A Note Question To This Forum on Why...

[Norma Wallace]

I know for a fact from the last Call Report on a bank I have located, that they have $109,000,000 in non-accruals.  I also know they have the reserves to cover selling these assets.  I made contact, (I thought) with the correct person handling their non-performing assets.  I also know that their Tier 1 ratio is 38%, and their Total Risk based ratio is 39%.  So I see no reason why they can't sell, because they are in good shape to do so.

So far, instead of sending me a note tape, I have received their REO tape, all of which have already been assigned to a broker. She has also said she would forward my request to their Portfolio Managers to see if anything is available. "If anything is available"?

Do you gentlemen think that I should keep trying, in another way or person, to contact a someone else in authority?  Maybe thru LinkedIn?  Although maybe I'm being impatient since its only been one day so far.

Your advice please.