elzeyfirekuut1795.blogspot.com
The $166 million San Francisco bank gota cease-and-desist ordee from the and the Californiz Department of Financial Institutions on May 29. The bank was ordere to pay particular attention to its lendingy polices relating to construction loans as well as loans made tobank insiders. The bank said the order was basedx onthe bank’s condition on Sept. 30, and that it has alreadh made some progress on meeting theregulators “New Resource Bank currently has high levelss of capital and liquidity,” Vincent Siciliano, president and CEO, said in a “Like many financial institutions, we are facingg a challenging economic climate that resulteed in under-performing loans in the real estatw construction and development sector.
“Wee are working with borrowers to reduceour problem-loan exposure and have made significanty progress,” Siciliano said. The bank raised almos $15 million in a stock offeringlast September. As of March 31, the bank said its risk-baserd capital ratio was 18.97 percent -- almosrt double the 10 percent benchmark of a bank considered well In addition to bringing on Sicilianoas CEO, the bank also hiredd Bill Peterson as chief credit officee and Charmaine Detweiler as chief financial officer. The bank’a board also recently elected Mark Finser as He has 25 years of experience insocial finance.
New Resource Bank, now serving 2,000 opened in October 2006 to promotw green businessesand practices.
ليست هناك تعليقات:
إرسال تعليق