I don't have recent numbers, but last I hears two banks ago was that the FDIC was 8 Billion in the hole. That is $8 Billion with a "b" and not in some African nation's currency totally inflated beyond belief.
Now, they must be further in the hole.
Closing banks isn't helping the business loan environment. Banks are already THE MOST regulated small business in the country. Now, they are being told to prepay FDIC insurance premiums for 3 years and if that doesn't kill them they are being told to suck up the TBTF (too big to fail) banks' failures.
American Prudential Capital, Inc. provides alternative funding for business-to-business startups, acquisitions, and growing firms from about $500,000 to several $100 MM. Their contract is month-to-month and they earn their customers' business. Funding facilities grow with customers' needs and provide great flexibility.
Eric Standlee
Now, they must be further in the hole.
Closing banks isn't helping the business loan environment. Banks are already THE MOST regulated small business in the country. Now, they are being told to prepay FDIC insurance premiums for 3 years and if that doesn't kill them they are being told to suck up the TBTF (too big to fail) banks' failures.
On December 18, 2009, the FDIC was named as Receiver for RockBridge Commercial Bank, (CERT # 58315), Atlanta, GA by the Georgia Department of Banking and Finance. An assuming institution could not be located; therefore, the FDIC will fulfill its obligation to insured depositors by mailing checks for their insured amounts. For further information, please visit the FDIC web site: RockBridge Commercial Bank (www.fdic.gov).
American Prudential Capital, Inc. provides alternative funding for business-to-business startups, acquisitions, and growing firms from about $500,000 to several $100 MM. Their contract is month-to-month and they earn their customers' business. Funding facilities grow with customers' needs and provide great flexibility.
Eric Standlee
