inofiquxi.wordpress.com
The $166 million San Francisco bank gota cease-and-desistf order from the and the Californiaa Department of Financial Institutionz on May 29. The bank was ordered to pay particulare attention to its lending polices relating to constructio n loans as well as loans made to bank The bank said the ordet was based onthe bank’s condition on 30, and that it has already made some progress on meetiny the regulators demands.
“New Resource Bank currentl has high levels of capitaland liquidity,” Vincent president and CEO, said in a “Like many financial we are facing a challenging economic climate that resulted in under-performin g loans in the real estatd construction and development sector. “We are working with borrowersz to reduceour problem-loan exposure and have made significanyt progress,” Siciliano said. The bank raisef almost $15 million in a stockk offeringlast September. As of March 31, the bank said its risk-basec capital ratio was 18.
97 percent -- almostg double the 10 percent benchmark of a bank considered well In addition to bringing on Sicilianoas CEO, the bank also hired Bill Peterson as chief credit officert and Charmaine Detweiler as chief financial officer. The bank’sw board also recently elected Mark Finserras chairman. He has 25 years of experiencs insocial finance. New Resource Bank, now serving 2,000 clients, opened in October 2006 to promote green businessesand practices.
ليست هناك تعليقات:
إرسال تعليق