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Small Banks and Problem Banks

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November 23, 2010 – Comments (0)

First of all, here is a pretty cool site if you are looking into problem banks and anything related:

http://problembanklist.com/

Lots of interesting articles and lists on there.

I've been looking into another small bank, this one would actually qualify for the portfolio as its market cap is greater than $200 million. It is Ameris Bancorp (NYSE: ABCB) based out of Moultrie, GA. I know, I know...Georgia has been more or less ground zero for banks. But ABCB has been taking on the deposits of failed institutions around that area, so I think there may be some real growth there if they can maintain. Being that they are so local to that area, it is not one where property valuations were ever sky-high to begin with, so they may not be so exposed to mortage issues and real poor loan quality.

Foolishly,

Jason (no position)

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