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Opinion
Capital Gazette Communications
Published
04/16/09
As U.S. Treasury Secretary Tim Geithner wrestles with how to restart lending, it's easy to worry about every bank in America. Is any place safe? Does anyone in the industry know what they're doing? Find Us On Facebook
In my world, there is a banking bright spot, one of the thousands of banks that aren't getting much attention these days - the small, community banks with strong balance sheets and money to lend. Revere Bank is a start-up, launched in late 2007 in Prince George's County. Today it has $33 million in loans - and no defaulted mortgages, no credit swaps, no toxic assets. Its default rate is negligible and it's...
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