TITLE

Capital-Shy Harrington Clears One Hurdle

AUTHOR(S)
Barba, Robert
PUB. DATE
November 2009
SOURCE
American Banker;11/12/2009, Vol. 174 Issue 205, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the financial performance of Harrington West Financial Group Inc. For the third quarter of 2009 Harrington reported a loss of $4.1 million. Sales of its bank branches in Kansas helped Harrington achieve a capital ration mandated by federal regulators. However, analyst Theodore Kovaleff believes Harrington may have to sell additional assets in order to further strengthen its capital position.
ACCESSION #
45207431

 

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