Local Bank misses TARP payment
Money in the Mattress

Polo, MO

#43 Feb 3, 2010
It's interesting that in the last 10 years or so, two banks with roots in Chillicothe decided to push into the Kansas City market. And now, those same two banks (Bank Midwest and Citizens Bank and Trust) are in financial trouble, while the banks that stayed local are doing well and enjoy high bank industry ratings.
Know where you came from, know your limitations.

Since: Nov 09

Location hidden

#44 Feb 3, 2010
The money made here isn't enough, gotta have that big city money!

Since: Oct 09

Location hidden

#45 Feb 3, 2010
Bank MIdwest wrote:
Does anybody remember Gary Dickinson loaning farmers money they could not pay back and then taking their farms, and the CRP payments he took.
Well, I think turn about is fair play!
I remember

Since: Oct 09

Location hidden

#46 Feb 3, 2010
If anyone hears anything through the grape vine about CBT please post. I'll bail
Buster Hyman

Kansas City, MO

#47 Feb 5, 2010
Charles wrote:
The St Joseph News-Press article seems to be a little uninformative and slanted. I would think the fact Dickenenson Financial has stopped making dividend payments to the government is the biggest news out of the information, and was well covered a week ago by the Kansas City Star.
Citizens has not yet repaid in full, but they have been making the dividend payments on time.
The sentence "And some banks, such as UMB, Commerce and Nodaway Valley Bank, never took TARP money in the first place." is an obvious statement that the author was against the TARP money bailout.(Perhaps he prefers banks closing) Regardless, the phrase "in the first place" is slanted and should be left for the op/ed page.
"did not return a phone call" is also a cop-out. Dig for the information, make more than one call, try different departments. Make an effort before writing the story.
The article is just another case of the St Joseph News Press doing a half-effort and showing biased and jealousy against Chillicothe (since Dickenson Financial and Citizens both started out here).
At least they show some passion in their paper, not like our weak paper with out of focus pics and poor choices of stories.
money changer

Kansas City, MO

#48 Feb 6, 2010
Check out this web site:
campaign money.com and see all the money Ann Dickinson gives to the Republicans and then don't pay her TARP payments as shown on Reuters, St. Joe New Press and KC Star.

Maybe the FDIC ought to just close the Bank Midwest.

That's what she did to the farmers she loaned money to that could not pay and they weren't giving their money away.
vra

Chillicothe, MO

#49 Feb 6, 2010
I am so glad I am reading these postings. I really am sick of CBT's big city attitude and was going to pull out all of my accounts and go to Bank Midwest. Well I am glad I read this because I am completely rethinking that one!!! Thanks for the info everyone.
Money in my Mattress

United States

#50 Feb 6, 2010
vra wrote:
I am so glad I am reading these postings. I really am sick of CBT's big city attitude and was going to pull out all of my accounts and go to Bank Midwest. Well I am glad I read this because I am completely rethinking that one!!! Thanks for the info everyone.
vra, the other three banks in Chillicothe are pretty sound. State Bank has a five star rating and BTC and Investors both have four star ratings (out of five). CBT has three and Bank Midwest has two
nickel and dime

Kansas City, MO

#51 Feb 6, 2010
Gabria wrote:
Those that like to keep up on the financial news might like to read this.
Wonder if this is a sign of trouble for Dickinson Financial Corp.
http://www.istockanalyst.com/article/viewiSto...
Gabria, that is good work on your part. Ann Dickinson is living in the richest area of Kansas City, Missouri--Mission Hills, down by the Country Club shopping district where all the old money lives. People like Ewing Kauffman's daughter of Royals Baseball fame. If she can live there and give the GOP $11,000 in Jan, 2010 she ought to be able to give us tax payers the TARP money. You can bet that if you miss a payment to her, she will take your stuff.

Since: Nov 09

Location hidden

#52 Feb 7, 2010
[QUOTE who="nickel and dimeAnn Dickinson is living in the richest area of Kansas City, Missouri--Mission Hills, down by the Country Club shopping district where all the old money lives..[/QUOTE]

Jealously is an ugly thing.
tell

Columbia, MO

#53 Feb 8, 2010
Johnn quite plastering your stupid comments.

Since: Nov 09

Location hidden

#54 Feb 8, 2010
Or what?
some new news

Chicago, IL

#55 Feb 9, 2010
I work for bank mw. All the senior vp's from dickinson financial had a meeting last week. We got an email stating that the meeting was very productive and everybody has a positive outlook for bank mw and dickinson. The ceo says the company is headed in the right direction in 2010. Don't know much more than that. Figured it may be helpful to some of you

Since: Nov 09

Location hidden

#56 Feb 9, 2010
Of course they are going to tell their employees that! DUH!
some new news

Chicago, IL

#57 Feb 10, 2010
They had also mentioned all the troubles they had in 09 and admitted there were strong headwinds with commercial lending in 2010. The email had both negatives and positives. It was an honest email to the employees but overall a positive outlook for the bank. I guess I should have mentioned that in my previous post to avoid smart ass comments.
Lobo

United States

#58 Feb 10, 2010
I am betting on Midwest making it. And what is wrong with donating to the Republican party? We have to stop this stupidity in Washington in 2010 or FDIC isn't big enough to handle the potential failures.
whowhatwhere

Kansas City, MO

#59 Feb 11, 2010
Any news as to why the Citizens Bank offered the 2 + 2 Account and now says they can move you to a Plus 1 account? What is up with a new account for 40 days only to close all of them?
Not a banker

Portland, TX

#60 Feb 11, 2010
Gosh, i'm glad i got my 2+2 account over a year ago before everyone else jumped on the bandwagon. Just got a letter saying i could move my money into a special cd that pays even more. i'm jumpin on that tomrrow.
banks

Kansas City, MO

#61 Feb 11, 2010
Bank MidWest has a heavy load in commerical lending and it is about to go south on them.
Did they tell you that?
some new news

Chicago, IL

#62 Feb 11, 2010
Yeah pretty much. They mentioned "strong headwinds" in 2010 commercial lending. Just have to wait and see what happens I guess. Where did you get your info at?

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