Banker's Blues | Arkansas Blog

Wednesday, August 27, 2008

Banker's Blues

Posted By on Wed, Aug 27, 2008 at 9:37 AM

The slow-motion collapse of the U.S. banking industry continues, and the little guys -- as always -- are the ones getting shafted.

Case in point: a class-action lawsuit filed yesterday by employees of ANB Financial in Fayetteville, who saw their retirement plans evaporate after the bank closed May 9.   Plantiffs estimate their losses at $56.3 million.

Roby Brock's talkbusiness.net has the story

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