Smaller banks, by contrast, make few mortgage loans, and their lending is fueled by deposits, rather than borrowing. That has insulated them from the troubles on Wall Street.
"We're drowning in liquidity because people are pulling money out from other places and depositing it with us," said Peter Fitzgerald, chairman of Chain Bridge Bancorp in McLean. "Our bank has benefited tremendously."
Tuesday, September 30, 2008
Smaller Banks Thrive Out of the Fray of Crisis
From http://www.washingtonpost.com/wp-dyn/content/article/2008/09/25/AR2008092504155_2.html?sid=ST2008092600236&s_pos=
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