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New FDIC Guidance Good for FBP      4-Nov-09 05:23 pm    
The FDIC issued new guidance on Friday, that will permit banks to put back in performing status loans which are paying interest, but which had been put in non performing status because of a decrease in collateral value. FBP, according to the press release has about 513 million in loans where interest is being collected. Even if not all of this qualifies, I bet a pretty nice number will qualify. This is a recognition by the regulators that they were being too strict and causing the credit crunch.
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dalilike130

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New FDIC Guidance Good for FBP
dalilike130 (1 Rating) 4-Nov-09 05:23 pm  
 
Do you have a link to the FDIC guidance? Re-r...
maverick757... (1 Rating) 4-Nov-09 05:40 pm  
 
I did not say the whole amount would qualify,...
dalilike130 (1 Rating) 4-Nov-09 06:18 pm  
 
Thanks for the link. Surprisingly easy ...
maverick757... (1 Rating) 4-Nov-09 06:57 pm  
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First Bancorp (FBP)

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