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After $60 Million Loss, ANB Bancshares Enters Regulatory Agreement With the Fed

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Greg davenport

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Member
Joined
Mar 30, 2004
Professional Status
Certified Residential Appraiser
State
Arkansas
Have you seen this start in you market areas yet?

After losing about $60 million in 2007, ANB Bancshares Inc. of Rogers, the holding company of ANB Financial NA, entered into a regulatory agreement with the Federal Reserve Bank of St. Louis on Jan. 29, documents show.
The agreement comes after ANB reported on Dec. 31 a 545 percent increase in the value of its nonperforming and past due loans from Sept. 30.
http://www.arkansasbusiness.com/article.aspx?aID=103204.54928.115327&view=all&link=perm
 

Greg Bell

Senior Member
Joined
Jul 7, 2006
Professional Status
Gvmt Agency, FNMA, HUD, VA etc.
State
Louisiana
Stock market shot up with a 3 Billion dollar bailout for some bond rating agencies.The Enron mentality is rampant.If municipal bonds are downgraded your 401K will look a 201 or a 101K.........
 

Randolph Kinney

Elite Member
Joined
Apr 7, 2005
Professional Status
Retired Appraiser
State
North Carolina
It is the big banks that will be propped up. The little banks will be allowed to fail or even merged into bigger banks.
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
ANB loaned money somewhere like Jackson Hole, WY....a lot of money. Made absolutely no sense and there is a question as to the rationale behind the decision.

There are tons more that will be asked similar questions eventually.

The regulators have "spanked" several Arkansas banks in the past 18 mo. or so over questionable practices.
 

msdmckee

Freshman Member
Joined
Nov 4, 2007
Professional Status
General Public
State
Wyoming
VP Cheney "lives" in Jackson Hole.
 

msdmckee

Freshman Member
Joined
Nov 4, 2007
Professional Status
General Public
State
Wyoming
ANB opened a "branch" of the holding company in Jackson Hole, July 2005. I'm intrigued. Trying to look at the FDIC site and puzzle it through. A bunch of money in Jackson Hole might get you a trailor house, a WHOLE bunch might buy you a nicer place to retire to.........
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
Last year when the FDIC red flagged this, Dan Dykema was pooh-poohing the seriousness of the situation....I doubt he is now.
 
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