TITLE

Capital Shortage Worsens for N.M. Bank

AUTHOR(S)
Fajt, Marissa
PUB. DATE
November 2009
SOURCE
American Banker;11/4/2009, Vol. 174 Issue 200, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that credit has continued to decline at First State Bancorporation in Albuquerque, New Mexico in the third quarter by over 50 million dollars. According to the article, First State's chief operating officer, H. Patrick Dee, believes the bank unit needs to increase its capital by 70 million dollars. The company's options with Keefe Bruyette & Woods Incorporated, First State's investment bank, are discussed.
ACCESSION #
45017359

 

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