What's going on with TSB these days, ...

What's going on with TSB these days, Greed Seems Problematic, at Least!

Posted in the Sevier County Forum

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Nice Neil

Maryville, TN

#1 Jan 21, 2011
Tennessee State Bank is undertaking a new approach in dealing with some of their high-profile long-time clientele and it appears a new ground is being forged here in Sevier County.

One would not expect unreasonable treatment in their affairs when it comes to the lending policies of a well-established bank, discriminatory tactics appear to be what is surfacing here on the home front and for a change it involves locals. well-established individuals well enough grounded to stand up to the test, as opposed to prior known situations where either newcomers to the area or lesser known individuals in comparison could/might not stand the test!

This will be a real show to watch, folks, I kid you not.

When a lending institution, i.e. Tennessee State Bank, resorts to such tactics as suing individuals for their debt where sufficient collateral has long stood as security, as opposed to simply foreclosing as is the 'standard', this gives rise to what you may expect, an all-out War developing right here under our noses.

Six business persons generally considered to be good risks, are now the victims of this 'designer' tactic undertaken by the bank as shown by complaint served on defendants past Thursday, suit originating in the Circuit Court of Sevier County.

As one standing off to the side and watching this develop, I will read with interest any press releases coming from these defendants and the coverage given by The Mountain Press when they get around to picking it up. Stay tuned.
FED

Strawberry Plains, TN

#2 Jan 21, 2011
You need to learn about the "Clean Hands Doctrine" there Sevier County Scot-Irish Moron.
Nifty Larry

Maryville, TN

#4 Jan 21, 2011
I like the idea of making up policy and rules as I go, seems TSB has adapted to my way of thinking.

When you do this, though, you can expect some resistance from those who have the balls to question and stand their ground, and another six citizens seems to be feeling the heat enough to do exactly that!

I hear there shall be 'war', as stated by one of those involved. When these issues strike close home, with some, the water begins to boil.........
fairness and issues of equity may reroute these scoundrels when it comes to a seemingly persuasive institution, one expected to set a proper standard of the area, absolutely rolling over good and sound citizens ready and willing to do the right thing.

If there is no prohibition on the law books to preclude this type of activity, then, I suppose there will be one in the making in time; if not by prescribed bank policy then by case law, possibly.

'Move over little dogs, the Big Dog is moving in'!
FED

Strawberry Plains, TN

#5 Jan 21, 2011
Don't it just chap your NOTHING ass that all you can do is piss and moan on this cyber trash dump.

Lopok Out........INCOMING!
Pastafarian

Newport, TN

#7 Jan 22, 2011
I always thought TSB's problem was 'too much stoopid' working there.

... several examples over the years. One example involves TSB's request for a Green Card from a citizen of Alaska. They forgot that Alaska was part of America.

Yes. It was pretty funny at the time.
Betty Blue

Maryville, TN

#8 Jan 24, 2011
We're waiting on The Mountain Press to cover this story and interview those of the area claiming improper tactics by Tennessee State Bank.
FED

Strawberry Plains, TN

#9 Jan 24, 2011
Betty Blue wrote:
We're waiting on The Mountain Press to cover this story and interview those of the area claiming improper tactics by Tennessee State Bank.
It is a non story. Sevier County Scot-Irish have always been Stupid andGreedy. Nothing new here!
Nice Neil

Maryville, TN

#11 Jan 25, 2011
Whether a 'news story or not' what effects your wallet and your sense of security is what you wish to hear.

Review from this website the 'condition' of those specific banks, currently, in Tennessee; decide for yourself what is a 'news story'! When you can't depend on what you are told, have no sense of what to expect, from 'some' loan officers who rattle their mouths like change in their pocket, look at this:

http://www.investinganswers.com/next-banks-th...
FED

Strawberry Plains, TN

#12 Jan 25, 2011
Nice Neil wrote:
Whether a 'news story or not' what effects your wallet and your sense of security is what you wish to hear.
Review from this website the 'condition' of those specific banks, currently, in Tennessee; decide for yourself what is a 'news story'! When you can't depend on what you are told, have no sense of what to expect, from 'some' loan officers who rattle their mouths like change in their pocket, look at this:
http://www.investinganswers.com/next-banks-th...
Just more NOTHING NONSENSE from the Sevier County NOTHINGS!
Bank Tracker

Maryville, TN

#14 Jan 25, 2011
FYI - look closely, with a fine-toothed comb, so to speak!

A wittle bit of nonsense,'nothing' you could say, some might appreciate a seriousness review, especially when it applies to you!

http://banktracker.investigativereportingwork...
FED

Strawberry Plains, TN

#15 Jan 25, 2011
You don't have the first damn clue what you are even looking at fool.

NOTHINGS are totally uneducated as you found out in the August Election looser!
Pastafarian

Newport, TN

#16 Jan 25, 2011
Bank Tracker wrote:
FYI - look closely, with a fine-toothed comb, so to speak!
A wittle bit of nonsense,'nothing' you could say, some might appreciate a seriousness review, especially when it applies to you!
http://banktracker.investigativereportingwork...
Very interesting, indeed! Thank you SO much for the link.

From http://www.investinganswers.com/next-banks-th...

The Texas ratio (the number on the left) is calculated by adding up a bank's non-performing assets (real estate and past-due loans) and dividing by the sum of a conservative capital measurement known as "tangible common equity" and a bank's loss reserves. Failure risk rises as the ratio approaches 1.0. Any bank with a Texas ratio of less than 0.50 can be considered pretty safe by this measure.

3.13 American Patriot Bank Greeneville TN
1.48 Sevier County Bank Sevierville TN
1.41 Community South Bank Parsons TN
1.29 Bank of Bartlett Bartlett TN
1.26 The Citizens Bank of East Tennessee Rogersville TN
1.15 Mountain National Bank Sevierville TN
1.05 INSOUTH Bank Brownsville TN
1.00 Tennessee State Bank Pigeon Forge TN
FED

Strawberry Plains, TN

#18 Jan 26, 2011
Pastafarian wrote:
<quoted text>
Very interesting, indeed! Thank you SO much for the link.
From http://www.investinganswers.com/next-banks-th...
The Texas ratio (the number on the left) is calculated by adding up a bank's non-performing assets (real estate and past-due loans) and dividing by the sum of a conservative capital measurement known as "tangible common equity" and a bank's loss reserves. Failure risk rises as the ratio approaches 1.0. Any bank with a Texas ratio of less than 0.50 can be considered pretty safe by this measure.
3.13 American Patriot Bank Greeneville TN
1.48 Sevier County Bank Sevierville TN
1.41 Community South Bank Parsons TN
1.29 Bank of Bartlett Bartlett TN
1.26 The Citizens Bank of East Tennessee Rogersville TN
1.15 Mountain National Bank Sevierville TN
1.05 INSOUTH Bank Brownsville TN
1.00 Tennessee State Bank Pigeon Forge TN
A failure of TSB would have zero impact on the local economy. Let it fail, in fact I hope it does fail. It would be a release for the local housing market and free up assets and bonds.
Bailiff

Maryville, TN

#21 Jan 28, 2011
Seems Tennessee State Bank has laid down the hammer or the gauntlet, sent a salvo over the bough, and are somewhat taking on a role of the bully on the block and beating up on their clientele; they appear to be boring with the big auger - double loaded - from reading their complaint filed in Chancery Court.

Reserving the right to foreclose either before, during or after seeking a court ordered money judgment is enough to put the fear of God in most, these individuals are no exception; therefore, we will expect the 'power of five' to rise to the occasion and meet the test. One term tossed out there a few years ago was 'you set the pattern and I'll match the pace'.

So, a reasonable person would take issue to a bank moving in this direction and going to this degree, saddling these respondents with seeking the mercy of the Court in prohibiting the bank bidding in the collateral at foreclosure at an unreasonably low price then going after whatever is out there for a deficiency judgment. At what price is 'hide' going for these days?

Question #1 is, as is the usual practice in this County and in our Courts, who will be the judge; for, all judges, administrators & whomever is involved (prosecutors as in criminal cases, as shown by the records) to walk away from their responsibilities as justice is difficult to acquire in such as this, a high profile matter, under circumstances prevailing on a day to day basis. I'm betting it will not be wallowed around amongst those of this district to preside, about time a disinterested jurist came into town.

This will be one of those 'exceptions', no doubt!
FED

Strawberry Plains, TN

#22 Jan 28, 2011
Just more hot air from the NOTHINGS!

Nothing from Nothing leaves Nothing!
banking at its best

AOL

#24 Jan 30, 2011
GREED would be my assumption as to why TSB is pursuing in this manner.
Reporter

Maryville, TN

#26 Jan 30, 2011
FED wrote:
Just more hot air from the NOTHINGS!
Nothing from Nothing leaves Nothing!
Yes, and two ears plus two midge balls leaves nothing, if anything, in between!
Loan Officer

Maryville, TN

#27 Jan 30, 2011
Even if I worked at TSB I doubt, as a loan officer, that I could tell you what is going on at TSB.

I will admit, however, that I have learned a few tricks to my advantage over a period of years and this has given me recognition among my piers (if not with my CEO or Board of Directors) as I've been lucky not to have the schemes questioned legally, professionally or from some standard of moral view point.

I say 'lucky' as I sit with my eye cocked to my right toward the door thinking that any day some swiveled-arsed octogenarian would walk in to settle their score with me, using either a crooked walking stick hanging from one arm or a steel-tipped umbrella hanging from the other.

My sales pitch and promises, lack of scruples and uncouth demeanor may, yet, cost me once the liberties I have taken with clientele is divulged to my Board, I might just have to get on my bike and hustle somewhere other than here at the bank, for a change. I have attempted to practice a more low key exposure lately, as, one just can't push their luck but so far - just how far is something I debate with myself, almost daily, as my luck might just run out any day now.

If the limelight finally hits my misdeeds, along with attention being thrown on my bank and its policies, I'll be lucky to hold up my end of the single tree, even though I feel I am quite a 'hunk' of a man despite my knowing I could be downsized swiftly by that elderly senile customer once, or if, their wrath reached fever pitch.

I must take care of #1, regardless, recoil and go back to the roots from which I came, knowing full well that the Golden Rule is what I should have been practicing all along, and, it could even this late date become my personal code of ethics as well as bank policy.

This is something I must think on in these upcoming days, no doubt!
FED

Strawberry Plains, TN

#28 Jan 30, 2011
Gsheeeeez.....close your legs girlfriend, your breath really stinks

Since: Jan 11

Location hidden

#29 Jan 31, 2011
http://www.tnstatebank.com/properties.htm
Financial details for Tennessee State Bank
Other real estate owned $22,013,000
Troubled assets/Loans $73,812,000

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