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Not Your Typical Bankers, Not Your Typical Bank?

In today's ABQ Journal, Winthrop Quiqley reports that First Community Bank has joined the growing list of banks applying for the Troubled Asset Relief Program (TARP). First Community Bank, which trades as First State Bancorporation (FSNM) on the NASDAQ, has experienced a significant decline in stock value over the past year.

First Community Bank is applying for $90M in funds.

11 Comments

Comment by slamwagon on November 29, 2008 at 1:10pm: I guess that's better than a figure in the billions.

Comment by Stevie on November 30, 2008 at 1:00am: I'm with Steven First Bank and Trust. Where do I apply? I only need $80 million.

Comment by tinsree on December 1, 2008 at 1:00pm: nice to see catty remarks hurled at great corporate citizens and an employeer of 500+ of your neighbors.

Comment by Stevie on December 1, 2008 at 8:27pm: I wasn't really going for catty; I just have to make light of the absurd state of affairs. If one can't laugh....well, I prefer to laugh. I'm sure most of the employees are fine people. And I'm guessing you're one of them? Nevermind, it matters not. Let it be known I have great optimism for all of us.

Comment by tinsree on December 2, 2008 at 9:51am: wasn't referring to you stevie, was referring to SAS. No i'm not an employee, just a casual observer of who does what in this town and they do a LOT. What's not mentioned in this post or comments is that they actually are considered to be well capitolized. it would be nice, if from time to time, posters understood the issues they were posting about and not just arm chair anylists.

Comment by Masshole in Fringecrest on December 2, 2008 at 10:22am: Wow, that's a lot of attribution, there tinsree. I re-read SAS's post and it is merely an assemblage of the latest info presented in a entirely non-judgmental manner.

What's wrong with starting a discussion that puts a local spin on the national banking financial crisis?

What's wrong with blog posters being armchair analysts? Isn't that the point?

Comment by slamwagon on December 2, 2008 at 10:53am: If they get a better website going, I'll ditch B of A in a heartbeat. It's always better to keep the money in the region instead of exporting it all to NYC.

Comment by Camian on December 2, 2008 at 1:42pm: I didn't know that First Comm. applied for TARP, so I am glad that SAS posted this.

Comment by Samantha Anne Scott on December 2, 2008 at 5:01pm: @ tinsree: While I'm not an economic scholar, I am a longstanding customer of said bank. I'm genuinely curious how failing to make reference to First Community Bank's positive attributes in a blog that solely addresses the bank's application for TARP funding is "catty". I'm always open to being enlightened.

Comment by tinsree on December 2, 2008 at 7:28pm: maybe i attributed the general tone of this blog to you and maybe that wasn't fair. maybe it was the picture alluding to bank failure, thats not the case here. the headline seems to call them to task. either way if you dug a little deeper you would see that applying for TARP doesn't tell the whole story.
to often in general here there is an eagerness to ring the death knoll.
as far as armchair analysts, yeah sure fine. but call yourself that and declare that you really don't know what your what you're posting about. case in point. there are two "b of a"s in town. one's headquarters are in north carolina, the other's are in oklahoma.
admittedly i need to just delete my account.

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