5 Questions about Real Estate-Owned Properties

Mike Thorell, President and CEO, Pinnacle Bank Time on the job: Less than a year Web: www.pinnbankaz.com How has Pinnacle Bank been able to keep its real estate-owned portfolio small, considering how deep the problem is in Arizona? Pinnacle Bank, since its organization a little more than four years ago, has not focused on — nor had sufficient legal lending capacity to effectively compete for — land, land development or commercial/tract (single-family residence) construction.

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