StrategyDriven Editorial Perspective – The Government has Created a Monster
Strategy Driven
NOVEMBER 7, 2013
With both banks highly concentrated in the weak Texas real estate market, the deal ended up helping neither bank. This agreement turned out to be a major source of income for NCNB, and gave them an incentive to hold on to the assets rather than liquidate when the market strengthened. Seidman’s concerns were warranted.
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