Jackson County Times

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Thursday, December 9, 2010

Superior Bank On Path To Improvement

By Sid Riley
The real estate boom period from 2000 through 2008, combined with liberal loan qualification guidelines which were encouraged by the Federal regulators, came to a sudden end in 2009. The subsequent recessionary drop in real estate values and defaulting loans created a situation of vulnerability for banks across the nation. Loans which had previously seemed to be sound, good banking ventures suddenly became troubled assets.

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