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SlickJulie
Flash in the pan


Joined: 01 Feb 2008
Posts: 59

Michigan Banks
PostPosted: Mon Feb 25, 2008 4:57 pm Reply with quoteBack to top

"It's been so brutal for Michigan banks," said Michael Tierney, president and CEO of both Madison Heights-based Peoples State Bank and its holding company, PSB Group Inc. "I've been in the business for 30 years, and if 2007 wasn't the worst year since the Great Depression, it's got to be one of the three worst."

Good summary located in the inset of banks that do business in Michigan and their respective 4th qtrs....
http://crainsdetroit.com/apps/.....50313/1068

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Hackney71
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Joined: 08 Nov 2007
Posts: 1260
Location: Nashville

Re: Michigan Banks
PostPosted: Wed Mar 12, 2008 3:10 pm Reply with quoteBack to top

Yup, I work for a Michigan Bank and 2007 was our first year we had to take a step bank and strategically plan for a better 2008. After shifting gears we will probally post a loss Q1, break even Q2, and Come Back Q3, and post a YTD Earnings making up for 2007 by end of Q4...

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SlickJulie
Flash in the pan


Joined: 01 Feb 2008
Posts: 59

Michigan leads in problem banks
PostPosted: Fri Apr 04, 2008 9:27 pm Reply with quoteBack to top

Hackney71....

Since you said you work in a Michigan bank I thought you'd find this ...FYI....
http://www.freep.com/apps/pbcs...../804040310

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Hackney71
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Joined: 08 Nov 2007
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Location: Nashville

Re: Michigan Banks
PostPosted: Tue Apr 08, 2008 9:47 pm Reply with quoteBack to top

Sorry, I wasn't so quick on the draw there Julie... Thank You...

SEE ITS NOT JUST MY BANK!!!! lol...

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