Small Banks to Depositors: Trust Us
The looming end of the Transaction Account Guarantee program has small banks nationwide reaching out to affected customers to assure them the banks can be trusted to hold their deposits. Keith Costello, chief executive of Broward Bank of Commerce, a Fort Lauderdale, Fla.-based unit of Broward Financial Holdings that holds $129 million in assets, said the bank is telling customers "that we have a loan portfolio that has no nonperforming loans, which is a very clear statement that our bank is very solvent, very safe and very secure."
From "Small Banks to Depositors: Trust Us"
Wall Street Journal (12/26/12) Sidel, Robin
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