first federal

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banker

Greensburg, KY

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#1
Mar 10, 2011
 

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is first federal gonna tank or what?
huh

Louisville, KY

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#2
Mar 10, 2011
 
Maybe
whatsittoya

Nashville, TN

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#3
Mar 10, 2011
 

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Prob not

“Oh for f*ck sakes”

Since: Dec 10

United States

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#4
Mar 10, 2011
 

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What makes you say that?
banker

Clarkson, KY

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#5
Mar 10, 2011
 
i think they are read the 17 page report from the fdic...............
huh

Louisville, KY

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#6
Mar 10, 2011
 
Are they kaput?Don't they have the huge bank on Ring Road.
MeInEtown

Elizabethtown, KY

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#7
Mar 10, 2011
 
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

Louisville, KY

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#8
Mar 10, 2011
 
news enerprise had a story.google it.
banker

Clarkson, KY

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#9
Mar 10, 2011
 
go to google and type in FFKY all capital letters i think it was realeased on feb 25th

“Oh for f*ck sakes”

Since: Dec 10

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#10
Mar 11, 2011
 
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

Clarkson, KY

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#11
Mar 11, 2011
 
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.

“Oh for f*ck sakes”

Since: Dec 10

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#12
Mar 11, 2011
 
No, I just read the article off the News Enterprise's website. I'll go google that and read it .
banker

Elizabethtown, KY

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#13
Mar 11, 2011
 
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

Nashville, TN

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#14
Mar 11, 2011
 
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

Fort Worth, TX

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#15
Mar 11, 2011
 
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

United States

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#16
Mar 11, 2011
 
Anyone know Blake thy works at pear orchard branch?
is it like the other bank

Vine Grove, KY

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#17
Mar 11, 2011
 
Is this bank like the other one (PNC)that the man absconded with old people's money?
mootard

Elizabethtown, KY

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#18
Mar 14, 2011
 
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

Nashville, TN

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#19
Mar 14, 2011
 
Krista S wrote:
What makes you say that?
WOW! hello krista
banker

Albany, KY

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#20
Mar 14, 2011
 
check the share value today it just keeps get in lower and lower.

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