First National Bank of Barnesville and its branch in Zebulon were closed late Friday afternoon by the Comptroller of the Currency and the Federal Deposit Insurance Corporation (FDIC) was appointed receiver.
Comments
Tue, May 21, 2013 - 03:56 PM
Well done and well deserved Jonathan. You have served Pike County with pride and determination. You should apply f [...]
Tue, May 14, 2013 - 02:16 PM
It IS disturbing and a picture is worth a thousand words. Pike needs animal control.
Tue, May 14, 2013 - 01:40 PM
Three horses owned by this family have been attacked by dogs - only one was killed. I did not use the graphic pict [...]
Tue, May 14, 2013 - 10:57 AM
This picture of the dead horse is pretty disturbing. Why did you find it necessary to post that? The story is incr [...]
Mon, May 13, 2013 - 09:30 AM
I agree. I live on Melville Brown Rd and over the years have had to deal with abandoned animals. I am fed up. I ha [...]
Recent Stories
- Motorized carts not okay in city
- Thursday, May 23 2013
- Landscaping complete at courthouse
- Thursday, May 23 2013
- Memorial Day ceremony Monday at noon
- Thursday, May 23 2013
- Evangeline Marion Busby
- Wednesday, May 22 2013
- Public Notices
- Wednesday, May 22 2013
Archives
FNB president/CEO George Butler said.
"Many of our borrowers were unable to meet the terms of their obligations to the bank. Lack of performance by our borrowers on loans made by the bank have been widespread. The collateral on most of those loans was real estate. Real estate values declined so significantly the bank's capital had to be used to absorb the losses. Our customers and depositors can rest assured FNB management and the board of directors have done everything possible to avoid the closure of the bank,"
Soooo, may we conclude that the management had no fault for allowing BAD LOANS in the first place!!!
this country is finished. this mentality is why we are in the mess we are in now.
Ask yourself why certain banks fail and others DO NOT. FNB Barnesville made loans that they knew or should have known were too risky . . .
I didn't say they weren't willing victims . . .
the bank did not force these people to take out the loans.
- federal government for requiring that banks consider high risk loans to minorities
- lenders for offering high risk loans such as interest only loans in order to make more profit
- federal government for allowing companies to off-shore manufacturing but still provide goods to the US as if they are made here
- taxpayers for not demanding that the federal government balance the budget and require equal trade agreements instead of putting a 3% tariff on goods from China while they put a 30% tariff on goods imported from the US
- Congress/Clinton for NAFTA
- US citizens for continuing to live way beyond their means driving personal debt levels to record highs then defaulting
the list goes on and on with no real end in sight. now we have a liberal congress/president who have exceeded any imaginable levels of debt in order to push programs that the people don't want. causing even more unemployment.
sorry, rant on, rant off...
and still survive?
United Bank has been well run and fortunate to have older more established people investing and borrowing. But they have had their share of defaults as well.
has made and filed a claim and is asking for
judgment against you in the amount of
$666,000.01 plus $527.00 cost to date; and all
future cost of this suit.
Believe me Magistrate Court is going to be
real busy this season. GOOD LUCK TO ALL!!