About yourBankNet
yourBankNet is a site geared towards serving the needs of community banks...
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Community Banking News
- First Interstate BancSystem, Inc. to Present at the Barclays Capital 2010 ... - MarketWatch (press release)
- Man sentenced to nearly 4 years for 5 bank robberies - KFVS
- 4-Star Stocks Poised to Pop: Umpqua - Motley Fool
- New Jersey Community Bank Selects Compliance Training from Edcomm Banker's Academy - PR-USA.net (press release)
- Free iPod With American Community Bank Checking - MyBankTracker.com
- High Yield Savings Account – Checking Interest Rates from Ally Bank, Capital ... - Subprime Blogger (blog)
- First Community Bank in Direct Discussions with Potential Investors Regarding ... - MarketWatch (press release)
- 24-Month CD Rates Deal of the Day: Community Capital Bank at 2.05% APY - Go Banking Rates
- Wilton Bank placed under regulatory scrutiny - Hartford Business
- Tracking Bank Failures: Regulators Close ShoreBank and 7 Others - Wall Street Journal (blog)
Banking News
- Piedmont REIT strikes $66M deal for Meridian Crossings
- Goldman to shutter principal strategies unit
- Banks making changes to the way they pay
- Cameron Austerity Makes U.K. D...
- TD profit jumps 29%
- Asia Markets: Singapore property curbs may bite banks' growth
- Virg Bernero says he'd cut state business with banks that won't lend in Michigan
- ECB raises growth forecast
- TSX up, supported by miners, bank stocks even as TD narrowly misses forecasts
- Stocks edge up as ECB holds, jobless claims fall
Latest Resource Needs
Assistant Treasurer in Kansas City: Measures and manages interest rate risk, liquidity risk, funds transfer pricing. Experience administering asset/liability management models. Able to manage and analyze large amounts of data. Please respond to admin@yourbanknet.com with interest. All inquiries are treated in strict confidence.
Latest Participation Needs
Buyer may request .5% origination Points upon at least 90% purchase of participation.| Loan | Amount | State | Passthrough Rate | Type of Loan | As is LTV | As Complete LTV | Close date | Amort | Recourse | Comments |
| Rain-Renovation Development | 13,500,000 | NM | 7.750% | Real Estate Secured Development Expansion | 68% | 35% | 8/15/19 | 30 years with Balloon due in 5 years | Full recourse | Exclusive Private Golf Course ; currently in Phase 6 ; strong current sales ytd |
| RM-Operations | 1,500,000 | NM | 7.000% WSJP+4.75% with floor of 7.5% | Real Estate Secured Business LOC | 70% | 35% | 8/15/09 | 30 years amort with 5 year balloon | Full recourse | Development |
| NC-Operations SOLD SOLD SOLD | 5,000,000 | TX | 6.875% | Real Estate Notes Secured Business LOC | 55% | 55% | 8/30/09 SOLD | NA | Full recourse | Real Estate Note Secured Warehouse line of credit to reinvest in local community real estate projects |
| CD-Renovation | 5,000,000 | NM | 7.500% | Real Estate Secured Development Expansion | 75% | 70% | 8/30/09 | 30 years with Balloon due in 5 years | Full recourse | Historical, exclusive B&B expansion |
| EVG-Renovation | 1,200,000 | TX | 7.250% | Real Estate Secured Development Expansion | 70% | 67% | 9/5/09 | 30 years with Balloon due in 7 years | Full recourse | Mental Wellness facility |
| BDD-Development | 2,100,100 | NM | 7.00% | Real Estate Secured Development Expansion | 53% | 43% | 9/10/09 | 30 years with Balloon due in 6 years | Full recourse with a State GOVT. subordinated 1m guarantee | The subdivision, when fully completed, consists of 222 single family home lots in which 133 lots will be market rate lots and 89 will be designated as “affordable” under the NM homes program. This loan request is for phase 1A which will contain 41 lots on which manufactured homes will be sold. The need for affordability is so strong that the New Mexico Finance Authority has committed to a loan of $1,000,000 which will be fully subordinated |