FDIC warns Highland Bank, Bank of Elk...

FDIC warns Highland Bank, Bank of Elk River and Cambridge Bank

There are 7 comments on the TwinCities.com story from May 28, 2010, titled FDIC warns Highland Bank, Bank of Elk River and Cambridge Bank. In it, TwinCities.com reports that:

Highland Bank, the Bank of Elk River and Cambridge State Bank have received warnings about risky practices, the Federal Deposit Insurance Corp.

Join the discussion below, or Read more at TwinCities.com.

woodjbg

Saint Paul, MN

#1 May 29, 2010
Tell them socialist in Wash to stay out of our business. And tell Little Hitler 'if he don't like it here I will gladly help him and his cronies pack'
GreatDay

Faison, NC

#2 May 29, 2010
hope and change
bankalchemist

United States

#4 May 29, 2010
this is standard operating procedure today in that without a formal order banks, bankers and boards of directors just would do nothing. hoping things would get better over time. BANKALCHEMIST.
Mike

Alexandria, MN

#5 May 29, 2010
If they hadn't loaned money to people who were over extended, this wouldn't have happened. Many didn't have a cent in savings, and were buying $200,000 homes that took up all they money they made every month. All it took was some bad times and these people were in the tank in droves, the way they handed out money to people who weren't qualified to borrow money like this. You notice most of the banks are from the Twin Cities where everyone was living big.
Chuck

Saint Paul, MN

#6 May 30, 2010
Well the economy is NOT getting better so I guess the bank up in Elk River is really screwed thinking that will save his bank. Time for their directors to bring in a CEO who can proactively deal with their problems.
little banks no bailout

Minneapolis, MN

#7 May 30, 2010
Notice the little banks get no bailout, they get closed and absorbed by other banks.
So we live in an oligarchy, where the rich rule.
Saint Paul RiverRat

Atlanta, GA

#8 May 30, 2010
Highland Bank is chartered in St. Michael????? Highland Park State Bank was started about 1951 after the Village burned and was located next to Lee's Kitchen where the Aspen Clinic now sits. The bank changed the name from Highland Park State Bank to Highland Bank when they moved to the site of the former Powers Department Store, later Carson-Pirie- Scott and then Herberger's, about 15 years ago. Weird!

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