Banks Are Purging Bad CRE Debt From The Good Old Days

Two years after the failures of Silicon Valley Bank and Signature Bank touched off waves of panic over the concentration of commercial real estate loans held by regional banks, financial institutions are making a dent in their balance of bad debt.

Concerns about regional banks` ability to absorb declining real estate values became pervasive despite a pullback from CRE lending in the wake of the banks’ failures.   ...more

RSK: Some banks that have careful underwriting in our area are not in this predicament. I am thinking of Oak Bank and One Community Bank as examples.