How Healthy is Your Bank? Will it be the Next Bank to Fail?
By Lina Robertson, REALTOR® Serving Springfield, Nixa and Ozark, MO
(AMAX Real Estate)
Have you ever wondered how healthy your bank is? Here in Springfield, MO, we have not yet experienced the massive bank failures that other parts of the country have experienced, but that does not mean we are immune. Having specialized in new construction homes and land development, many of my clients have been victims of the banks frantically attempting to increase their capital, while decreasing their troubled assets, with the results usually being the builder/developer has his loan called, and the bank ends up with troubled assets anyway. As of the end of October, there have been 123 bank failures in 2009. The number is rapidly increasing. Here is a link to view the banks which have failed this year: FDIC failed bank list. Many of the troubled banks in the Springfield, MO, area we...
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