Loan Pricing Observations; 401(k) Ramblings; Investor Updates: Wells, Flagstar, AmTrust

Posted To: Pipeline Press

I was showing my Dad my cell phone over the weekend. He said, "Son, no one gives a damn about all the things your cell phone does. You didn't invent it, you just bought it. Anybody can do that." Life with Dad, always an adventure… Speaking of buying things, us taxpayers bought us another bank on Friday, although Central Bank of Stillwater, MN agreed to assume all of the failed bank's deposits and all of its assets. Commerce Bank of Southwest Florida was taken over , and for those keeping a tally, it was #124 for this year and the 12th in Florida. They had total assets of about $80 million and total deposits of about $76.7 million, according to the FDIC. The FDIC and Central Bank will share in losses on about $61 million of Commerce Bank's assets. Do you have a 401(k…(read more)

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