Wisconsin Banking Update
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Decline in Loan Balances Not Surprising to Banks
Posted on November 30th, 2009 No commentsLoan balances at the nation’s banks declined 2.8 percent from the end of the second quarter 2009 to the end of the third, the largest quarterly decline on record, according to FDIC statistics. Rick Bastian, president and CEO of Blackhawk State Bank, based in Beloit, Wis., said he was surprised lending levels hadn’t fallen even more. He said Blackhawk has been working with many of its manufacturing customers not on new loans but helping them from defaulting on old ones. Read the story in the Holland Sentinel.
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