7/03/2008

FYI: Bob's Bank Rocks!

As most of you know, Bob is now working at First Federal Bank in Albuquerque as a Commercial Credit Analyst. Here's some information you may not have known--First Federal is a division of Washington Federal Savings Bank and Washington Federal (NYSE: WFSL) has been named the strongest thrift institution in the United States by SNL Financial. A thrift is a type of bank. Check Investopedia for more info. Click here for the top 20 strongest and the top 20 weakest thrifts in the U.S.

FYI: Washington Federal made conservative, fixed-rate home loans and kept its overhead low during the boom a few years ago and, therefore, the bank is avoiding many of the issues resulting from the crisis in the sub-prime mortgage and housing markets. It's pretty good for a bank to be making money right now when most are not only losing, but most are losing a lot. This boils down to two very important words: job security.

2 comments:

Mutti said...

Job Security - gotta love it! Keep up the good work.

Tom and Alison said...

First of all, your house is awesome! Congratulations Terry! I'm glad to hear that your institution is doing well; Capmark fared well compared to the other companies in our industry (no layoffs yet!!). And you were asking about that pop up - I really don't remember exactly, BUT, I found this link, give it a try: http://www.tipsforbloggers.blogspot.com/2008/01/add-pop-up-warning-to-blog.html