Many see the lack of young assets of its own responsibilities as the biggest challenge
Two architects of Douglass National Bank rescue in 1991 that the minority who are lender needs more capital that the solution of current problems and ensure a solid future. He needs active young own responsibilities.
“Our hope has always been that it would be a managerial responsibilities group of young people, and could see it as their way of life,” said Bill Hall, president of the Hall Family Foundation, which provided nearly half of money in the bank $ 3.3 million capital increase of 15 years. “I could not agree more with him,” said Charles Thacker, was regional director in Kansas City for the Federal Deposit Insurance Corp., if it added $ 1 million in 1991, the Bank capital increase.
Douglass National de la Recherche is back after problems with loan funds have led to losses of $ 1 million between October 2005 and June 2006. The bank has fallen short of mid-2006 Capital objectives, that the regulatory authorities, it had a formal agreement in March. Douglass vice-president Graham Leonard refused to comment on this article. In September, however, Mr. Graham said that the bank was focusing on capital and we hope that in “much better”, the first quarter of 2007. The Bank also include new Chief Executive Officer after the resignation of Jan Lester Johnson. In the past, Douglass active leaders, but they have not been significant owners. Bank directors own less than 8 percent of the parent company Douglass Bancorp.
Owners are not active on the bench. More than half of Douglass Bancorp share in the stands businessmen, helped shape and support of the Bank
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