TITLE

Small Banks Turn to Pooled Sales of Troubled Loans

AUTHOR(S)
Barba, Robert
PUB. DATE
May 2012
SOURCE
American Banker;5/16/2012, Vol. 177 Issue 76, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the concept of, market for, and small banks' participation in pooled loan sales in the U.S. Clark Street Capital's president Jon Winick mentions what participating banks can expect from the sale of bundled loans. Independent Bank is considering participation in Mission Capital's loan pool which has $20 million in loans and is expected to close in August 2012.
ACCESSION #
75274951

 

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