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Wrong Gerald Sekula?

Gerald Sekula

President

The Falls City National Bank

HQ Phone:  (830) 254-3573

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

The Falls City National Bank

100 S Front Street

Falls City, Texas,78113

United States

Company Description

The Falls City National Bank Website...more

Find other employees at this company (8)

Web References(6 Total References)


www.akronlegalnews.com

But beneath the surface, Falls City also is changing, says Falls City National Bank president Gerald Sekula, whose institution has seen deposits nearly double in the past three years to $290 million.
Sekula remembers the last boom, when the uranium mines were thriving, and how it came crashing to earth about three decades ago. "The one thing I always like to reiterate to people is, 'Save for the rainy day.' We don't know how it will last. Act like it's only gonna last five years," he said.


www.wilsoncountynews.com

"We don't do things that some people who got in trouble do," said Gerald Sekula, the president of the Falls City National Bank.
"The big guys were making 95 and 100 percent loans," Sekula said. "We do not invest in out-of-state municipal bonds," Sekula said. "We don't handle private-label collateralized mortgage obligations, or CMOs, like with Lehman's," Sekula said. "A lot of these are pools of sub-prime loans; they have no backing, other than the loans themselves. If the loans aren't good, there's no backing." The CMOs are part of the reason for some of the larger banks' failures, he said. "If someone invests in these pools of sub-prime loans, and the pools are deemed to not be worth the face value, the bank or investment group has to mark that pool down to market value," Sekula said. "If it's only worth 70 percent of the face value and they mark it down too much because market value has fallen, that institution can become insolvent." Both men are fairly confident that won't happen with hometown banks. "We don't make tons of commercial loans to large risky entities," Sekula said. Strengths of local independent banks include a strong liquidity, low non-performing assets (like bad loans), and more stringent underwriting, as well as conservative investment practices. "If we had to liquidate our portfolio," Sekula said. "We'd realize more than its book value. "We deal more with local people," he added.


www.wilsoncountynews.com

"We don't do things that some people who got in trouble do," said Gerald Sekula, the president of the Falls City National Bank.
"The big guys were making 95 and 100 percent loans," Sekula said. "We do not invest in out-of-state municipal bonds," Sekula said. "We don't handle private-label collateralized mortgage obligations, or CMOs, like with Lehman's," Sekula said. "A lot of these are pools of sub-prime loans; they have no backing, other than the loans themselves. If the loans aren't good, there's no backing." The CMOs are part of the reason for some of the larger banks' failures, he said. "If someone invests in these pools of sub-prime loans, and the pools are deemed to not be worth the face value, the bank or investment group has to mark that pool down to market value," Sekula said. "If it's only worth 70 percent of the face value and they mark it down too much because market value has fallen, that institution can become insolvent." Both men are fairly confident that won't happen with hometown banks. "We don't make tons of commercial loans to large risky entities," Sekula said. Strengths of local independent banks include a strong liquidity, low non-performing assets (like bad loans), and more stringent underwriting, as well as conservative investment practices. "If we had to liquidate our portfolio," Sekula said. "We'd realize more than its book value. "We deal more with local people," he added.


www.wilsoncountynews.com

"We don't do things that some people who got in trouble do," said Gerald Sekula, the president of the Falls City National Bank.
"The big guys were making 95 and 100 percent loans," Sekula said. "We do not invest in out-of-state municipal bonds," Sekula said. "We don't handle private-label collateralized mortgage obligations, or CMOs, like with Lehman's," Sekula said. "A lot of these are pools of sub-prime loans; they have no backing, other than the loans themselves. If the loans aren't good, there's no backing." The CMOs are part of the reason for some of the larger banks' failures, he said. "If someone invests in these pools of sub-prime loans, and the pools are deemed to not be worth the face value, the bank or investment group has to mark that pool down to market value," Sekula said. "If it's only worth 70 percent of the face value and they mark it down too much because market value has fallen, that institution can become insolvent." Both men are fairly confident that won't happen with hometown banks. "We don't make tons of commercial loans to large risky entities," Sekula said. Strengths of local independent banks include a strong liquidity, low non-performing assets (like bad loans), and more stringent underwriting, as well as conservative investment practices. "If we had to liquidate our portfolio," Sekula said. "We'd realize more than its book value. "We deal more with local people," he added.


www.thecountywide.com [cached]

Falls City National Bank President Gerald Sekula and Vice President Corinne Sekula are encouraging anyone who has information about these crimes to contact the Karnes County Sheriff's Office at 780-3931.


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