The Saga of the “Century”: Defaults, Receivership and a $68 Million Bid
A series of alleged loan defaults by a New Mexico businessman and his family have drawn multiple banks into lawsuits over the past several years. The most significant dispute involves approximately $37 million in loans from KS StateBank that were…
The Vanishing Community Banks
After years of financial deterioration and severe undercapitalization, regulators closed Kentland Federal Savings & Loan, the nation’s smallest bank. That failure was followed by the closure of $73 million asset Small Business Bank. Both were zero-star banks and the closures…
