Posted by Molly Nelson - Robb Mandelbaum of
The New York Times' You're The Boss blog was surprised to learn that
the lender that has made the fifth-most ARC loans is the Peoples Bank of Mississippi. According to the FDIC, this community bank had $192 million in assets at the end of September, ranking 3,342nd-largest (out of 8,109 banks operating) in the United States.
Perhaps regulators have taken notice of the activity at Peoples Bank as well, as John Tozzi of The New Entrepreneur highlights a
statement issued by regulators calling on banks to evaluate giving credit to a business based on the individual ability of that business to repay, instead of on trends in a particular industry or location
[
You're the Boss,
The New Entrepreneur]