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California Banks

Find banks in California with commercial, multifamily, construction, residential REO, and non-performing notes.

Distressed Multifamily | California Banks

California Banks Distressed Multifamily Report

March 16, 2010

in California Banks, Multifamily Non-Performing Loans and REO

California banks reported a modest reduction in multifamily problems in the final quarter of 2009 over Q3 2009, but still reported nearly 80% more trouble overall than the same quarter in 2008. The final figures for the end of 2009 topped $1 Billion, up 80% from a year earlier. This figure includes multifamily loans that [...]

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Los Angeles, CA First Regional Bank Failure

February 8, 2010

in California Banks, Distressed Construction Loans and REO, Failed Banks, Multifamily Non-Performing Loans and REO

In late January, the Federal Deposit Insurance Corporation (FDIC), and California Department of Financial Institutions closed First Regional Bank of Los Angeles, CA. The 8 California branches of First Regional Bank will be transferred to First-Citizens Bank & Trust Company.
First Regional Bank, which recorded approximately $2.18 billion in total assets and [...]

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Top 10 Banks with Construction REO

Bank Owned Construction Projects

October 12, 2009

in Alabama Banks, California Banks, Distressed Construction Loans and REO, Georgia Banks, North Carolina Banks, Ohio Banks, Texas Banks, US Banks, Wisconsin Banks

Construction loans continue to be a huge problem for banks. In fact construction loan problems at US banks top $85 Billion in the most recent report. Construction loans make up about 30% of the total problem loan and bank owned property balances with banks nationally.
While you might expect to see lenders from Florida, Nevada and [...]

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