Replies to post #214420 on The Golden Lounge

[Theo]

FSNM Looks like "limbo" for another Q

During the third quarter, we submitted and received approval of our Brokered Deposit Plan. The approval of this plan provided the ability to bring the deposits of customers participating in the one-way sell CDARS program back into the Bank. It also allowed us to provide this product to customers that were participating in CDARS as of June 30, 2009, as long as we remained “well capitalized.” The approval of the Brokered Deposit Plan was nullified with the drop of the Bank’s capital status to “adequately capitalized” at the end of September 30, 2009.