http://banktalk.org/2010/08/20/the-future-of-shorebank/ Exploring the Finances of the Unbanked Tue, 22 May 2012 19:08:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://banktalk.org/2010/08/20/the-future-of-shorebank/comment-page-1/#comment-1686 Bill Fri, 20 Aug 2010 21:10:47 +0000 http://banktalk.org/?p=2585#comment-1686 So, the countless other banks that went under or were seized by the FDIC don't constitute important events? Tell that to the people that worked there. As for the timing, my point is that the FDIC does not rountinely air the fact that they are looking at a bank with the intent of taking it over. A C&D may be issued, but there generally is not a lot of ink spilled discussing the future of the "target" by the FDIC. In the case of ShoreBank, there have been barrels of ink. The amount of press this has gotten is the important event and the fact that plenty of time has been given for "insiders" to get their ducks in a row. Actually, the bank is fortunate that there hasn't been a run. Now that would be an important event. As to its role in the cd field, the gap will be filled. That's the nature of business. You should know that. So, the countless other banks that went under or were seized by the FDIC don't constitute important events? Tell that to the people that worked there. As for the timing, my point is that the FDIC does not rountinely air the fact that they are looking at a bank with the intent of taking it over. A C&D may be issued, but there generally is not a lot of ink spilled discussing the future of the "target" by the FDIC. In the case of ShoreBank, there have been barrels of ink. The amount of press this has gotten is the important event and the fact that plenty of time has been given for "insiders" to get their ducks in a row. Actually, the bank is fortunate that there hasn't been a run. Now that would be an important event. As to its role in the cd field, the gap will be filled. That's the nature of business. You should know that.

]]> http://banktalk.org/2010/08/20/the-future-of-shorebank/comment-page-1/#comment-1681 adam Fri, 20 Aug 2010 18:11:13 +0000 http://banktalk.org/?p=2585#comment-1681 So I don't understand. Are you saying that it is ludicrous because: everyone already knows that the FDIC is going to act, or that it is ludicrous, because the secrecy of the FDIC means that no one knows what is going to happen? Because my sense is that the FDIC does not give advance notice. A deal of some sort may have been telegraphed. Still, the issue of "when" remains unknown. It may happen this afternoon, and since there is speculation about that, I believe that it is a timely topic. Moreover, it is an important event, because this is an important institution in the cd field. So I don't understand. Are you saying that it is ludicrous because: everyone already knows that the FDIC is going to act, or that it is ludicrous, because the secrecy of the FDIC means that no one knows what is going to happen? Because my sense is that the FDIC does not give advance notice. A deal of some sort may have been telegraphed. Still, the issue of "when" remains unknown. It may happen this afternoon, and since there is speculation about that, I believe that it is a timely topic. Moreover, it is an important event, because this is an important institution in the cd field.

]]> http://banktalk.org/2010/08/20/the-future-of-shorebank/comment-page-1/#comment-1679 Bill Fri, 20 Aug 2010 17:05:23 +0000 http://banktalk.org/?p=2585#comment-1679 The statement that "no one would have advance notice" is ludicrous. This story, and the FDIC's probable intentions, has been all over the airwaves and the internet. To be sure, the FDIC has been telegraphing their intent since news about ShoreBank first broke. In reality, when the FDIC seizes a bank, NO ONE, not even the deepest insiders know it's going to happen. If people within ShoreBank don't know what's coming, then they have been sitting in a cave for the last 18 months. The statement that "no one would have advance notice" is ludicrous. This story, and the FDIC's probable intentions, has been all over the airwaves and the internet. To be sure, the FDIC has been telegraphing their intent since news about ShoreBank first broke. In reality, when the FDIC seizes a bank, NO ONE, not even the deepest insiders know it's going to happen. If people within ShoreBank don't know what's coming, then they have been sitting in a cave for the last 18 months.

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