Small banks line up for bailout money to help small businesses
Tags: BANKING industry; BAILOUTS (Finance); COMMUNITY banks; COMMUNITY Central Bancorp (Company)
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The article reports on the approval for New York Community Bank to receive a bailout money under the Capital Purchase Program of the government in Long Island, New York. According to the article, the firm is still undecided whether or not to accept the money. In addition, it states that they are...
- Community Banks: Hanging In There-- For Now. Heffes, Ellen M. // Financial Executive;Dec2008, Vol. 24 Issue 10, p50
The article presents the perspective executive Timothy Hart of First National Bank of Omaha on the state of community banks in the U.S. Problems afflicting such banks include deteriorating values of home and commercial loans, and troubled investments in securities not guaranteed by Freddie Mac...
- We Don't Need No Stinking Bailout. // ABA Bank Marketing;Oct2009, Vol. 41 Issue 8, p4
The article emphasizes the financial independence and responsibility of community banks in the U.S. in 2009. Community banks have proven their excellence and confidence to survive through the impact of the economic downturn without depending on government bailouts. The initiative of installing...
- Take back the money. // Hill;4/23/2009, Vol. 16 Issue 45, p22
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A podcast featuring reporters Paul Kiel and Karen Weise discussing the success and failure of the U.S. government's bank bailout program is presented.
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- Kellner: More rebates will help jump-start economy. Glasser, Laura // Long Island Business News (7/1993 to 5/2009);1/23/2009, Vol. 56 Issue 4, p15A
The article offers news briefs related to the financial industry in 2009. Long Island, New York economist Irwin Kellner has asserted that more rebates could help start an economic turnaround of the nation. A report states that New York Community Bank (NYCB) has turn down a bailout money. Suffolk...
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The article discusses the possible impact which a proposal by the U.S. Treasury Department to bailout the banking industry in the U.S. may have on community banks. Efforts by regulators and trade groups to have the U.S. government include construction loans for housing developers, which...
