Every day I go by a little bank on my way to and from work. It's called Vision Bank; it's on a strange little corner with very little around it. I've never heard of Vision Bank and can't imagine how they can compete compared to some of the big boys.
As I drove by this afternoon, they had a huge purple sign draped over their main sign that read, "Yes, we're still lending."
Maybe this means that they will be in better shape than their competitors, since they aren't big enough to have invested in the sub-prime mortgage fiasco. Sad sign of the times, though.
I bank with a locally owned bank, First National Bank of Paragould. It has $550 M in assets. Banks in Paragould recently responded to a survey by the local paper as to strength. All the branches of large holding banks made a statement about the size of the bank, but no statement on condition. FNB described how they had won an a rating that placed them among the top 5% of the banks in the country for stability and financial strength. They to are still lending. Guess good management is good management regardless of size.
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