Central Bank of Stillwater buys failed Florida bank, its fourth

Outside of its area the bank expects to work a "miracle comeback".
Classic overreach, unless the management moves down there to keep an eye on the
notorious thieving con artists that populate FL. We should know since many of them
were originally from MN but did not play "nice" and were exiled to a place they would
not freeze to death.

Taking over a mess of bank failures locally is bad enough, this one will sink the boat.

Bank Failure soon wrote:

Outside of its area the bank expects to work a "miracle comeback".
Classic overreach, unless the management moves down there to keep an eye on the
notorious thieving con artists that populate FL. We should know since many of them
were originally from MN but did not play "nice" and were exiled to a place they would
not freeze to death.
Taking over a mess of bank failures locally is bad enough, this one will sink the boat.

Excellent comment. The bank in Staples, MN opened an office in FL, wrote a ton of bad loans, and it ultimately resulted in the failure and closure of the branches in both FL & MN. The only reason that they could remotely want to go to Florida is so that they can write of their winter vacation expenses.

What you are seeing here each Friday is the left over trash from Bushco & Friends.

Here is what happens: The greedy and crooked CEO of a bank over extends his bank and goes belly up. The FDIC with our tax dollars backing this fraud of a transaction, shuts down the failing bank and awards all of its holdings along with a big pile of government cash to the crooked CEO of another bank. That CEO rapes the general public with bad investments and the circle starts all over again.

What is needed here is a complete and total government take over of the financial system of the United States. Without such an action, our economy may be doomed just like it was for the eight years it was lead by Bushco.

IrishMN wrote:

What you are seeing here each Friday is the left over trash from Bushco & Friends.
Here is what happens: The greedy and crooked CEO of a bank over extends his bank and goes belly up. The FDIC with our tax dollars backing this fraud of a transaction, shuts down the failing bank and awards all of its holdings along with a big pile of government cash to the crooked CEO of another bank. That CEO rapes the general public with bad investments and the circle starts all over again.
What is needed here is a complete and total government take over of the financial system of the United States. Without such an action, our economy may be doomed just like it was for the eight years it was lead by Bushco.

Do you even read what you type? "This is all the fault of the government, and what we need is government to take over the problem they created."

I saw a report how in FL Medicare fraud has surpassed the illicit drug market for criminal enterprise. Banks are laundering all kinds of money. Central bank wants a piece of the action, apparently.