tax payer?  You can‘t

This criminal should be in jail

Is John Dillinger any worse than Mark Hoppe?

Here is Jeffrey Taylor and Bruce Taylor these criminals stole $104,000,000 in your  tax payer money which they won’t pay back

Cole Taylor Bank Chicago Illinois, took $104MM in tax payer funded bail out money, which they haven’t repaid.  For some reason, they are not on the problem bank list.  Take my word for it, this place has serious problems.

Assets are $4.8B with equity of $208MM.

The actual equity is $104MM, the $104MM they owe the tax payer is debt not so called preferred stock

The problem loan portfolio is incredible.  They have $244MM in problem loans, with $206MM on non accrual and $31MM in OREO.

Hold on, they have $244MM in problem loans with $104MM in equity?

This bank is bankrupt.

Why aren’t the closed down? Probably because they owe the tax payer a $104MM.

With a balance sheet like this, they deserve a place on the problem bank list.

Take a look at the losses, unbelievable.  Net income was ($79MM) in FY10, ($43MM) in FY09 and ($143MM) in FY08.

At least the executives get paid, even if the tax pay never will.

Bruce Taylor       made  $587k

Mark Hoppe       made   $835k

Lawrence Ryan made $519k

That is great pay for bankrupting this company, stealing tax payer money and not paying it back.

Mark Hoppe, where is the $104MM you owe the tax payer, we know $835k is in your pocket.

Mark Hoppe gets paid $835k to lose $265MM in 3 years. This guy has it made.

Is this your bank?

Sanibel Captiva Community Bank

June 23, 2011

Sanibel Captiva Community Bank Sanibel Florida was founded in 2003.  The company is on the problem bank list, for general incompetence in commercial rel estate lending.

Assets are $241MM with equity of $20MM.

The problem loan portfolio is going to wipe this place out. They have $10MM in loans on non accrual and $10MM in OREO.

This place is bankrupt, why aren’t they closed down?

It take this management team long to bankrupt this bank.

First Sound Bank Seattle Washington

June 23, 2011

 

This is Don Hirtel, the CEO who took $7.4MM of your which he won’t pay back

Don hasn’t even paid interest on this money since 11/09

Thanks to Don the stock is de listed

Don made $17MM in bad loans and is on the problem bank list for unsafe and unsound lending

Don runs one of the worst banks in the state

Don wiped out 600% of the equity in only 3 years

First Sound Bank Seattle Washington was founded in 2004, great timing.  This place has it all.  They took $7.4MM in tax payer funded bailout money, which they have decided to not pay back.  They haven’t even paid interest since 11/09.  They are on the problem bank list for unsafe and unsound banking practices regarding capital, asset quality and earnings.  The stock is delisted.  The Texas ratio is 212%.

They are also on the list of under capitalized banks.  If there were a list of insolvent banks, they would head that up also.

Assets are $145MM with equity of $6MM.

The actual equity is ($1.4MM), as the $7.4MM in tax payer funding is debt, not what the want to call preferred stock.

The problem loan portfolio in relation to the equity base is staggering.  Then again, what equity base, it’s negative.  There are $17MM in problem loans. Get this, they have $7.5MM in non accrual construction loans. That is about what they owe the tax payer.

This bank is beyond bankrupt.

Why aren’t they closed down?

Net income was ($6MM) in FY10, ($16MM) in FY09 and ($2MM) in FY08.  Holy cow, they lost another $2MM in Q1.

Based on this financial performance, how are they going to pay back the $7.4MM to the tax payer. It’s not going to happen.

The bank raised $6MM in capital in April, except the lost another $2MM in Q1, savvy!  Who in their right mind would invest in this disaster?

Don Hirtzel has done a remarkable job running this place into the ground.  He wiped out 600% of equity,  in only 3 years.

Don where is the $7.4MM, you owe the tax payer?

Do you have money here.  This bank is definitely not sound.

It won’t be long before this thing is floating in the Puget Sound.

First United Bank & Trust Oakland Maryland

June 23, 2011

Take a look at the new site

capital2risk.com

This is Bill Grant, the CEO he took $30,000,000 of your money which he can’t

Bill hasn’t even paid interest on this money since 8/10

Bill gets paid $262k to rack up $108,000,000 in bad loans

Bill lost $22,000,000 in the last 2 years wiping out a 111 year old bank

Would you bank or trust with Bill Grant, this guy is legal

This clown is vice chairman of the ABA, talk about he stole $30,000,000 in tax payer money which he won’t even pay interest on.

The mustache alone makes this guy look guilty

The mustache makes him look like he knows what he doing

First United Bank & Trust Oakland Maryland was founded in 1900.  They took $30MM in tax payer funded bailout money, which they won’t pay back.  They haven’t even paid interest on these funds, since 8/10.  So the customer has to pay interest, but the bank doesn’t have to pay interest to the tax payer?

Assets are $1.6B with supposed equity of $138MM.

The actual equity is $108MM, as the $30MM they are calling preferred stock is debt, not equity.

They have $81MM in problem loans, with another $18MM in OREO.

With $81MM in problem loans and $108MM in equity, this place is technically insolvent.

Why aren’t they on the problem bank list? Those regulators  have this banking debacle figured out?

Net income was ($11) in FY10 and ($12MM) in FY09.

Based on the recent financial performance, how are they going to pay the tax payer back $30MM? It is not looking good.

Check this out, the executives get paid, but they don’t even pay interest on the money the stole from the tax payer.

William Grant               made $262k

Carissa Rodzheaver  made $188k

Steven Lantz                made $176k

Wow, that is good pay for bankrupting a 111 year old financial institution.

They pay themselves well for wiping this place out, stealing tax payer money and not even paying interest.

These guys have it made.

William Grant, where is the $30MM you stole?

William Grant, you lost $23MM in the last 2 years and you owe the tax payer $30MM plus interest.

This bank survived the great depression but can it survive William Grant?

William Grant, you owe the tax payer about $1.5MM in back interest on the money you stole, how about paying  that back to start.

This zombie bank is being propped up with tax payer funds, which they can never pay back.

Do you have money in this abortion?

I would not bank with or trust with these criminals.

Plumas Bank Quincy California

June 23, 2011

Plumas Bank Quincy California was founded in 1980.  They took $12MM in tax payer funded bailout money, which they have neglected to pay back.  They haven’t even made an interest payment since 2/10.  They are also on the problem bank list.

Assets are $468MM with equity of $47MM.

The actual equity position is $35MM, as the $12MM they borrowed is debt, not prefered stock.

The problem loan portfolio is $34MM, with $24MM on non accrual.  They also have $9MM in OREO.

With $34MM in problem loans and $47MM in equity, this place is insolvent.

Net income was $287k in FY10 and ($10MM) in FY09.

At this rate how long will it take them to pay back $12MM?

The tax payer may never get paid back, but the executives get paid.

Andrew Ryback    made $171k

Robert Harr            made $148k

BJ North                   made $147k

Where is that $12MM that you took?  How about at least paying the interest.

Do you have money in this disaster?

Wilshire Bank Los Angeles California

June 22, 2011

Wilshire Bank Los Angeles California was founded in 1980.  The company took $62MM in tax payer funded bailout money, which it chosen to not repay.

Assets are $2.9B with $246MM in equity.

The actual equity is $184MM, as the $62MM in tax payer funding is a loan, not an equity injection.  Once again, the government is using tax payer money to prop this place up.

The problem loan portfolio in relation to the equity position is impressive.  They have $206MM in problem loans, with $158MM on non accrual.

With $206MM in problem loans and $184MM in equity, this bank is bankrupt.

Why aren’t they shut down?

At least , they should be invited to be on the problem bank list.  They certainly are qualified.

Net income was ($38MM) in FY10 and $16MM in FY09.  Hold on, they lost another $50MM in Q1 2011.  Do you think this place is imploding?

Based on this financial performance, how do you think they are going to pay back the $62MM to the tax payer?

They have a solution, they just announced a $100MM stock offering. Can’t wait to invest in this disaster.

The executives make no effort to pay back the tax payer, at least they pay themselves.

Alex Ho            made  $262k

Joanna Kim     made $313k

Sung Soo Han  made $217k

These cats pay themselves well, for bankrupting this place.

The tax payer is wondering were the $60MM is, check your pockets.

Do have money in this piece of work?

Heartland Financial Dubuque Iowa

June 22, 2011

This is Lynn Fuller he took $81,000,000 payer money

Lynn won’t this money back

Lynn takes $604,000 a year

This is Lynn Fuller the CEO, he took $81MM on your tax payer money which he won’t repay

He makes $604k a year, not bad for Iowa

The bank made $2MM last year, how long will it take them to pay back $80MM

Lynn will be 6 feet under by the time tax payer gets paid back

This cat has a corporate jet?

Lynn where is the $80MM, check your pockets.

This is Jon Schimdt the CFO he took $81,000,000 of your money

Jon makes $454,000 and he owes you $81,000,000

Jon is a criminal!

Heartland Financial Dubuque Iowa took $81MM in tax payer funded bailout money, which it has decided to not repay.

Assets were $3.9B with equity of $329MM.

Net Income was $2MM in FY10 and $4MM in FY09.

Based on this financial performance, how long will it take them to pay back $80MM in tax payer money, how about eternity.

At least the executives weren’t impacted.

This is Douglas Horstmann he makes $352,000 a year

Lynn Fuller                made $604k

John Scmidt               made $454k

Douglas Hurstman  made $352k

Kenneth Erickson    made $348k

Melvin Miller             made $257k

This team makes good money, and they get to steal tax payer money and not pay it back.

Lynn, you are a criminal, stole $81MM from the tax payer, you make not effort to pay it back and you get paid $604k.

Lynn Fuller should be in jail

It looks like they have no ability to pay it back.

Do you have money in this back.

Take your money out of this bank, Lynn Fuller is a crock

Vernon Bank Vernon Alabama

June 22, 2011

This guy can’t be worse than the current CEO

Vernon Bank Vernon Alabama was founded in 1911.  The company took $6MM in tax payer funded bailout money, that they have decided to not pay back.  Then again, they decided to stop paying interest on these funds on 10/10.  That is not a bad deal, free money with no interest.  Do you think they waive the interest on their customers loans?   The Texas ratio is 68%.

Assets are $230MM with $19MM in equity.

The actual equity position is $13MM, as the the $6MM they took from the tax payer, is debt not preferred stock, as they are calling it.

They have $13MM in problem loans with $11MM on non accrual.

With $13MM in equity, and $13MM in problem loans, they are bankrupt.

Why is this bank not shut down?

Why aren’t they at least on the problem bank list? Maybe it’s me, but I think they have some problems.

Check out the website, they forget to tell you who the management team is.

Take a look at the “financial facts”, there is no income statement posted.

I’ll give you some financial facts, this place is bankrupt!

CF Bank Fairlawn Ohio

June 22, 2011

Eloise where is the $7MM you took?

Check out the new site

capital2risk.com

The efficiency ratio is 104%, these idiots lose money just opening up the doors

The ROE is (20%)

They have lost about $20,000,000 in the last 3 years wiping out half the equity

When the NI is 30% lower than the overhead, maybe it is time to close this disaster down

Eloise Mackus, the CEO who owes you $7MM

She makes $190k and lost $17MM in the last 2 years

She is one hot looking banker

CF Bank Fairlawn Ohio was founded in 1892.  The company took $7MM in tax payer funded bailout money, which it has decided to not pay back.

Assets are $272MM with equity of $16MM.

The actual equity is $9MM, as the $7MM in bailout funds is debt, not preferred stock.  The government is just trying to prop up this bankrupt institution.

The problem loan portfolio is $5MM, with $3MM in OREO.

This place is insolvent.

Why are they not shut down?

Then again, why aren’t they on the problem bank list?

Net income was ($7MM) in FY10, ($10MM) in FY09.

How are they going to pay back the tax payer at this rate?

At least the executives are getting paid.

Eloise Mackus      made $190k

Theresa Liutkus   made $184k

Corey Laster         made $284k

Mark Aillo              made   $128k

That is good pay for wiping out a 149 year old financial institution.

Stillwater National Bank Stillwater Oklahoma

June 22, 2011

 

Rick Green makes $543,000 a year

Rick Green stole $70,000,000 in your tax payer money which he won’t pay  back


Stillwater National Bank Stillwater Oklahoma was founded 1894.  The company took $70MM in tax payer funded bailout money, which it has decided not to repay.

Assets are $2.8B with equity of $365MM

The actual equity is $295MM as the $70MM is debt not equity.

The problem loan portfolio is impressive.  They have $107MM in problem loans, with $54MM of construction loans on non accrual.

This portfolio, could put a significant strain on the equity position.

Net income was $12MM in FY10, $8MM in FY09 and $14MM in FY08..

Why haven’t they used these funds to pay back the tax payer?

Maybe the tax payer won’t get paid back, but executives have  taken care of themselves.

Rick Green                     made $543k

Kerby Cromwell          made $271k

Jerry Vanier                  made $323k

Kimberly Sinclair        made $285k

Charles Westerheide  made $281k

That is good pay.

How are you going to pay back the $70MM to the tax payer?

First Federal Bank Defiance Ohio

June 22, 2011

This is Jim Rohers, he took $37MM of your money which he won’t pay back

Don’t  worry, Jim makes $230k which includes a country club membership and a car allowance

Jim’s attempting to bank a 91 year old bank

How about getting defiant and taking your money away from Jim

First Federal Bank Defiance Ohio was founded in 1920.  The company took $37MM in tax payer funded bailout money, which it has decided to not pay back.

Assets are $2B with equity of $176MM.

The actual equity position is $139MM, as the tax payer is funding 21% of the equity base.

Net income was $6MM in FY10, $5MM in FY09 and $7MM in FY08.

Why didn’t they use these funds to repay the tax payer?

At least, the executives pay themselves before the tax payer.

William Small    made $347k

Donald Hilman  made $187k

James Rohers    made $230k

Gregory Allen  made $195k

Dennis Ross      made $162k

This includes car expenses and country club memberships.

Not bad pay for western Ohio.

They can certainly pay themselves but they are in defiance of paying the tax payer.

Small Willy pays himself $347k, but when it comes to paying back the tax payer $37MM, he becomes defiant

First California Financial Los Angeles California

June 22, 2011

Here is CG Kum he took $25MM in you tax payer money which he won’t repay

He gets paid $535k which includes a country membership and car expenses, that pay package will make you Kum

That is good pay for making $143MM in bad loans

The bank made $1.4MM last year, how long will it take them to pay back the $25MM to the tax payer?

First California Financial Los Angeles California was founded in 1979.  The company took $25MM in tax payer funded bailout money, which it has decided to notrepay.

Assets are $1.8B with equity of $235MM.

The actual assets are $210MM, as the $25MM in tax payer funding is deb, not preferred stock.

The problem loan portfolio in relation the equity position is impressive.  They have $143MM in problem loans with $119MM in non accrual.

With $143MM in problem loans and $210MM in equity, this place could quickly become insolvent.

Wow, with these pathetic numbers, they can’t even get on the problem bank list.

Net income was $1.4MM in FY10 and ($4.6MM) in FY09.  How long will it take them to pay back $25MM? Do the math.

The executives were able to pay themselves, even though they decided to not pay back the tax payer.

C G Kum                      made $535k

Romalo Santorosa  made $301k

Donald Macauley    made $240k

These numbers include car expenses and country club memberships.

So, the tax payer is paying for these guys to play golf.

That is good pay for making bad loans, taking tax payer money and not paying it back.

Is this your bank?

Southern First Greenville South Carolina

June 22, 2011

                                                                                                                             This is R. Arthur Seaver he took $15MM in you tax payer money, which he can’t pay back

He makes $637k a year including a country membership and a car allowance, paid for by the tax payer

He lost $447k for the bank last year, how long will it take him to repay $15MM

This guy gets paid $637k a year to wipe out this place in record time

Southern First Greenville South Carolina was founded in 2000.  The company took $15MM in tax payer funded bailout money, which it has decided to not pay back.

Assets are $759MM with equity of $71MM

Net income was ($447k) in FY10 and $265k in FY09

Based on this historical performance, how long will it take them to pay the tax payer back the $15MM? Eternity.

Fortunately, the executives get paid before the tax payer.

R. Arthur Seaver        made $637k

F. Justin Strickland   made $403k

Frederick Gilmer       made $203k

This includes country club memberships and car allowances.

That is pretty good pay for taking tax payer money and not paying it back.

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

Do you have your money here?

Southern First, tax payer last.

Western Alliance Las Vagas Nevada

June 21, 2011

This Robert Sarver he took $160MM of your money which he can’t pay back

He makes $1.5MM a year

Hold on he lost this bank “$415MM” in the last 3 years

Robert should be n jail

Robert you lost $415MM, how the hell are you going to pay back $160MM

Western Alliance Bank Las Vagas Nevada took $160MM in tax payer funded bailout money, which they decided not to pay back.  Maybe they lost it at the casino.

Assets are $6.1B with equity of $602MM

Net income was ($17MM) in FY10, ($161MM) in F09 and ($237MM) in FY08.

Stellar financial performance.  How are they going to pay back the tax payer $160MM?

They better stick with poker, the one armed bandit won’t cut it..

Wow, these executives pay themselves well to lose all this money.

Robert Sarver             made  $1.5M

Kenneth Vecchione made $1.8MM

Dale Gibbons              made $567k

Gerald Cody                made $643k

James Gundy              made $556k

So, these guys pay themselves $5M, to lose, get this, $415MM!

They are not worried about pay for performance.

What a life, they also get paid to steal tax payer money and not pay it back.

What happens in Vegas stays in Vegas?

MidSouth Bank Lafayette Louisiana

June 21, 2011

This is Rusty Clouter, he took $20MM of you money which he won’t pay back

Rusty makes $450k including  a country club membership

Rusty where is the $20MM

MidSouth Bank Lafayette Louisiana took $20MM in tax payer funded bailout money, which they have decided to not pay back.

Assets are $1B with equity of $127MM.

Net income was $4MM in FY10, $3MM in FY09 and $5MM in FY08.

How come they didn’t use these funds to pay back the tax payer?

Maybe they needed the money to pay the executives.

C R Cloutier               made $450k

Karen Hall                  made  $253k

James McLemore  made $252k

John Nichols           made  $219k

Don’t worry, these salaries include country club memberships.

This team has it made, they pay themselves first, steal tax payer money and make no effort to pay it back.

We get to work and pay taxes, to pay for them to play golf!  That is a good racket.

For some reason, the website doesn’t want to tell you who the management team.

Just go the country club, you’ll find them there.

Heritage Commerce Corp San Jose California

June 21, 2011

This is Walter Kacmarek, he took $40MM of your tax payer money which he can’t pay back

Walter hasn’t even paid interest on these funds since 8/09

Walter caused his bank to lose $72MM in the last 2 years, how is he going to pay back $40MM, he can’t

Luckily Walter gets paid $938k a year, not bad for bankrupting this place

Walter should be incarcerated

Heritage Commerce Corp San Jose California was founded in 1994.  They company took $40MM in tax payer funded bailout money, which they decided to not repay.  Then again, they haven’t even made an interest payment since 8/09.

Assets are $1.2M with equity of $182MM.

Net income was ($58MM) in FY10 and ($14MM) in FY09.

So, how are they going to pay the tax payer back $40MM. Not happening in my lifetime.

Walter Kacmarek         made $938k

Lawrence McGovern made $330k

David Kawamoto         made $252k

Raymond Parker         made $609

Wow, these guys have it made.  They make great salaries, get tax payer funding and don’t have to pay it back.

Do you have money in this place?  They have your money and the tax payer’s money, who is better than these guys.  This is California dreaming

S&T Bank Indiana Pennsylvania

June 21, 2011

This is Todd Brice, this clown took $106MM of you tax payer money, which he won;t pay back

Todd makes $908k per year including a country membership and a car allowance, funded by the tax payer

This fat cat banker is not missing any meals

Todd the tax payer wants the $106MM back

How many chins doe Todd have?

S&T Bank Indiana Pennsylvania was founded in 1902.  The company took $106MM in tax payer funded bailout money, which they have decided to not pay back.

Assets are $4.4B with equity of $576MM

Net income was $37MM in FY10 and $2MM in FY09.

Why wasn’t this money used to repay the tax payer?

How come they are paying dividends to the share holders, but are not paying back the tax payer?

At least the executives pay themselves well, for not paying the tax payer back.

Todd Brice         made $809k

Mark Kochvar   made $443

Edward Havek   made  $664k

David Antolik     made $458k

David Ruddock  made $358k

Robert Routt      made $129k

That includes country memberships and car allowances!

Wow, that is good pay for western Pennsylvania.

These guys have a great gig, make bis salaries, steal tax payer money and not pay it back.  To top it off, the tax payer pays for your country club memberships.

Do you have money in the place?

Peoples Bank York Pennsylvania

June 21, 2011

 

This is Larry Miller, the CEO, he took $15MM of your money which he won;t pay back

Hold on Larry, you are giving away $6k and you owe the tax payer $15MM

Don’t worry about Larry, he pays himself $508k a year

Don’t worry about Larry, he is not starving, how many chins does he have?

Peoples Bank York Pennsylvania took $15MM in tax payer funded bailout funds which they have yet to pay back.

Assets are $957MM with equity of $76M

The actual equity is $65MM as the $15 in bailout money is debt not equity.

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

How come these funds weren’t used to repay the tax payer?

At least the executives got before the tax payer.

Larry Miller    made $508k

Harry Swift     made $329k

Jan Weaver    made $188k

These people get paid well and they get tax payer funding! That is good scam.

Is this really the Peoples Bank? They should change the name to the Tax Payers bank.

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?

FSG Bank Chattanooga TN

June 21, 2011

Take a look at the new site capital2risk.com

This fat cat bankster is Michael Kramer

This A$$hole lost $21,000,000 in Q4 2011

Why does Michael have no hair? He wiped out 29% of the remaining equity in only 90 days

Michael is savvy F$$ing banker

Michael took  $33,000,000 in the tax payers money

Michael won’t even pay interest on the money he took

This clown is sitting on $76,000,000 in junk loans


He hasn’t even paid interest on these funds since 11/09

Check out Denise Cobb

This Cobb is sitting on $76,000,000 in shit loans

FSG Bank Chattanooga Tennessee was founded in 2000.  The company took $33MM in tax payer funded bailout money, which it has chosen to not pay back.  As a matter fact, they haven’t even made an interest payment of these funds since 11/09.  That hasn’t stopped the executives from paying themselves hundreds of thousands of dollars.  They are also on the problem bank list.

Assets are $1.1B, with supposed equity of $88MM.

The actual equity is $55MM, as the $33MM in tax payer funds is debt, not so called preferred stock.

The problem loan situation is large.  They have $68MM in problem loans, with $53MM on non accrual and $28MM in OREO.

This bank is insolvent.

Why have they not been shut down?

These guys are also professionals at losing money.

Net income was ($48MM) in FY10 and ($35MM) in FY09.

This allowed them to wipe out 55% of the equity in 2 years.

With this stellar financial performance, how are they going to pay the tax payer back $33MM?  They can’t.

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

Roger Holly                made  $830k

William Lusk              made $217k

Lloyd Montgomery made $663k

This includes country club fees.

Roger Holly was recently kicked to the curb, however he was given a $2MM golden parachute.  Sounds like Roger had his wife’s business on the payroll.

Sounds like Roger should be in jail.

This company stole $33MM, non of which they can pay back, they can’t even pay interest but, they have money for their country club memberships.

Lloyd you pay yourself $663k, you must know where the $33MM, in take payer money you took is.

Lloyd Montgomery should be in jail. If you are looking for Lloyd check out the golf course.

Lloyd, can you possibly use the country club fees to pay back the tax payer?

Do you have money with these criminals?  Take it out, they took our tax payer money and you are not getting it back.

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?

Mercantile Bank Grand Rapids Michigan

June 20, 2011

Take a look at the new site

capital2risk.com

How many chins does Michael have, thanks to the tax payer he appears well fed.

This is Michael Price, he took $21MM in bailout money, which he won’t pay back

Michael hasn’t even paid interest on your money since 5/10

Don’t worry Michael get paid $496k, including a country club membership

How many chins does this fat cat bankster have? he is not going hungry

Thanks to Michael, this bank lost $71MM in the last 3 years

Michael, how the hell are you going to pay the tax payer back $21MM?

At least the country club membership is paid for by the tax payer

You can’t put a price on this clown

This is Robert Kaminski he makes $318,000 which includes country club expenses

Robert was instrumental in losing $71,000,000 for this bank

Why is Robert going bald, maybe having $75,000,000 in bad loans could do that

Here is Charles Christmas, the CFO, he makes $265,000 to steal $21,000,000

Holy Christ, this dope destroyed this bank

Did you invest in this disaster?

Move to Merc?

This place is bankrupt, they took $21,000,000 of your money, which they can’t pay interest on

Mercantile Bank Grand Rapids Michigan was founded in 1997.  The company took $21MM in tax payer funded bailout money, which it has not paid back.  They have also, have not even paid interest of these funds since 5/10.  For some reason, they are not on the problem bank list.

Assets are $1.58B with equity of $159MM.

The equity is actually $139MM, as the $20MM in tax payer funding, is debt not so called equity.

They have $75MM in loans on non accrual, with $15MM in OREO.

This place is close to being insolvent.

Are you sure they shouldn’t be on the problem bank list?

Net income was ($14MM) in FY10, ($52MM) in FY09 and ($5MM) in FY08.

With this financial performance, how are going to pay back $20MM?  They are aren’t.

The management team wiped out 39% of the equity in 3 years.

At least the executives paid themselves well, despite screwing over the tax payers

Michael Price  made        $496k

Robert Kaminski  made   $318k

Charles Christmas made $265k

That also includes country fees, a gratuity from the tax payer. These guys don’t even pay interest on the tax payer money, but they have their country club fees paid.

That is good pay for running this place into the ground and taking $20MM in tax payer money.

Is this you bank? Say hi to Michael Price, when you see him at the country club, on your dime.

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.

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.

State Bank & Trust Macon Georgia

June 20, 2011

Take a look at the new site

capital2risk.com

The dork in  middle is Joseph Evans, he makes $615K a year

Not bad for making almost a $1B in bad loans, looking for a construction loan, he has $350MM on non accrual,00

State Bankrupt and Trust

Do you money in this disaster? It is bankrupt

Absolutely BANKRUPT with $832,000,000 in shi$t loans

This is J Daniel Speight, he makes $529,000 a year to bankrupt this place

The J stands for JACKASS

Joseph Speight, wonder how he got this job

State Bank & Trust Macon Georgia was founded in 2005.  This place is bankrupt and for some reason they couldn’t make the problem bank list.

Assets are $2B with equity of $336M

Are you sitting down? Take a look at the problem loan portfolio in relation to the equity base.  They have $853MM in problem loans with $763MM on non accrual!  There are $342MM construction loans on non accrual.

This is Kim Childers he makes $529,000 a year

Kim, isn’t a woman’s name, he is chief credit officer

This is the dumb ass who made all of the shit loans

Get this, the FDIC is using about $397MM of tax payer money to guarantee the bad loans they made.  The problem is the FDIC is bankrupt.

So, they have $853MM in bad loans with $336MM in equity, this place is beyond bankrupt.

Why isn’t this place shut down?

This dope is Stephen Doughty he makes $538,000 a yer

I doubt he has any idea what the fu$$ck he is doing

Probably because this thing is being propped up by tax payer money, so they can make more bad loans.

Why isn’t this place on the problem bank list?

At least the executives get paid well for bankrupting this place in record time.

Joseph Evans            made $615k

J Daniel Speight       made  $529k

Kim Childress          made   $529k

Stephen Doughty    made   $538k

This team all paid themselves a bonus of $175M, it must be great when you get a bonus for destroying a company.

This incompetent team pays themselves well for wiping this place out and making a staggering number of bad loans.

Do you have money in this bank?  They are stealing your tax payer money and are bankrupt.

I wouldn’t bank or put my trust in this place.

First Bank Troy North Carolina

June 20, 2011

First Bank Troy North Carolina was founded in 1934.  This bank stole $65MM in tax payer funded bailout money which, it has refused to pay back.  For some reason they are not on the problem bank list.  I guess taking $65MM from the tax payer and not paying it back, is not a problem.

Assets are $3.4B with $390MM.

The actual equity is $365, as they money they took from the tax payer is debt, not so called preferred stock, as the government lets them call it.

They have $274MM in problem loans with $214MM on non accrual.

So, they have $274MM in bad loans with $365MM in equity.

They have $88MM in non  accrual construction loans, this alone will wipe them out.

This bank is insolvent.

Why aren’t they closed down

Then again, they are probably well qualified for the problem bank list.

Net income was $11MM in FY10, $61MM in FY09 and $24MM in FY08.

Why haven’t they used this money to pay back the taxpayer?

At least , the executives get paid well for wiping this place out.

Jerry Ochetree         made $735k

Anna Hollers             made $518k

Theresa Nixon          made $428k

Eric Credle                 made $325k

David Grigg               made $396k

Hey Jerry, you pay yourself $735k, to bankrupt this place and steal $65MM from the tax payer, which you refuse to pay back.

Do you have money in this bank? You are paying this team good money, to take $65MM of your money, which they won’t pay back.

Take your money out of this Zombie bank.

They are not the First Bank to take tax payer money and not pay it back.

Next time you go into this bank ask Jerry Ochetree where your $65MM is, it is being used to pay his country club membership.

Take a look at the 2010 year end financial statements, he says “our financial position is strong”

Strong, this thing is insolvent and owes the tax payer $65MM.

First Federal Bank Harrison Arkansas

June 17, 2011

Here is the new site

capital2risk.com

Here is Larry Brandt on the left this criminal took $16,000,000 in tax payer money which he won’t pay back

Larry gets paid $430,00 to take your money

Larry won’t even pay interest on the money he stole

Larry also wiped out the stockholders

Larry lost $1,800,000 in Q4 2011 alone how is this clown going to pay back the tax payer $16,000,000

 Larry won’t even pay interest on the money he stole


Larry is sitting on $75,000,000 in bad loans, with $70,000,000 in equity

Larry you are F$$king bankrupt

First Federal Bank Harrison Arkansas was founded in 1934.  This is one zombie bank.  They took $16MM in tax payer funded bailout money, they have paid back $6MM.  However, they have not paid interest on these funds since 10/09, they have only made 3 interest payments on these funds.  That is a pretty good deal, when a bank doesn’t have to pay interest on money they took from the tax payer.  The stock is delisted.

They are also on the problem bank list. It looks like they made some bad real estate loans, imagine that.

Here is Tommy Richardson he makes $264,000 to steal tax payer money

Tommy got this place on the problem bank list

Tommy also wiped out the stockholders

Assets are $573MM with equity of $35MM.

The actual equity is only $19MM, as the $10MM in so called preferred stock is actually debt not equity.

The problem loan portfolio incredible.  They have $94MM in bad loans.

If the bank has $94MM in bad loans with $19MM in equity, I would say they are bankrupt.

Why isn’t this place shut down?

At least the executives get paid well, even though the tax payer doesn’t even get paid interest on their loan.

Larry Brandt                 made $430k

Tommy Richardson  made $264k

Sherri Billings              made $245k

So, these 3 pay themselves $1MM, but don’t pay interest on the money they stole from the tax payer.

Larry Brandt makes $430k to bankrupt the company, wipe out the stockholders and steal tax payer money.   How about using some of the $430k to pay interest to the tax payer.

He also destroyed 94% of the equity in the company in 3 years.

Larry, you destroyed a 77 year old financial institution, good effort.

Larry, where is the $16MM you took from the tax payer, in your pocket.

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

They have 100 properties for sale, are you looking for vacant loan or abandoned properties.

Do you have money here? They are using your tax money to pay themselves large salaries.

Ridgestone Bank Brookfield Wisconsin

June 15, 2011

Ridgestone Bank Brookfield Wisconsin was founded in 1999.  The bank took $11MM in tax payer funded bailout money, which has neglected to pay back.  They have also chosen not t pay dividends since 8/09.  So this place pays it’s executives but won’t pay interest on the money, they took from the tax payer.

They are also on the problem bank list.  They were cited for having weaknesses in management, capital, liquidity and asset quality.  Maybe, that is why the Texas ratio is 92%.

Assets are $456MM with equity of $42MM.

The actual equity is $31MM, as the $11MM in tax payer funding is debt not preferred stock as they are calling it.

The problem loan portfolio is $54MM with $44MM on non accrual.

With $54MM in problem loans and $31MM in equity, this place is technically insolvent.

Why isn’t this place closed down.

How come they aren’t paying back the tax payer, let alone paying interest on the debt.

This place is a zombie bank, do  you money in this thing?

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.

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 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?

Valley Bank Roanoke VA

June 10, 2011

Ellis Gutshall the CEO took $16MM in bailout money which he can’t repay

Then again, he hasn’t even paid interest on this money since 2/10

At least Ellis is paying himself $494k a year, that must go pretty far in Roanoke

This is Kimberly Snyder CFO she is the one that loses all the money

You would think for $250,000 a year she could get a decent haircut

Kimberly why won’t you even pay interest on the $16,000,000 you stole from the tax payer

The median household income is like $30,000

This wench makes 10 times that and she stole $16,000,000 from you which she won’t even pay interest

Stop into Valley Bank and ask her were the money she took is ?

This clown is a disaster

Kimberley sure looks like a Snyder, that is Latin for Di$$nger 

How about this cat as CFO, can’t be any dumber than Kimberley Snyder

Valley Bank Roanoke Virginia was founded in 1995.  The bank took $16MM in tax payer funded bailout, which money which it has decided to not

repay.  As a matter of fact, they haven’t paid interest on these funds since 2/2010.  That is a good use of taxpayer money.

This is Andrew Agee this dope made $17,000,000 in bad loans

Andrew gets paid $210,000 a year to make S$$t loans

Here is Abney S Boxley III Chairman, hold on there are 3 of these clowns, weren’t the first 2 enough

What the hell is an Abney?

Sounds Phallic?

Then again, not paying interest on the money you took from the tax payer ABNEY is phallic

Abney how about calling up Robert E Lee and at least paying back the tax payer in confederate money

Ellis and Kimberly are across the street at the Holiday Inn EXPRESS, they make about $1,000,000 combined

They are utilizing the tax payers $16,000,000 good thing they can’t even pay interest on the money they stole

Ellis has found the Valley

They have assets of $767MM with equity of $53MM.

The actual equity is $37MM, as the $16MM they took from the tax payer and decided not to repay, is debt no preferred stock.

The bank has $17MM in problem loans.

Having $17MM in bad loans with $37MM in equity is not a great situation.

Net income was $2MM in FY10 and ($6MM) in FY09, at this rate how long will it take them to pay back $16MM?

Here they are using tax payer money to open another branch to make more junk loans, these are SAVVY banksters

The executives weren’t able to pay the tax payer but they paid themselves pretty well.

Ellis Gutshall          made  $494k

Kimberly Synder  made $250k

Andrew Agee         made $210k

This team paid themselves a $1MM, but don’t even pay interest on the tax payer money they stole.

Ellis, $494k must go pretty far in Roanoke! How about cutting you salary so you at least pay interest to tax payer.

Do you have money in this place?

Community South Bank Parsons Tennessee

June 8, 2011

Take a look at the new site

capital2risk.com

Community South Bank Parsons Tennessee was founded in 1968.  The Texas ratio is an astounding 137% but for some reason they are not on the problem bank list.  It will soon become clear that this thing has problems.

The company has assets of $657MM and $33MM in equity.

The problem loan situation is incredible.  They have $119MM in bad loans with, get this $87MM in non accruals.

This bank has $87MM in bad loans with $33MM in equity, this might be a problem, I guess the regulators don’t seem to think so.

Why isn’t this thing shut down?

Why aren’t they on the problem bank list?

They forgot to post the financial statements on the website.

Probably not a bad idea, don’t want to scare the community.

This place is going south and taking the community with it.

Metro Bank Lemoyne Pennsylvania

June 2, 2011

 

Check out the new site his head is fatter and balder

capital2risk.com

Gary Nalbadian makes $773k, which includes country club memberships and a car allowance

Not bad pay for getting this place on the problem bank list and wiping out the shareholders

This guy has 3 chins

Metro Bank Lemoyne Pennsylvania was founded in 1985.  The company is on the problem bank list.  The stock is delisted.

This fat cat bankster gets paid good money to wipe out the share holders

Have you ever seen a fatter, uglier bald head than this guy?

The bank has $2B in assets and $208MM in equity.

The problem loan portfolio is $73MM with $52MM on non accrual.

Having $73MM in problem loans with $208MM in equity is not a good situation.

This bank could be technically insolvent.

Net income was ($4MM) in FY10 and ($2MM) in FY09.

Fortunately, the executives were still able to pay themselves well despite the dismal performance.

Gary Nalbandian      made $773k

Mark Zody                  made $403k

Peter Musumeci      made  $390k

Mark Ritter              made    $349k

James Ridd             made    $224k

Those salaries include country club fees and company cars.

Maybe these guys should spend more time at the country club, because when they do work, all they do is make bad loans and wipe out the shareholders.

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

This team gets paid $2MM to lose $4MM, not bad.

Is this your bank?

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.

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.

Salisbury Bank Lakeville Connecticut

May 20, 2011

                                                                                               Check out John Perrotti in the pink jacket

It looks like he is giving a check away?

John took $9MM of your tax payer funded money which he won’t pay back

Why is smiling? He makes a $175k and took $9MM of your money

The pink coat is financed by the tax payer

He is sitting on 18MM in bad loans

Salisbury Bank Lakeville Connecticut was founded in 1874.  The company took $9MM in tax payer funds which it hasn’t repaid.  However, they did pay a dividend to the shareholders.

They have assets of $575MM and equity of $43MM.

The actual equity is $34MM, when you back out the bailout funds.

The bank has $18MM in problem loans, $15MM of which are on non accrual.

The non accruals could wipe out a significant portion of the equity position.

Net income was $3MM  in FY10 and $2MM in FY09.

Why weren’t these funds used to pay back the tax payer.

The executives did get paid.

Richard Cantele   made $191k

John Perrotti        made $175k

The tax payer made 0

Hey, Richard Cantele, where is the $9MM you stole from the tax payer?  Check your pocket.

Is this your bank? You might want to jump in the lake.

Richard Cantele is a criminal. How about locking Dick up, until he pays back the $9MM he stole. and won’t pay back.

Two River Community Bank Middletown New Jersey

May 20, 2011

 

This is William Mass he took $9MM of you tax payer money and makes $353k a year

Does this fat cat look like he is going hungary on you bailout money?

How many chins does William Mass have?

Two River Community Bank Middletown, New Jersey accepted $9MM in government bailout funds which hasn’t been paid back.  However, they were able to pay a dividend to the shareholders.

The bank has $636MM in assets and $80MM in equity.

The company had net income of $3MM in FY10.

Why haven’t they repaid the tax payer.

Well the tax payer didn’t get paid, but the executives sure did.

William Mass                   made $353k

Alan Turner                     made $238k

Richard Abrahamian   made $180k

Elmira Savings Bank Elmira New York

May 20, 2011

Elmira Savings Bank Elmira, New York, the company took $9MM in tax payer funded bailout money which they failed to repay.  However, they were able to pay dividends to their investors.

The company has  $453MM in assets with $27MM in equity.

The actual equity is $18MM, when the $9MM in tax payer money is properly treated as debt rather than equity.

The bank is probably under capitalized.

Net income was $2MM in FY10 and $1.6MM in FY09.

Why haven’t they used these funds to pay back the tax payer?

At least, the executives weren’t afraid to pay themselves.

Michael Hosey   made $474k

Thomas Carr       made $265k

Kevin Berley       made $166k

Don’t worry, the compensation includes country club memberships and car allowances.

So, when is this tax payer money getting paid back, probably not during the golf season.

Michael Hoseme takes 25% of the company’s net income and tax payer money.

Do have money in this place?

I am thinking $472k is probably pretty good pay for  Elmira.  Wow, that is good pay for Manhattan!

Don’t worry the tax payer is funding their country club memberships

Carrollton Bank Baltimore Maryland

May 20, 2011

This is Bob Altieri he took $9MM in bailout money, which he won’t repay

Bob makes $292k a year

Bob lost this bank $1MM in each of the last 2 years, how long will it take him to pay back $9MM

Carrollton Bank Baltimore Maryland was founded in 1904.  The bank took $9MM in bailout money which it hasn’t repaid.

They have assets of $283MM with $33MM in equity.

The equity position is actually $24MM when the tax payer funding is backed out.

The bank has $13MM in problem loans, $11MM of which are on non accrual.

The non accrual could severely erode the equity position.

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

At the rate, how can they pay back the $9MM.

Don’t worry, the executives are doing fine.

Robert Altieri       made  $283k

Mark Semanie       made $180k

Jeff Jewell               made $248k

This management team pays themselves almost a million dollars and the lose a million dollars for the company?

That is creating shareholder value.

Is this your bank?

Provident Community Bank Rock Hill South Carolina

May 20, 2011

This guy took $9MM in tax payer funded money, which he won’t pay back

Then again, he hasn’t even paid interest on it 5/2010

Lud makes $160k a year, while he is on the problem bank list for negligent commercial real estate lending

This guy runs one of the worst banks in South Carolina

Why is he smiling, he gets paid good money to destroy a 77 year old bank

 

Provident Community Bank Rock Hill South Carolina was founded in 1934.  They have taken $9MM in government bailout money which they have not repaid.   Also, they stopped paying interest on these funds in May 2010.  The company is on the problem bank list for negligent commercial real estate lending.  The Texas ratio is 99%, making one of the worst in South Carolina.

The assets are $408MM and the stated equity is $10MM

As, the bailout funds are actually debt not equity, the true equity position is $1MM.

This bank is being propped up by the tax payer.

This management team was able to wipe out 133% of the equity in 3 years.

The problem loans in relation to the equity position is incredible.  It has $32MM in problem loans, $29MM of which are on non accrual.

The bank has $1MM in equity, with $32MM in problem loans.

This bank is between a rock and a hard  place.

Why isn’t this place shut down, they are insolvent.

Net income was ($14MM) in FY10 and ($7M) in FY09.

How are they going to pay back $9MM?

With $29MM on non accrual, they aren’t.

The executives continue to do well despite causing these problems

Dwight Neese         made $258k

Richard Flake          made $160k

Lud Vaugh               made $160k

That’s good pay for taking down a 77 year old bank.

Maybe Dwight Neese should use that $258K to pay back the tax payer money he took.

Dwight  where is our $9MM, check your pocket.

Is this your bank? Take out your money, until Dwight Neese pays back the tax payer back the $9MM he stole.

Bay Cities Bank Tampa Florida

May 19, 2011

 

Where is the $10MM you took?

Bay Cities Bank Tampa Florida was founded in 1999.  The company took $10MM in bailout funds which still hasn’t been paid back.For some reason the are not on the problem bank list.

They have $622MM in assets with $56MM in equity.

The equity position is actually $46MM when the $10MM is bailout funds is backed out.

The problem loan situation in relation to the equity position is incredible.  The bank has $45MM in problem loans of which $32MM is non accrual.

The company has $45MM in bad loans with $45MM in equity.

This place is bankrupt

Why aren’t they shut down?

Why aren’t they at least on the problem bank list? I guess it is very competitive to become listed on the problem bank list in Florida.

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;
4
(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.

Southern Bank Popular Bluff Missouri

May 19, 2011

Gregg Steffins took $10MM of tax payer money that he won’t pay back

It’s O.K. he makes $251K for destroying the bank

Is Greg morally bankrupt?

Southern Bank Popular Bluff Missouri took $10MM in bailout funds which they have yet to repay.

The company has assets of $522MM and equity of $44MM.

The bank had net income of $4MM in FY10, $3MM in FY09 and $3MM  in FY08.

How come they, they haven’t paid back the tax payer funding?

At least Greg Steffins was paid $251k.

Bloomfield State Bank Bloomfield Indiana

May 19, 2011

Is this guy/girl watching your money

Where is the $10MM you took from the tax payer?

Bloomfield State Bank Bloomfield Indiana was founded in 1873.  The company took $10MM in tax payer bailout money which they haven’t paid back.

The bank has assets of $427MM with equity of $38MM.

The actual equity is $28MM, when the tax payer loan is backed out.

They have $10MM in bad loans.

The non accrual could severely erode the equity base.

Net income was ($3.7MM) in FY10 and ($1.2MM) in FY09.

Now how are they going to pay the $10MM back?

They don’t appear to like posting their financial condition on the website.

Do you have money in this bank?

Penn-Liberty Bank Wayne Pennsylvania

May 19, 2011

 

Penn-Liberty where the f$5? is the $10MM you took from the tax payer

Give me liberty? How about giving back the $10MM to the tax payer

Penn-Liberty Bank Wayne Pennsylvania was founded in 2004.  The company took $10MM government bailout funds which it hasn’t repaid.

The company has $470MM in assets with $41MM in equity.

Net income was ($4MM) in FY10 and ($2MM) in FY09.

How are they going to pay back $10MM based on this financial performance?.

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

Home Town Bank Roanoke VA

May 19, 2011

Take a look at the site

capital2risk.com

http://www.capital2risk.com/home-town-bank-roanoke-v/

This is Susan Still, she took $10MM of your tax payer money, which she won’t pay back

She gets paid $208k to bankrupt this place

Home Town Bank Roanoke Virginia was founded in 2005.  The company took $10MM in tax payer bailout money which it won’t pay back.

The bank had $353MM in assets with $27MM in equity.

The actual equity is $17MM, when the tax payer funded preferred stock.

The company has $7MM in problem loans.

The non accrual could potentially wipe out another 35% of the equity.

Net income was ($3.6MM) in FY10 and $539k in FY09.

At this rate how are they going to pay the tax payer back $10MM? It doesn’t look good.

Susan Still   makes $208k

William Moses makes $125k

They pay Susan Still good money to destroy this company.

It didn’t take this place long to steal tax payer money and go bankrupt.

When is the last time the government gave you $10MM, that you didn’t have to pay back?

Uwharrie Capital Corporation Albemele North Carolina

May 19, 2011

 

This is Roger Dick? He took $10MM of your tax payer money, which he won’t pay back

Roger got paid $402k last year

The company only made $68k last year

Based on this financial performance how long will it take this Dick to pay you back $10MM?

 

Uwharrie Capital Corporation Albemele North Carolina took $10MM in tax payer funded bailout money which they have neglected to pay back.  However, they were able to pay dividends to their shareholders.

The company has $535MM in assets with $42M in equity.

Net income was $68k in FY10 and $42K in FY09.

Based on these earnings, how long will it take them to pay the tax payer back $10MM, try 200 years?

The executives get paid well for generating no net income.

Roger Dick                       made   $402k

Brendan Duffy                made $351k

Robert Bratten               made $125k

Christy Stoner                 made $247k

Bill Lawton                       made $161k

Roger Dick and Brendan Duffy combined make 11 times what the company makes?

This management team gets paid well to generate no income for the shareholders!

Roger Dick?

They should hire Anthony Weiner

Christy Stoner? Christy might be a stoner but gets paid well to steal tax payer money

Is this your bank?

This place is a disaster, they steal tax payer money and run this place into the ground.

Roger may be a dick but he pays himself $409k a year and won’t pay back your tax payer money, he might be a weiner

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.

Northway Bank Berlin New Hampshire

May 19, 2011

Northway Bank Berlin New Hampshire was founded in 19934.  The company took $10MM in bailout funds which it hasn’t repaid.

They have $826MM in assets with $69MM in equity.

The company has $29MM in problem loans.

Net income was $5MM in FY10 and $2MM in FY09.

Why haven’t they used these funds to repay the tax payer?

Lake Sunapee Bank Newport New Hampshire

May 19, 2011

How about this guy for CEO

He can’t be any worse then Stephen Ensign

Lake Sunapee Bank Newport New Hampshire accepted $10MM in tax payer funded bailout money, which it has not paid back.

The company has $995MM in assets with $92MM in equity.

Net income was $7MM in FY10, $6MM in FY09 and $5MM in FY08.

With this profit generation, why haven’t they paid back the tax payer funds yet?

The executives haven’t been impacted.

Stephen Ensign     made  $537k

Stephen Thoroux made  $405k

Tax  payer                               0

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.

First Bankers Trust Quincy Illinois

May 19, 2011

Brian Ippensen

The tax payer wants their $10MM back

First Banker Trust Quincy Illinois was founded in 1946.  The company took $10MM in tax payer funded bailout money which it has decided to not repay. The stock it delisted.

The bank has $682MM in assets and $43MM in equity.

Net income was $6MM in FY10 and $5MM in FY09.

Why didn’t they use these funds to repay the tax payer?

Colorado East Bank Lamar Colorado

May 19, 2011

Colorado East Bank Lamar Colorado was founded in 1905.  The company took $10MM in tax payer funded bailout money, which it has neglected to pay back.

The company has $858MM in assets with $90MM in equity.

The actual equity is $80MM, as the $10MM in bailout money is really debt.

The problem loan situation is incredible with $55MM in bad debt.

They have $55MM in bad debt, with $80MM in supposed equity, that is scary.

Why aren’t they on the problem bank list?

The non accrual alone of $43MM could wipe out the equity base.

The company website provides non financial information or management information.

That is probably good because this whole thing is a disaster.

How are they going to pay back the tax payer $10MM?

United Bank Atmore Alabama

May 18, 2011

This is Bob Jones the CEO

Bob stole $10,000,000 in tax payer funding which he won’t repay

This dope is sitting on $24,000,000 in junk loans with only $47,000,000 in equity

Bob you got problems

Here is Bob he doesn’t seem worried about paying the tax payer back the $10,000,000 he stole

It doesn’t look like Bob is missing a meal on the tax payer dime

The Texas ratio is 75%

This is one of the the worst banks in the state

Do you have money with Bob Jones? You are Jonesing?

Bob has an impressive selection of vacant land for sale

United Bank Atmore Alabama was founded in 1904.  The company took $10MM in tax payer funded bailout money which it hasn’t repaid.

They have $466MM in assets and $45MM in stated equity.

The actual equity is $35MM when the tax payer funded bailout money is tre