chicagotribune.com - 207 views
The leader of Oak Park's FBOP bank holding company--Michael Kelly--blasted US Treasury regulations for the recent failure of the Lemont Park National Bank. Did a recent Windy Citizen share re-arm this Oak Park FBOP President?
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- analyst
- bank
- Chicago
- Chicago,Illinois,United States
- Citizens National Bank
- Citizens National Bank Putnam
- Community Bank of Lemont
- Comptroller of the Currency
- deposit insurance fund
- Failure The leader
- FBOP Corp.
- FBOP Corporation
- FDIC
- Federal Deposit Insurance Corp.
- Lemont Park National Bank
- Michael Kelly
- Oak Park
- Oak Park FBOP President
- Oppenheimer & Co.
- Park National Bank
- Park National Bank Initiatives
- Regulations The leader
- secretary
- spokeswoman
- Terry McEvoy
- Texas
- Texas,United States
- Treasury's Community Development Financial Institutions Fund
- U.S. Bank
- U.S. government
- United States
- US Bank National Association
- US Treasury
- USD
- Windy Citizen
- Business
- FBOP
- FDIC
- Michael Kelly
- Park National Bank
- US Treasury Department
Comments
Congress wiped out the value of FBOP's Freddie Mac & Fannie Mae mortgage lender common & preferred stock shares with the nationalization. Next the US Treasury forced FBOP's sale because these assets worth as much as $800 Million were rendered nearly worthless.
Check out last weekend's Windy Citizen share & leading discussion thread comments:
http://www.windycitizen.com/chicago/business/2009/10/31/oak-park-bank-fb...
Don't let government regulations destroy a locally owned business.
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