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Even community banks can't avoid credit woes: 'bumpy ride' predicted for rest of the year.

Publication: San Diego Business Journal
Publication Date: 30-JUN-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
For the most part, community banks avoided making subprime mortgage loans, and are still making profits, but the lenders aren't immune to the national credit crisis, and an economy teetering on the edge of recession.

Higher levels of defaulting and delinquent loans have been popping up in practically every loan portfolio, requiring bankers to take a tougher look at who they extend credit, according to several bankers.

"Bankers are looking twice and thrice at the deals we are doing now," said Larry Hartwig, chief executive officer of California Community Bank...

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