How is Iberia bank doing in the midst of the economic downturn?”
Finally! Louisiana based Iberia Bank does the right thing by returning approximately $90 million to the Treasury department. It is my belief that we should allow the economy to thrive by letting failing businesses to do just that, to fail. Yes, the consumer is going to pay the cost one way or another. Be it interest rates or through our taxes on this current bailout scheme cooked up by the Obama Administration. However, at least we can on a grassroots level influence the economy and the politics of the current and future administrations in the White House. Open an account at Iberia Bank. I enrolled online today. I encourage you to do the same and to likewise tell your friends and family to follow suit. Believe me, I am not saying that the banking industry are the good guys, they are the primary reason along with the lack of good faith of many of their customers for the current economic mess we are in. However we can still influence policy at the top by acting from the bottom. One vote
North Shore banks and lending institutions say the international financial crisis has not damaged their loan portfolios nor hindered available capital for lending, although conventional home loans in particular do require higher credit scores than before the recession. Executives of Whitney National Bank and IberiaBank, two Louisiana-based institutions that participated in the federal government’s $700 billion Troubled Asset Relief Program, say their loan portfolios expanded last year and most lending programs remain stable. What’s more, the Louisiana Mortgage Lenders Association, representing financial institutions and brokers statewide, is promoting mortgage programs in the midst of a national home foreclosure crisis that Louisiana has avoided for the most part.
