Commercial real estate exposure prompts Fed bank restrictions

09/4/2009 | NYTimes.com

Two banks owned by Midwest Independent Bancshares have been placed under restrictions by the Federal Reserve because of their exposure to the commercial real estate market. L.D. McDonald, CEO of the company, said the banks have been dealing with rising delinquencies in their commercial loan portfolios as well as other challenges brought on by the recession.

View Full Article in:

NYTimes.com

Published in Brief: