First Bank Collapses Amid Coronavirus Woes: More in Store? | |
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Callin User ID: 78551315 United States 04/07/2020 04:40 PM Report Abusive Post Report Copyright Violation | --- The FDIC noted “The First State Bank has experienced longstanding capital and asset quality issues, operating with financial difficulties since 2015.” Moreover, the bank’s capital levels as of Dec 31, 2019 were too low for legally staying operational. --- Sounds like this little Mom-and-Pop bank have been in bad financial shape for a long time (2015). I don't think COVID-19 had much (if anything) to do with it. Last Edited by Callen on 04/07/2020 04:53 PM The further a society drifts from the truth, the more it will hate those that speak it - Orwell If you’re backed by Hollywood, social media, the government, and practically the entire globalist system, you are not the resistance -- you're part of the problem |
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Q33 User ID: 78698051 Canada 04/07/2020 05:01 PM Report Abusive Post Report Copyright Violation | Banks will start to collapse soon! Quoting: Anonymous Coward 77994583 [link to www.yahoo.com (secure)] The First State Bank based in Barboursville, WV has become the first bank to fail since the coronavirus pandemic spread across the United States. The Federal Deposit Insurance Corporation (FDIC) made this announcement on Friday. The FDIC noted “The First State Bank has experienced longstanding capital and asset quality issues, operating with financial difficulties since 2015.” Moreover, the bank’s capital levels as of Dec 31, 2019 were too low for legally staying operational. Therefore, all four branches of The First State Bank, along with its deposits and certain assets were immediately acquired by MVB Bank Inc., a wholly-owned subsidiary of MVB Financial Corp. MVBF. As of Dec 31, 2019, it had nearly $139.5 million of total deposits and $152.4 million in total assets. damn! |
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Buzzcheeze User ID: 77927758 United States 04/07/2020 06:06 PM Report Abusive Post Report Copyright Violation | ANYTHING BAD that happens in this time period is going to be REPORTED as Coronavirus Woes Last Edited by Buzzcheeze on 04/07/2020 06:06 PM "TRUMP WON" "I love deadlines. I like the whooshing sound they make as they fly by" 'My ego is smaller than yours Why is abbreviation such a long word “When seconds MATTER, cops are only minutes away "Cut out a man's tongue and you dont prove him a liar. It just proves you fear what he has to say" |
uhftx User ID: 75119554 United States 04/07/2020 06:06 PM Report Abusive Post Report Copyright Violation | so a bank that had issues for five years finally bit it. Quoting: Anonymous Coward 76977638 The weak will die, the strong will survive. Yes, Like the informercial But Wait There is More. Wait till the fake Banks all failed. Second Bank, Third Bank.... And so on. They were never meant to be successful anyway. Screw the banks. They probably have denied more good people credit and loans. Like the days of the frontier. The good survive. Not to say the big banks are good. They are all crooked, but we have no choice unless you know of a smaller credit union which operate and work for the people (members). Education is a decision, Not something that can be drilled into a brain. UHFTX Ultra High Frequency Transmission. Mega WATTS of RF Energy. A VETERAN of the Cold WAR. Patriotic, Pride, Integrity, and Guts. |
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Anonymous Coward User ID: 78760178 United States 04/07/2020 06:13 PM Report Abusive Post Report Copyright Violation | --- Quoting: Callin The FDIC noted “The First State Bank has experienced longstanding capital and asset quality issues, operating with financial difficulties since 2015.” Moreover, the bank’s capital levels as of Dec 31, 2019 were too low for legally staying operational. --- Sounds like this little Mom-and-Pop bank have been in bad financial shape for a long time (2015). I don't think COVID-19 had much (if anything) to do with it. Of course not, but everyone with the sniffles will be counted as VICTIMS of the coronavirus. This has become a political event now (if it always wasn't) and the left-wing commie rat bastards of the planet will use it in every way imaginable to advance their satanic agenda. |
Anonymous Coward User ID: 3424979 United States 04/07/2020 06:50 PM Report Abusive Post Report Copyright Violation | --- Quoting: Callin The FDIC noted “The First State Bank has experienced longstanding capital and asset quality issues, operating with financial difficulties since 2015.” Moreover, the bank’s capital levels as of Dec 31, 2019 were too low for legally staying operational. --- Sounds like this little Mom-and-Pop bank have been in bad financial shape for a long time (2015). I don't think COVID-19 had much (if anything) to do with it. Too late ..... Already tallied as a corona death !! |
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Anonymous Coward User ID: 78490934 04/07/2020 06:58 PM Report Abusive Post Report Copyright Violation | --- Quoting: Callin The FDIC noted “The First State Bank has experienced longstanding capital and asset quality issues, operating with financial difficulties since 2015.” Moreover, the bank’s capital levels as of Dec 31, 2019 were too low for legally staying operational. --- Sounds like this little Mom-and-Pop bank have been in bad financial shape for a long time (2015). I don't think COVID-19 had much (if anything) to do with it. Too late ..... Already tallied as a corona death !! good analogy they are calling everything coronavirus speaks to the wider scheme of why they did this right? |
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Anonymous Coward User ID: 77555432 United States 04/07/2020 07:03 PM Report Abusive Post Report Copyright Violation | Banks will start to collapse soon! Quoting: Anonymous Coward 77994583 [link to www.yahoo.com (secure)] The First State Bank based in Barboursville, WV has become the first bank to fail since the coronavirus pandemic spread across the United States. The Federal Deposit Insurance Corporation (FDIC) made this announcement on Friday. The FDIC noted “The First State Bank has experienced longstanding capital and asset quality issues, operating with financial difficulties since 2015.” Moreover, the bank’s capital levels as of Dec 31, 2019 were too low for legally staying operational. Therefore, all four branches of The First State Bank, along with its deposits and certain assets were immediately acquired by MVB Bank Inc., a wholly-owned subsidiary of MVB Financial Corp. MVBF. As of Dec 31, 2019, it had nearly $139.5 million of total deposits and $152.4 million in total assets. yes hilbilly usa average iq 60what youxpect reast of ountry ok |
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