Who did FNB president Mark Driscoll sign a deal with?”
Print this pageE-mail this articleShare Federal regulators are keeping a cautious eye on First National Bank in Fort Collins, Northern Colorado’s largest bank, requiring it to sign an agreement to strengthen its lending practices, particularly in commercial real estate. The Office of the Comptroller of the Currency said in the June 22 agreement that was made public Friday that the bank had engaged in unsafe and unsound banking practices relating to its credit underwriting and administration, commercial real estate risk management, credit risk ratings and allowance for loans and lease losses. The bank lost $11.27 million in the second quarter, up from a $502,000 loss in the first quarter and a $600,000 gain at the end of 2008, according to federal reports. The bank had more than $185 million in past-due loans; about $41 million in past-due construction and land loans. First National, owned by First National of Nebraska holding company, had $2.5 billion in assets, according to the report
Federal regulators are keeping a cautious eye on First National Bank in Fort Collins, Northern Colorado’s largest bank, requiring it to sign an agreement to strengthen its lending practices, particularly in commercial real estate. he Office of the Comptroller of the Currency said in the June 22 agreement that was made public Friday that the bank had engaged in unsafe and unsound banking practices relating to its credit underwriting and administration, commercial real estate risk management, credit risk ratings and allowance for loans and lease losses. The bank lost $11.27 million in the second quarter, up from a $502,000 loss in the first quarter and a $600,000 gain at the end of 2008, according to federal reports. The bank had more than $185 million in past-due loans; about $41 million in past-due construction and land loans. First National, owned by First National of Nebraska holding company, had $2.5 billion in assets, according to the report. Commercial real estate is by far the la
