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Bailout goes local with Pulaski

Bailout goes local with Pulaski

By on December 23, 2008 in Real Estate Financing

It seems like Pulaski Bank couldn’t resist the call of all that bailout money. The Post Dispatch is reporting that they will receive an infusion of $32.5 million fromt he government in exchange of like amount of stock. Reports say that the bank is well capitalized, but they want the money to be able to [...]

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Wachovia and A.G. Edwards

Wachovia and A.G. Edwards

By on September 29, 2008 in Real Estate Financing

What a difference a year can make. Thats about how long it has been since Wachovia bought St. Louis-based A.G. Edwards. According to this article, it looks like Wachovia just sold off its banking operations to Citigroup. Apparently the brokerage is not part of the deal, but one has to wonder what kind of affect [...]

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Local banks will survive government buyout

Local banks will survive government buyout

By on September 11, 2008 in Real Estate Financing

It sounds like the Fannie Mae/Freddie Mac shakeup won’t be too big an issue for local banks in Missouri and Illinois after all. So this article in the Post Distpatch claims anyway.

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