-
Trouble logging in? Send us a message with your username and/or email address for help.
-
Hello all! We will be performing a website & forum update soon. You may get logged out so now is the time to make sure your email address in your account is correct - go to your account to check it and update it now. Send us a message with your username and/or email address if you need help.
Worst Florida Banks
- Thread starter Bob
- Start date
Banks are hurting. Bank of Bonifay has already been bought out, courtesy of you guys and the Tarp funds. I think Protective Life is buying them and it closes this month. Vision Bank actually has a pretty strong parent company in Ohio, I think, and is probably in better shape than the chart would suggest.
AAbsolute
Banned
You know alot about banking and/or loans. Can you help me with what the chart means by below-well-capitalized? It sounds like it means kinda limbotic.
Matt J
SWGB
I love that one of the banks is called Integrity. :funn:
Santiago, my understand was that Vision bank was propped up with condo mortgages and was a "developers" bank. Seems a lot of banks appeared on the scene during the boom. If those boom mortgages go bust won't the banks that seem to be there solely to store them?
Santiago, my understand was that Vision bank was propped up with condo mortgages and was a "developers" bank. Seems a lot of banks appeared on the scene during the boom. If those boom mortgages go bust won't the banks that seem to be there solely to store them?
I think that Vision would already be bust had it not been bought out. My knowledge of their company actually came from a competitor of Vision who said that their parent bank, Park out of Ohio is well capitalized and strong. I think moreso than condo mortgages they were heavy into lots, construction and development.