Closely Held Banks Still Waiting on SBLF Terms

There are 7,604 banks and thrifts in this country, and the core mission of nearly all of them is to lend locally. As currently structured, however, nearly 40% of these institutions are barred from taking part in the Small Business Lending Fund, the government's latest attempt to stimulate the national economy from the community level on up.

Cursed by its status as a subchapter S corporation, Riverside Bancshares Inc. is one of that sidelined minority.

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