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Tag Archives: r. S.L. “Doc” Sethi

Heritage Bank capital call nearly $6 million

Leaders not certain money can be raised The FDIC has ordered Carthage-based Heritage Bank to raise nearly $6 million in capital by early September, and the institution’s leader is not asserting that the money can be raised. Heritage has $238 million in assets and $225 in total liabilities, leaving only $13 million in equity, according to a recent earnings statement. Also, ...

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