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WannaJumpMyScooter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-21-11 07:42 PM
Original message
Bank of Asheville fails
Source: Asheville Citizen Times

The chronically troubled Bank of Asheville, crippled in part by bad real estate loans, was shut down by the state banking commissioner today in cooperation with the FDIC.

FDIC agents are on the scene and are expected to be working at the Woodfin Street headquarters through the night.

Read more: http://www.citizen-times.com/article/20110121/NEWS01/110121062



The old Friday bank job
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patricia92243 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-21-11 08:25 PM
Response to Original message
1. Wow - things are getting closer and closer to home. Just moved money from there to Credit Union
about 2 months ago.

Frightening times we are living in,folks.
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pmorlan1 Donating Member (763 posts) Send PM | Profile | Ignore Fri Jan-21-11 10:08 PM
Response to Reply #1
2. Yes, they are...
How's the job market in Asheville?
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WannaJumpMyScooter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-21-11 10:40 PM
Response to Reply #2
3. there's a job market here?
where?
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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-21-11 10:41 PM
Response to Original message
4. Recommend
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james0tucson Donating Member (79 posts) Send PM | Profile | Ignore Fri Jan-21-11 11:33 PM
Response to Original message
5. Must be rough
...Finding out that the government considers your bank "small enough to fail."

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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-21-11 11:42 PM
Response to Reply #5
6. TSTS
Too Small To Survive or Too Small To Save.
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Jakes Progress Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-22-11 12:14 AM
Response to Original message
7. Same as WalMart shutting down the local stores.
Less competition. Less need to actually serve customers. It is good to have buddies in high places.
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