banking: 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)

banking: Relocating your business? Don't rule out the state of Georgia - 03/31/09 02:41 AM
Considering relocating your business? Prospects for continued success in the current
economy getting you down? Don't take Atlanta off your short list just yet. In fact,
you may want to move it to the top. The state of Georgia is proposing business-
friendly legislation geared toward making Georgia the same oasis of business-
friendliness in the USA that Ireland's "Celtic Tiger" is in Europe.
ATLANTA - Governor Sonny Perdue announced that House Ways and Means Committee Chairman Rep. Larry O'Neal has introduced a legislative package that will position Georgia as a more aggressive competitor for economic development projects that grow jobs and … (0 comments)

banking: Duz grammer n spaleling mek iny difernce in a spale-chek wurld? - 03/16/09 06:25 AM
Why will I ever need to know this crap [Algebra, History, Social Studies, Language Arts, Science, and Geography] in real life? I've personally used these words, and I'll wager that most of us have done so at some point while being forced to do homework even though we had much bigger fish to fry. Little did I know while in grade school that I'd use the knowledge gained from almost all these subjects on an almost-daily basis, not only in real estate & banking, but in being a parent & volunteering as a Boy Scout leader, and even in running a family home.
This … (7 comments)

banking: Someone like Bernie Madoff, Sir Stanford in Tennessee in 1982? - 03/12/09 01:33 AM
East Tennessee Realtors: Does the name "Butcher" ring a bell with anyone? For everyone outside the Knoxville / Maynardville area of TN who are interested in reading about bankers gone wrong, look for a copy of "Whirlwind: The Butcher Banking Scandal", written by former Knoxville Sentinel reporter Sandra Lea.

The Butcher tale parallels the greed & deceit of Sir Stanford & Bernie Madoff. For folks in East Tennessee who were old enough to have a bank account during the Jimmy Carter presidency, there are only two emotions associated with the Butcher name: loathing or adoration.
In the late 1960's & early 70's brothers … (2 comments)

banking: Good news from a banker! Clark Blackwell, Commercial Lender in Woodstock, GA - 02/25/09 03:59 AM
As I watched last night's presidential address to Congress, I couldn't help raising an eyebrow when President Obama made the statement, "Banks are afraid to lend right now, even to each other. Banks are afraid to do even a car loan." Our Commander-in-Chief should have qualified that statement by putting "Mega" in front of "Banks". As recently acknowledged by almost everyone, community banks participated very little (if at all) in the house of cards that was the securitized mortgage market.
Though there's plenty of uncertainty & thinly-disguised fear among myself and my friends who are community bankers, we're still in business … (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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