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Old 08-20-2009, 11:53 AM
Terrel L. Shields's Avatar
Terrel L. Shields Terrel L. Shields is offline
 
Join Date: May 2002
Location: Springtown, AmeRica
State: Arkansas
Professional Status: Certified General Appraiser
Posts: 40,704
Default Going.Going.

Metro Bank's holding company got its notice from the Feds...Shape up or else. Reminds me of the letters that ANB got...and I suspect with the same eventual result. I don't expect this bank to survive to the end of the year.

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The directive gives them 60 days....
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Old 08-20-2009, 12:33 PM
EDWARD BERRY EDWARD BERRY is offline
 
Join Date: Jan 2002
Location: NW ARKANSAS
State: Arkansas
Professional Status: Certified General Appraiser
Posts: 1,987
Default

A Fellow In The Know(former Uofark Teacher) Said Metro. Opened Up Their Commercial Div. Up Here With Loan Officers That Had Never, Never Had Made A Commercial Loan.

But They Got Volume.

I Would Like To See Some Of The Old Appraisals And Put In The Correct Vac Rate (published By Two Reliable Sources) At That Time.

And Also, The Estimated Interest Rate For The Next Year.

Me Thinks About 25% Less Value--

But I Only Been Here Since 1949.
Crazy Ed
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