As the lyrics from “Green Acres” noted, “New York is where I’d rather stay. I get allergic smelling hay. I just adore a penthouse view. Dah-ling I love you but give me Park Avenue.” New York regulators on Friday closed the Park Avenue Bank with total assets of $520 million and total deposits of $494 [...]

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To Our Clients, Colleagues and Friends,

We made reference last week to Marion Berry snorting crack, and you wouldn’t believe how many people wrote us that you smoke it and don’t snort it.  One who wrote us is a major name in warehouse lending, another one a top secondary marketing executive, and one is a bank [...]

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Don’t forget to “Spring ahead” this Sunday morning. We lose an hour of sleep, but it will be lighter during barbecuing.
The FDIC made a rare Thursday move and shut down LibertyPointe Bank This bank catered to the Orthodox Jewish community in Manhattan and Brooklyn, and will be taken over by Valley National.
For anyone hedging with [...]

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Who says that numbers aren’t fun? A top muni bond analyst at Wells Fargo sent this to me:
What If Everybody in Canada Flushed At Once?

 
Sometimes time drags, and sometimes it flies. I came to this brilliant observation yesterday while waiting in the California DMV, waiting for my 15 1/2 year old daughter to obtain her [...]

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