Are struggling community banks prepared for a new threat?

Are struggling community banks prepared for a new threat? (access required)

By Don Harris - don.harris@azcapitoltimes.com

Published: August 21, 2009 at 8:00 am

Most community banks in Arizona are losing money, lending is down, and a veteran banker concedes that every day is a challenge. It was a little too challenging for two Arizona banks, which were closed by state and federal regulators Aug. 14. A third bank is operating under federal orders to improve what were found to be “unsafe and unsound banking practices.”

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