[DOWNLOAD] ~ Taking Aim at Troubled Banks: The Texas Ratio, A Measure of Risky Business, Draws a Bead on Some in This State. But It's Not Always a Straight-Shooter (Feature) ~ by Frank Maley ~ eBook PDF Kindle ePub Free
eBook details
- Title: Taking Aim at Troubled Banks: The Texas Ratio, A Measure of Risky Business, Draws a Bead on Some in This State. But It's Not Always a Straight-Shooter (Feature)
- Author : Frank Maley
- Release Date : January 01, 2010
- Genre: Business & Personal Finance,Books,Economics,
- Pages : * pages
- Size : 65 KB
Description
When a company nicknames itself the YES! Bank, people could infer it's a soft touch for loans. But Asheboro-based CommunityONE Bank never has been a pushover, says Larry Campbell, interim CEO of its parent FNB United Corp. "I had a lot of people telling me, 'But you said you were the YES! Bank,' when we turned them down." Though the YES! Bank can say no, it clearly hasn't done it enough. Many of the loans it made the past few years have soured. Largely because of that, FNB United, the state's seventh-largest financial institution, is one of the sickest. It lost more money last year--$87.6 million--than any of the other 100 largest financial institutions with headquarters in the state, and its ratio of nonperforming loans to total loans was the second-highest. Its Texas ratio, seen by some as predictor of bank failure, is more than twice the level considered cause for concern. Even $51.5 million from the federal Troubled Asset Relief Program hasn't been enough to correct the problems.
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