Jul
22

Banks on ‘Troubled’ List In N.C. Up Sharply

By
– charlotteobserver.com

More than one-fourth of North Carolina’s 88 state-chartered banks are on N.C. regulators’ list of troubled institutions, a record number, at least in recent history.

The tally of 23 troubled banks compares with six about two years ago, said Ray Grace, the N.C. deputy banking commissioner who heads bank supervision. Typically, he said, only two or three are on the list.

While acknowledging banks face serious issues, Grace doesn’t expect a spate of failures.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.charlotteobserver.com/408/story/845975.html
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