This is older PE but This bank received an Outstanding Rating by the OCC
Renewals were incorrectly reported as loans. Renewals represented 20% of the loans in our sample. ]( This was befor it was OK to report Renewals)[/color]-
Revenue data was in error in 5% of our sample.
Loans secured by residential real estate were incorrectly reported as loans.These types of loans represented 5% of our sample. ( This usually call for complete rescrub and resubmission of data)
Bank management was able to correct data for the period covering January 1,1999 through September 30, 1999, but was unable to correct 1998 data. As a result, our small business analysis will be limited to the bank’s performance during 1999.
Market share data for 1999 was not available, and because of errors in the bank’s data, 1998 market share data was not used.
Material errors were noted with the non-public information provided to examiners regarding community development loans. A number of loans to small businesses were incorrectly included in the community development loan totals. Management was unable to identify or remove these loans from the data provided to examiners because of time and financial constraints.
This bank is over 10 Billion in size. So who says size doesn't matter
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