atlanta: Questions I've fielded recently about the banking industry - 02/24/10 07:31 AM

1)  How the heck did banks (especially community banks) get into such a mess in the first place?
• Doesn't every bank have rules in place to limit excessive lending concentration to a particular industry?
•·Was it all about paying big bonuses to the ivory tower folks & top producers, or was it something else?
Clark's opinion: 2007 - 2009 marked a financial "perfect storm" that combined rising unemployment, a higher-than-normal percentage of subprime mortgage defaults, & a slowing economy. Should banks have slowed lending & reined in industry concentration much earlier than they did? Hindsight being 20 / … (0 comments)

atlanta: Mr. Blackwell's Weekly Appalachian American Thesaurus - 04/07/09 02:20 AM
We have plenty of local color in Georgia even when the cherries & crape myrtles aren't blooming. Atlanta comedian Jeff Foxworthy has made his fortune laughing about his Southern upbringing. As an AR service, I've decided to expand on Jeff's offerings by starting an Appalachian American Thesaurus in AR. Knowing how & when to use ya'll or you-uns won't get you far enough. Today's words:
Studdun- verb. Studying, Considering.
Haddinorta- verb/adverb combination/abomination. Should not, Ought not, Often prefacing a double-negative
Neerbout- adjective. Almost, Nearly, Around, Approximately
As in:
"I been studdun 'bout sellin' ma 4 acres in Ball Ground fer $42,500 a … (2 comments)

atlanta: Is your Atlanta-area client having a hard time finding a bank to handle construction-perm financing? - 03/13/09 03:26 AM
I've spent at least 15 of my 21 years as a community banker handling deals most bankers shy away from: Owner-occupied residential construction-perms. These transactions demand significant "teaching time" on the part of the banker for even the most sophisticated borrowers. Some of the topics I'm able and willing to cover in great detail with your client are:
Hiring a reputable general contractor, The necessity of having adequate cash reserves to fund inevitable cost overruns, County and municipal permitting, Explaining how the progress draw process works, Locating suitable, buildable land, Pros & cons of onsite sanitary sewerage (septic systems), Ins & outs of municipal building code & … (0 comments)

 

Clark Blackwell

Woodstock, GA

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Crescent Bank & Trust

Address: 190 Village Centre East, Corner of State Route 92 & Ragsdale Rd, Woodstock, GA, 30188

Office: (678) 454-2423

Mobile: (770) 893-8975

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All the stuff you already wanted to know from your banker but were afraid to ask.


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