A Note Question To This Forum on Why...
I know for a fact from the last Call Report on a bank I have located, that they have $109,000,000 in non-accruals. I also know they have the reserves to cover selling these assets. I made contact, (I thought) with the correct person handling their non-performing assets. I also know that their Tier 1 ratio is 38%, and their Total Risk based ratio is 39%. So I see no reason why they can't sell, because they are in good shape to do so.
So far, instead of sending me a note tape, I have received their REO tape, all of which have already been assigned to a broker. She has also said she would forward my request to their Portfolio Managers to see if anything is available. "If anything is available"?
Do you gentlemen think that I should keep trying, in another way or person, to contact a someone else in authority? Maybe thru LinkedIn? Although maybe I'm being impatient since its only been one day so far.
Your advice please.