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Bolstering reserves gives FSG parent loss
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Newspaper Article
Bolstering reserves gives FSG parent loss
2009
Overview
\"Certainly we and many others in the industry are concerned about the continuation of the recession and anxious to turn the corner,\" said Rodger B. Holley, president and CEO of First Security. \"In the meantime, our plan is to continue addressing credit issues head on, maintaining a strong balance sheet and ensure that First Security is well capitalized while focusing on core earnings.\" Regarding the $6.2 million provision for loan and lease losses, Mr. Holley said the company's approach \"has been to take an aggressive stance given the losses that are inevitable in this type of credit cycle.\"
Publisher
Chattanooga Times Free Press
Subject
