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I'm surprised that this little bank is still around. Their assets have fallen to just over 20 million. I assume their doors will be slammed shut any day now.
My assumption is that NSBK might be the next bank on the FDIC chopping block. This little financial institution just lost over 400K for the fourth quarter.
I was hoping NSBK's quarterly would pack a punch. Instead, it appears the bank was punched in the gut. Unless there is a drastic turnaround next quarter, I think Northern Star's days are numbered.
I just called the bank and the lady I spoke with said that she didn't think the bank owed TARP money. She transferred me to a bank honcho but he wasn't there. I left a message. I assume he'll get back in touch with me as soon as he can, hopefully today.
Bank tracker doesn't report them as owing TARP. I'll probably call the bank at some point this week and see what they have to say. I think there might be some potential here.