Public Comment CRE Lending Bay Cities National Bank

Public Comment CRE Lending Bay Cities National Bank

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t~~~~~~~~~~~~~~~~~~~~Bay Cities~ National BankHwy.1333 South Pacific Coast The Community Bank of the South Bay Redondo Beach, CA 90277Tel: 310 540.2265Fax: 310a540.8645E. Feldman, Ex Secretary Robert 6_, 2006February ATT- Comments CorpFederal Deposit Insurance 550 17,' St, NWDC 20429Washington, in CRE loans, Sound RiskRE: REQUEST FOR COMMENT on Concentrations BULLETIN 2006-2Management 0CC Dear National Bank Examiner:on the agencies proposal for Sound RiskI feel it is necessary for me to comment highand credit unions when it comes to an institutions Management for banks, thrifts in commercial real estate loansconcentrations 38have been a commercial banker for more than First of all, let me begin by stating I for national banks. However, I haveThe bulk of that time has been spent working years. Therefore, I feel qualified tostate banks as well as one credit union. also worked for two agency supervisessome understanding as to how each regulatory address this issue with -- -- ~'their iffstitutidhs.been in banking, I have spent more thanLet me also say that in the many years I have my timeasset side of the desk. The other 65% of 35% of my time working on the special officer In the past, I have been responsiblehas been spent as the institution's chief credit charged with resolving moreand managing groups of collection people, for organizing Alaska, California,worth of distressed loans in the states of than a billion dollars involved in this endeavor ...



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