OIG-09-013 SAFETY AND SOUNDNESS: Material Loss Review of ANB Financial, National Association November 25, 2008, Office of Inspector General, Department of the Treasury
- “The primary causes of ANBs failure were the banks strategy of aggressive growth without adequate controls; heavy reliance on wholesale funding, including brokered deposits; inadequate risk management of credit concentrations in commercial real estate, and unsound underwriting practices. These deficiencies were exacerbated by unfavorable economic conditions.”
- FDIC Failed Bank Information, Bank Closing Information for ANB Financial, NA, Bentonville, AR
- Related postings on financial system
