Comments on: First Market Bank gets $34 million in bailout money http://www.richmondbizsense.com/2009/02/12/first-market-bank-gets-34-million-in-bailout-money/ Richmond's Homepage For Business News Fri, 10 Feb 2012 02:28:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Trent http://www.richmondbizsense.com/2009/02/12/first-market-bank-gets-34-million-in-bailout-money/comment-page-1/#comment-2769 Trent Thu, 02 Apr 2009 03:33:52 +0000 http://www.richmondbizsense.com/?p=4469#comment-2769 Why do all these banks that are suppossed to be getting bailout money so they can improve lending; all decide to take the Bailout money & "BUY" other banks? Now here it is after 1st Market gets its TARP money & Union Bankshares got 59M in TARP money in November 2008. Suddenlty now these two banks want to "merge" . Seems like they took the capital from the taxpayers to help fiance their merger... Why do all these banks that are suppossed to be getting bailout money so they can improve lending; all decide to take the Bailout money & “BUY” other banks?

Now here it is after 1st Market gets its TARP money & Union Bankshares got 59M in TARP money in November 2008. Suddenlty now these two banks want to “merge” .

Seems like they took the capital from the taxpayers to help fiance their merger…

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]]> By: Richard Allert http://www.richmondbizsense.com/2009/02/12/first-market-bank-gets-34-million-in-bailout-money/comment-page-1/#comment-134 Richard Allert Sat, 14 Feb 2009 18:56:23 +0000 http://www.richmondbizsense.com/?p=4469#comment-134 This could be a more community friendly bank if it were to train some of its employees to not prejudge customers who are using their services.This small to mid-sized bank can be a leader in its sector and can play an important role in communities like Varina and the East end, if employees learn to respect their customers and those communities and not use the mental lenses from their inherited 1950 attitudes when they serve customers. This is tiring and it forces us to gasp when we see who is at the windows. This could be a more community friendly bank if it were to train some of its employees to not prejudge customers who are using their services.This small to mid-sized bank can be a leader in its sector and can play an important role in communities like Varina and the East end, if employees learn to respect their customers and those communities and not use the mental lenses from their inherited 1950 attitudes when they serve customers. This is tiring and it forces us to gasp when we see who is at the windows.

]]> By: bowling » Blog Archive » First Market Bank gets $34 million in bailout money | Richmond … http://www.richmondbizsense.com/2009/02/12/first-market-bank-gets-34-million-in-bailout-money/comment-page-1/#comment-111 bowling » Blog Archive » First Market Bank gets $34 million in bailout money | Richmond … Fri, 13 Feb 2009 03:16:45 +0000 http://www.richmondbizsense.com/?p=4469#comment-111 [...] admin wrote an interesting post today onHere’s a quick excerptUnion Bankshares, based in Bowling Green, borrowed $59 million, and Community Bankers Trust, based in Glen Allen, borrowed $17.7 million. Banks applying for the Capital Purchase Program were eligible to receive 1 percent to 3 percent of their risk-based assets. Like most banks, First Market applied for the maximum … and oh, if you want a pic to show with your comment, go get a gravatar! Name (required). Email Address (required). Website. Speak your mind … [...] [...] admin wrote an interesting post today onHere’s a quick excerptUnion Bankshares, based in Bowling Green, borrowed $59 million, and Community Bankers Trust, based in Glen Allen, borrowed $17.7 million. Banks applying for the Capital Purchase Program were eligible to receive 1 percent to 3 percent of their risk-based assets. Like most banks, First Market applied for the maximum … and oh, if you want a pic to show with your comment, go get a gravatar! Name (required). Email Address (required). Website. Speak your mind … [...]

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