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Non-Tech : MWBX Metrowest bank(Framingham,Ma.) -- Ignore unavailable to you. Want to Upgrade?


To: Arthur Tang who wrote (75)10/31/2000 4:31:51 PM
From: Arthur Tang  Read Replies (1) | Respond to of 87
 
Bank continues to be free from Feds overnight discount loans. Therefore, the continued growth of deposits and assets are expected. Prior to 1999, all the loan loss and reserve were collected. This year last quarter, there was a loan loss of $5 million, which was charged off. Management felt that they could recover the loss if diligence is maintained. Their confidence was demonstrated over the 1990s.

The asset to deposits is about the same, but the earnings has improved 21+%.