InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,071.63
(
0.00%
)
US TECH 100
16,786.80
(
-1.60%
)
Dow Jones
38,460.92
(
0.00%
)
Brent Oil
86.83
(
-0.45%
)
Bitcoin
63,101.14
(
-1.84%
)
Post# of 1305
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

liketotravel

Send PM Follow Ignore
Followers 11
Posts 3279
Boards Moderated 0
Alias Born 02/16/2004

liketotravel

Re: julian83 post# 1276

Tuesday, 05/18/2010 11:55:55 AM

Tuesday, May 18, 2010 11:55:55 AM

Post# of 1305
Best to stay away. IMO, they could be closed by the FDIC at any time now.

http://albuquerque.bizjournals.com/albuquerque/stories/2010/05/17/daily7.html?ana=yfcpc

The revision also means that First Community's ratio of total capital to risk-weighted assets has dropped to 7.53 percent, which puts the bank into the “undercapitalized” category for federal regulatory purposes.

First State (NASDAQ: FSNM) has been under a written regulatory agreement with the Federal Reserve Bank since the summer of 2009.
First State said in April that the erosion of its capital and the deterioration of its loan portfolio made it unlikely that the bank would be able to maintain its “adequately capitalized” status with the FDIC without raising more capital, selling assets, merging with another firm, obtaining government assistance or some combination of those things.

“There are three kinds of men. The ones that learn by readin’. The few who learn by observation. The rest of them have to pee on the electric fence for themselves.” –Will Rogers

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up