[mEDITate-OR:
miss out on a very interesting view of local, small AZ banks.
By separate post we pointed out the fascinating graphs put out by CRisk that show U.S. the dramatic increase is bank failures.
What we NEED to remember is that there are a LOT more small banks - community banks - that made local commercial loans..., for shopping malls, condos, office bldgs, and to construction companies and RE developers. All of those loans are now coming due, or in serious financial trouble.
And, Sheila at FDIC is telling U.S. that a LOT more of them are going to be closed, this year.
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A rough road still lies ahead for small banks
The housing crash and recession have battered the small Arizona banks that grew and thrived in the state's boom times.
http://www.azcentral.com/
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