Worst Florida Banks

Bob · 02-11-2009, 02:37 PM

http://www.thestreet.com/tsc/common/...ity_banks.html

Bob · 02-11-2009, 02:40 PM

http://www.thestreet.com/tsc/common/...rge_banks.html

Bob · 02-11-2009, 02:41 PM

http://www.thestreet.com/tsc/common/...cap_banks.html

AAbsolute · 02-11-2009, 09:49 PM

Quote:

Originally Posted by Bob

http://www.thestreet.com/tsc/common/...cap_banks.html

Can you help me understand more fully the term: below-well-capitalized?

Bob · 02-11-2009, 09:51 PM

hey, i'm just copying and pasting. below-well-capitalized? that would be me!

AAbsolute · 02-11-2009, 10:10 PM

Quote:

Originally Posted by Bob

hey, i'm just copying and pasting. below-well-capitalized? that would be me!

I like you. What could be better than an instant, "hey, i'm just copying and pasting"?

It would sure be great if everyone was quick and candid. Good Thread anyway.

Santiago · 02-11-2009, 10:22 PM

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 · 02-12-2009, 08:04 AM

Quote:

Originally Posted by Santiago

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.

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.

SWGB · 02-12-2009, 03:45 PM

I love that one of the banks is called Integrity.

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 · 02-12-2009, 06:39 PM

Quote:

Originally Posted by sowalgayboi

I love that one of the banks is called Integrity.

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.

SWGB · 02-13-2009, 12:37 PM

Quote:

Originally Posted by Santiago

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.

Okay, that's what I thought. They are a "boom bank" like a few others.