first federal

[banker]

is first federal gonna tank or what?

[huh]

Maybe

[whatsittoya]

Prob not

[Krista S]

What makes you say that?

[banker]

i think they are read the 17 page report from the fdic...............

[huh]

Are they kaput?Don't they have the huge bank on Ring Road.

[MeInEtown]

banker wrote:

i think they are read the 17 page report from the fdic..........

I think they're in big touble and wouldn't be surprised if they should indeed "tank" - is the report available online and how can I access it??

[huh]

news enerprise had a story.google it.

[banker]

go to google and type in FFKY all capital letters i think it was realeased on feb 25th

[Krista S]

Well... From what I read a consent form is the mildest form of action the FDIC can take, so hopefully FFSBKY isn't in that big of trouble. I've banked there for years and so does pretty much everyone I know. I don't know a lot regarding business matters, but they said this was a fairly common practice in times of recession... Or was that just their way of sugar-coating things?

[banker]

did you go to google and actualy read the consent order you have to type in FFKY actualy first federal is first finicial service corp.

[Krista S]

No, I just read the article off the News Enterprise's website. I'll go google that and read it .

[banker]

huh wrote:

news enerprise had a story.google it.

The bank is operating under a consent order, nothing major alot of other banks such as First Citizens is also under the order! ITs just to reorganize and to build capitol for the bank. Google the consent order it explains all of it.

[yep]

banker wrote:

<quoted text> The bank is operating under a consent order, nothing major alot of other banks such as First Citizens is also under the order! ITs just to reorganize and to build capitol for the bank. Google the consent order it explains all of it.

No, they gave out several LARGE bad loans that have tanked, and the FDIC has said that the loans should never have been given. The biggest is for a property in Louisville to a developer for millions, now the property is worth a fraction of what was loaned and First Federal is having to eat the loan. The FDIC actually has a person in the bank that approves or dissapproves of everything that is being done in the bank. The are in trouble, but they will most likely survive, or get bought by a bigger bank is what a lot of people are starting to think.
They are calling a lot of good loans due because of this, and since banks all over the place are not lending money their stock holders are getting nervous.

[what about]

Who was the loan officer on this major loan?
Boy,it doesnt take long for the "best bank" to be in trouble.Just 2 yrs ago they bragged that they didnt accept bail monies...I see why now!!

[darnit]

Anyone know Blake thy works at pear orchard branch?

[is it like the other bank]

Is this bank like the other one (PNC)that the man absconded with old people's money?

[mootard]

is it like the other bank wrote:

Is this bank like the other one (PNC)that the man absconded with old people's money?

NO MOOTARD, its not!! Not too many people would go that low!!

[tell me more]

Krista S wrote:

What makes you say that?

WOW! hello krista

[banker]

check the share value today it just keeps get in lower and lower.