There is some significant misinformation and conjecture on this thread. Last Friday, our newly acquired Frisco, TX branch funded a $1.25 million loan, at a 1.20 factor rate. The confusion seems to be related to the value of that loan to our new Frisco branch manager. In fact, our acquisition program delivers a MULTIPLE of net income to the acquired manager. Anyone who would like the details of our program may contact me:

Ronald Phillips
rphillips@wbl.com
(212) 271-8263