Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona
Categories:

Archives:
Meta:
May 2025
S M T W T F S
« Oct    
 123
45678910
11121314151617
18192021222324
25262728293031
02/28/10
Arizona banking industry continues to struggle
Filed under: General, Finance
Posted by: Lillian Wong @ 4:01 pm

Economic recovery is a ways off for Arizona’s beleaguered banking industry. Stung by more bad loans, Arizona-based banks continue to suffer from rising delinquencies, declining capital and poor earnings.

About 84 percent of the state’s mostly small banks ended 2009 with a loss, up from 74 percent in 2008 and 39 percent in 2007, according to the latest progress report issued this week by the Federal Deposit Insurance Corp.  more…



Bookmark and Share
Subscribe

share

Leave a Reply