Harris Bankcorp remains well-capitalized, CFO says

09/28/2009 | Chicago Tribune (tiered subscription model)

Many midsize banks in the Chicago area have seen their profits hit by the need to increase capital reserves. "At a time like this all banks are increasing their provision for credit losses to ensure they're building reserves to cover future losses in their loan portfolios," said Harris Bankcorp Chief Financial Officer Pam Piarowski. But the bank is well-capitalized even after building up its loan-loss reserves, she added.

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