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Loan Modification

: Loan Modification & Home Loan News

Discovery of Bogus Bonds Triggers Alarm at State Bank

By Moe Bedard

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(Source: Arkansas Business) – THE LAST SIX MONTHS PRODUCED dramatic events at First Southern Bank of Batesville. During the third quarter, the five-year-old lender boosted its capital with a $5.5 million stock offering and recorded a noticeable jump in local bond investments. During the fourth quarter, the bank discovered that its $22 million portfolio of [...]

Full post as published by Loan Modification & Home Loan News on January 17, 2011 (boomark / email).

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