What a difference a few years make! 2010 saw 157 bank failures, more than at the height of the savings and loan crisis. A few years later we are down to only five bank failures so far in 2016. That’s progress. This past month state regulators closed down a small bank (Allied Bank) in Mulberry, Arkansas. The Arkansas banking commissioner stated ‘This was the result of poor quality loans and bad business decisions’.
Comments ()