Kingfish Holding Corp (KSSH)

[cdhames]

Why Coast Bank went under:

His partner in the deal, Coast Bank of Bradenton, financed at least 482 of the CCI loans and is on the hook for upwards of $77-million customers may never repay. Stockholder wrath sent bank shares spiraling to record lows. Last month, the bank hired an advisory firm in the hopes of salvaging its future.

"Coast Bank has become the poster child for many banks having problems in Florida," said Miami banking expert Ken Thomas. "This is a national story. Everyone around the world is talking about the housing crisis in America. There hasn't been a bank failure since June of '04. The question is: Is this going to be the first casualty?"

How did a modest home renovation firm capsize a fast-rising bank?

http://www.sptimes.com/2007/02/04/Business/Who_s_to_blame_Coast_.shtml