Bad loans bite GreenBank
By Geert De Lombaerde Posted on December 30, 2008 at 9:18 pmGreen Bankshares, one of the state’s largest banking companies, says the housing market slump will add about $25 million to its bad-loan pool and help push it into the red for the quarter. The company (Ticker: GRNB) recently snagged $72 million in TARP money.
Tags: banking, earnings warnings, Green Bankshares Inc., housing market, residential real estate, TARP
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