Phew!! My Bank is OK!!

Discussion in 'The Back Room' started by Terry O'Keefe, Oct 21, 2008.

  1. Terry O'Keefe

    Terry O'Keefe Well-Known Member Administrator

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    I got a letter today from my bank assuring me they were ok. I use a locally owned bank here in Houston. They happen to be in my building. I'd never considered they might not be ok, and how extraordinary that a bank would send it's customers a letter saying they are OK.

    They said they are OK because they are currently have a Core Capitalization of >11%. I'd feel even better if I knew what that meant though!! :)

    Terry
     
    Terry O'Keefe, Oct 21, 2008
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  2. gipper

    gipper Well-Known Member

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    Isn't that like the GM saying that the coach has his full support the week before he shitcans him?
     
    gipper, Oct 21, 2008
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  3. jif5

    jif5 Well-Known Member

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    GET OUT fast T :!: :!:
     
    jif5, Oct 22, 2008
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  4. BuckeyeT

    BuckeyeT Well-Known Member

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    Who is your bank?
     
    BuckeyeT, Oct 22, 2008
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  5. Terry O'Keefe

    Terry O'Keefe Well-Known Member Administrator

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    Terry O'Keefe, Oct 22, 2008
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  6. Terry O'Keefe

    Terry O'Keefe Well-Known Member Administrator

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    So Core Capitalization > 11% a good thing, better than average, something that should give me a sense of security?
     
    Terry O'Keefe, Oct 22, 2008
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  7. Sid

    Sid Well-Known Member

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    Short version: Yes, as long as the bank is current on such negative items as loan chargeoffs, which they most likely are.
     
    Sid, Oct 22, 2008
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  8. Bobdawolverweasel

    Bobdawolverweasel Well-Known Member

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    Bauer Financial gives them a four star rating.

    http://www.bauerfinancial.com/btc_ratings.asp
     
    Bobdawolverweasel, Oct 27, 2008
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