Arkansas Blog: Benton County bank bust

Benton County bank bust

The Wall Street Journal has a good overview of the demise of the once go-go ANB Financial, a victim of brokered deposits and too many real estate loans.

Posted by Max Brantley on May 16, 2008 07:40 AM | Permalink

Comments

You know that you have done screwed up when both your lawyer and the FDIC advise you not to give an interview.

Posted by: bopbamboom | May 16, 2008 09:19 AM

Seems like the same thing happened back in the 80s. No matter, taxpayers are made of money.

Posted by: bugeyedlittlefreak | May 16, 2008 10:12 AM

>>..defaulting on at least $934,000 in loans used to build several homes in the Quail Ridge subdivision.<<

Quail Ridge is cursed. It's not in the best of locations. This is the third developer to crash when building in that subdivision.

Seems the Fayetteville real estate bust in the early 80s took down an up and coming bank operating on risky margins.

What are the odds that Dan Dykema was in the car business before entering banking?

Posted by: L.Wood | May 16, 2008 02:56 PM

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