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Ralph Hutchinson January 29, 2014 at 06:56 am
Bold face lies the Board knew of the bad loans yet published the letter. Cover up. Cronyism. NowRead More they get awards? Sickening.
Ralph Hutchinson January 29, 2014 at 07:01 am
Steve Page's Letter to the Editor saying the management and board were some of the finest people heRead More ever worked with yet they were banned for life from a banking career and are being sued by the FDIC personally speaks volumes to Page's smokescreen of tales. Does he think we forgot?
Kessler hotel proposed. Could be same since partners were related
Ralph Hutchinson January 23, 2014 at 09:05 am
Link to Board updating the situation after the meeting. Link ---Read More http://sonomavalley.patch.com/groups/opinion/p/hotel-developer-offers-seniors-a-pool
sal nero January 9, 2014 at 08:23 am
And Brown and crew will claim they were forced to switch due to threat of a lawsuit. harharhar-It'sRead More called a feigned vote for political cover knowing it will be overturned by threat of a lawsuit.
Anna Gomez January 10, 2014 at 09:26 am
If At&T is going to strong arm us, the counsel doesnt have the backbone to say no to the appealRead More and the city attoney not willing to fight them - here is a suggestion. The rental fee of $2000. is the same number AT&T has been offering since the 90's. I say the new rental amount is $500,000. per month and the permit fee from the city is 8 million. No, towers allowed on private property so they can't bypass rental fees. Is there a law against our fee structure? Darius has no soul by the way.....
sal nero January 10, 2014 at 10:10 am
From the movie Citizen Kane, Orson Wells is David Bolling
sal nero January 7, 2014 at 04:37 pm
1. Bolling's dozens of articles undermining SDC's mission. 2. Bolling/Lynch refusal to restoreRead More Index-Tribune archives for over 2 years in order to hide the Index-Tribune spin job on behalf of Sonoma Valley Bank Officers and Directors responsible for wiping out $70 Million in LOCALS' shareholder value and $8.63 Million in Taxpayer TARP loan money. "When they pass the cookie jar, you take a cookie." - New Sonoma Valley Bank President, formerly Chief Lending Officer, Sean Cutting -February 2009. ==============================================3. Bolling calls blogger Ralph's breaking news about Plaza Union Hotel/Sid Hoover CAD plan a farce and a lie, when he knew that it was legitimate and it actually was Hoover's work product. ============================================= 4. Bolling facilitated a cynical charade and orchestrated a letter writing campaign. Bolling printed a letter from Jeff Montague against the Hotel Limitation Measure/Measure B. Instead of describing Montague as the next door neighbor of the Index-Tribune/Future Hotel site Bolling chose to only describe him as a Bicycle shop owner, and not a possible seller of his prime corner lot building to the Chateau Sonoma Hotel Developers next door. Bob Edwards wrote a response taking issue with Montague's position. Then Bolling conveniently received a non sequitur attack on Edwards penned by Sarah Anderson, owner of the Chateau Sonoma French antique shop that inspired the very name of the hotel project, as she is the wife of the developer who no doubt still desires Montague's key Plaza view location. ======== The type of minds that can organize such charades only to mislead voters show their utter contempt for Sonoma's citizens who may not understand yet ...that this is their town now. If you don't like it ... Uh what happened to Julie ?
Anna Gomez January 8, 2014 at 07:02 am
Its not a newspaper anymore. Its a rag that is run by a bunch of "yes men" controlled by aRead More crook.
Will Shonbrun January 9, 2014 at 09:27 am
As long as I’ve lived in Sonoma, apprx. 30-years, the Index-Tribune, owned and operated by theRead More Lynch family, first Robert then son Bill, has been a mediocre (at best) small-town newspaper despite its own self-aggrandizement and self-promotion. It is in now way comparable to outstanding small papers such as the San Jose Mercury News, the Point Res Light, the Bay Guardian, the Anderson Valley Advertiser and the Russian River Times to name but a few. These are newspapers of note and substance, rife with investigative reporting and dedicated to uncovering the truth about local issues and connections to a roader spectrum, none of which is evident in the I-T for the last 30 years. The editorial pulpit under the aegis of the Lynch family was always biased toward the interests of the business community and its spokespeople the Chamber of Commerce. The I-T masked itself as politically Democratic and liberal leaning, but it was free-market and anti-economic equity for the working person all the way. Occasionally it paid lip service to liberal social issues, but that was pro forma in a Democratic county and civil rights oriented readership. In my opinion it always was and still is a mouthpiece for the primary business interests that run Sonoma. The I-T and the Press Democrat is now owned by developer-lobbyist Darius Anderson and a few very rich friends he brought on board, along with two other county papers in what can only be considered an obvious ploy to control local print media. This was best exemplified during the current campaign to limit hotel size and growth in Sonoma that both newspapers condemned, and in particular the I-T stacked the amount of print given over to its position on the issue. Of course when Anderson & Co. took over these newspapers they made the standard claims of no interference with editorial content or positions. This is the standard slop readers are fed and ridiculous on its face. The I-T covers (some) local news – council meetings, sports, education issues, religious page and so forth – all of which is standard fare, but so does Sonoma’s other weekly paper The Sun. The Sun is independently owned and operated by its editor-publisher and is as far as I can see free from editorial management or manipulation. As The Sun offers the same coverage of local goings-on as the I-T and also provides a regular forum for local columnists, among them some very good writers, and most important is beholden to no one and no entity’s particular interests it is, in this opinion, a far better alternative. Lastly, when the I-T’s editorial reins were turned over to David Bolling some years ago it was a vast improvement in content and style. Bolling is smart, humorous, a good writer and has impressive environmental issues chops. The I-T became a better paper by leagues when Lynch dropped out and Bolling took over. Sadly that paper has been bought by commercial growth and development interests and can no longer be considered an honest broker. This may not be unusual in the newspaper business, but it’s a damn shame. Who’s going to tell the emperor he has no clothes on? Anyone interested in knowing more about the political and investment dealings of Mr. Anderson the following are but a few samples of the newspaper and magazine articles about the gent: Money & Company: Political power player Darius Anderson under scrutiny related to pension deals, Mark Lifsher, August 27, 2010 Press Democrat: Watch Sonoma County; Sonoma man pays $500,00 to settle corruption probe, Ted Appel, April 16, 2010 Bohemian: The Other Shoe Drops; Gabe Meline, Nov. 7, 2012 Anderson Valley Advertiser: Series of articles from 2009, winter.
Ralph Hutchinson long time Somoma resident
Ralph Hutchinson November 24, 2013 at 11:48 am
Bruce, I respect your opinions and share some of your concerns. I would encourage you to blog andRead More write with research about these topics yourself. I'd be happy to jump in and comment tag team when appropriate. I will take exception to your property tax elitist comment. Do you think rental property owners build in sufficient rents to cover all operating expenses of a property passing on to tenants or do you really think owners give a "pass" to tenants and they eat all the costs? Really? Tenants pay their share of taxes just as do owners. Your elitist comment is divisive and insinuates somehow that a big percentage of Sonoma is like "second class" if not landowners. Renters vote with the same rights as land owners. They live and enjoy Sonoma just the same.
Bruce MacKay November 24, 2013 at 05:49 pm
Thank you for your gracious comments.
sal nero November 25, 2013 at 03:34 pm
You attack then come back playing the pity card while making another nonsensical attack. The leastRead More you can do is tell me your opinion of the letter writing charade between the Andersons, Montague and Bolling. Do you defend that kind of charade intended to hide who the owner of the Feed Store was?
Ralph Hutchinson November 11, 2013 at 01:01 pm
So Dan, your son Chris is a slot tech at Graton Casino?
Ralph Hutchinson November 12, 2013 at 02:52 pm
As an example, Yosemite National Park has a village with replica bark houses that depict a way ofRead More life. Sample weaving, pottery, hunting and skinning tools, cooking and process, I've heard others talk of tragedies at the turn of the century why not tell Americans the stories like Japanese internment or Holocaust. On a brighter note why not share feasts and foods, dancing and ritualistic service, or music used. I for one would love to learn more but have no interest in casinos. I'm just saying, take several million carve out the casino and make it cultural budget with static and interactive dances-music-feast. Not just some old website or book. Use today multi media and interactive methods.
sal nero October 31, 2013 at 12:36 pm
BTW-all of the above info was gleaned from public records and other blogs
sal nero October 31, 2013 at 02:18 pm
Similar to the Madoff brokerage fraud, these bankers retained the same tiny accountancy firm,Read More Richardson in Sacrmento, for upwards of 15 years thereby evading any real detection or forensic testing of systems and procedures inside Sonoma Valley Bank since before the fraud began in about 2006.
sal nero November 3, 2013 at 07:58 pm
BM - SV Bank- United Commercial Bank- written by William Black Madman was tracked up the 101 from SFRead More by the Feds from this equally corrupt bank. Wow ------ http://www.creditwritedowns.com/2011/10/united-commercial-bank-fraud.html
Ralph Hutchinson October 31, 2013 at 11:40 pm
I hope Switzer, Cutting and Melland's lawyers are working these angles. I would think theseRead More arguments might have merit in undermining the Feds.
sal nero November 1, 2013 at 09:53 am
"I was a thief and you should have caught us greasing the skids for Madjlessi? or "we wereRead More so stupid if you, FDIC, did your job you would have saved us?" That is the same type of argument Madjlessi's Sonoma County based bankruptcy attorney used against Westamerica/SVB in the Petaluma Greenbriar foreclosure case. You know how it goes...ignorance of the law is no excuse. That is why Chairman Nicholas, who may have introduced Madjlessi to SVB through Haury, took continuing education accreditation classes in banking for anti-money laundering, things legal, etc... These are sophisticated business people who were Officers and Board Members. They STILL have a lot of explaining to do.
Ralph Hutchinson March 1, 2013 at 03:41 am
Ethics Policy continued: We recognize that federal law makes it a crime for any insider of aRead More federally insured bank or bank holding company to ask, solicit, accept, receive or agree to receive anything of value from anyone as part of any business transaction with the Bank. The Bank Bribery Act requires that the insider have a corrupt intent for this to be considered a crime. We also acknowledge that the penalty for violating this law is a fine or imprisonment or both. Any improper payment should be immediately reported to the Company's CEO or appropriate Board Chairman.
Ralph Hutchinson March 10, 2013 at 04:15 pm
How could the FDIC rule "no unusual activity noted" in the March 2011 report to congressRead More with what appears in my opinion to be straw borrowing and straw buying, going on? This appears to be a cover-up of your mistakes on 101 Houseco, LLC at IndyMac, selling Bijian Madjlessi's less than arms length friend James House a $30+ million property for $5 million and costing the taxpayers 10's of millions and accepting TARP proceeds from Sonoma Valley Bank. Then missed Lending Limit Violations for years before the bank failed on your MERIT program examinations. Also attaching the recent Federal Bankruptcy Judge ruling where he declares SVB solicited Frieberg to fraudulently pledge assets he knowingly had no right to pledge in an effort to "mislead bank examiners" as the Judge determined? No unusual activity? Come on! See page 57 on link ---> http://www.fdicoig.gov/semi-reports/sar2011mar/OIGSemi06-11.pdf
Ralph Hutchinson March 26, 2013 at 03:56 pm
RUMORS of DISGRUNTED PERSON: Recently an old rumor arose about my being a former disgruntled personRead More who applied for a job at Sonoma Valley Bank and didn't get it is the motivation for my relentless pursuit of Truth. This surfaced January 2011 when Steve Page former Director of Sonoma Valley Bank and current Exec at Infineon Raceway and supporter of Jazzfest etc. described me as bitter in a Press Democrat Letter to the Editor when the first of a trilogy expose stories first broke about the true cause of Sonoma Valley Bank's failure. THE TRUTH: I was asked to conduct a Management Assessment for the Credit Department by Sean Cutting then Senior Lender. Mel Switzer then President was also involved. You can imagine my conclusions in 2007 of which I still have a copy of the report I issued. After the report was issued, Sean Cutting approached me and offered me a position at Sonoma Valley Bank to try to shore up Credit Administration since I was a former 20+ year Bank Examiner. I declined the offer. I kept all the emails between Sean and myself and still have them. Just like I have the emails to Lynch and Bolling failing to write the truth as they were being tipped or when I was editing Lynch's stories when the bank first failed. What I write is Truth for the Shareholders, and countless Sonoma Citizens who can't get straight news from the Index Tribune. For that, I pay a price of attempted character attacks. Know this, only the Truth will set them free.
Bijian Madjlessi mug shot from Insurance Fraud indictments
sal nero October 30, 2013 at 01:42 pm
Cartoon explains they way a big shot does business with Sonoma Valley Bank andRead More sub-contractor-unwitting strawmen. http://www.youtube.com/watch?v=04tvx-q0riw
Former Sonoma Valley Bank at its Height of Fame and Fortune
Ralph Hutchinson October 25, 2013 at 03:12 pm
The FDIC shows just over $19 million in claims against SVB as shown taken off the FDIC websiteRead More compared to the $12 million sought after in the suit. The insurance is believed to be $15 million less $3 million already blown on legal defense fees. Many wonder if the deficiency plus legal fees might be sought personally from the directors with deep pockets?
Ralph Hutchinson October 25, 2013 at 03:14 pm
Here is the link to FDIC loss to the deposit insurance fund.Read More http://www.fdic.gov/about/strategic/report/2010annualreport/AR10appendix.pdf
sal nero October 25, 2013 at 03:17 pm
With the amount of shenanigans that took place at Sonoma Valley Bank is there any real doubt as toRead More the fate of the Directors?
Sean Cutting President of Sonoma Valley Bank
M Cunningham October 17, 2013 at 10:11 am
Now where are all those cute little cartoon videos? We need some new ones to bring this drama toRead More life!
Ralph Hutchinson October 17, 2013 at 01:45 pm
There is a separate blog housing a copy of the complete pdf file of the Court case in Federal CourtRead More for all to read.
Ralph Hutchinson October 18, 2013 at 10:44 am
LInk to blog from last year proves the Federal Judge and bloggers before him were onto the truth.Read More Now its revealed by the FDIC. LINK---http://sonomavalley.patch.com/posts/bp--sonoma-valley-bank-loan-shenanigans-exposed/edit
M Cunningham October 18, 2013 at 09:33 am
Read more insight from a blogger who has been covering this story in depth from the beginning. YouRead More can piece together between the FDIC document and these "insider" details. LINK----http://sonomavalley.patch.com/groups/ralph-hutchinsons-blog/p/fdic-sues-sonoma-bankers_49a18a37
sal nero October 18, 2013 at 10:06 am
This lawsuit, as well as a completely unrelated Federal Bankruptcy case of Jeffrey Freiberg (linkedRead More below), shows the absolute disregard Directors and Officers of Sonoma Valley Bank had for their Bank and its shareholders, employees and customers. The same kind of story of disregard for process and violating THEIR OWN POLICIES by colluding with Freiberg go to a pattern and practice of what appear to be bank fraud and illegality. Many people in town depended on that bank. I would like to see severe sanctions including jail and fines that tell future bad actors "don't break the law !" And excuse me but weren't we lied to all along and especially afterward in the local press? ----------------------- http://www.leagle.com/decision/In%20BCO%2020120703790
sal nero October 18, 2013 at 04:07 pm
A couple of interesting quotes from the FDIC Attorney are------------------------- "this caseRead More is in its infancy." and "...Moreover, in its February 5, 2013 Order After Hearing On Defendants' Demurrer, this Court has already ruled that Plaintiffs lack standing to litigate their claims holding that "[s]tanding for such an action lies solely with the FDIC. ..."----------------------------What conclusions can we draw ? Well, The defendants sought shelter behind a defense that claimed that basically it was only the FDIC who had standing to settle which seemed to have resulted in an attempt to end run the very FDIC they said had standing to settle with the class for much less than the $12 Million the FDIC wants. Bad idea. Now the the FDIC attorneys are PO'd. And what about when SigTarp shows up looking for their $8.7 Million? And what happens when the US Grand Jury finishes with this? Are they just going to let it go?
Ralph Hutchinson June 27, 2013 at 10:15 am
From a bank perspective the Rental income from the Radio/TV paid for one building, and the Sun NewsRead More paid for the other building. Since both buildings were foreclosed upon obviously there were breaches of contract, and ultimately defaults significant enough to warrant foreclosure action by Westamerica Bank. Not certain if these were cross-collateralized and payment streams comingled but one can only assume the Sun News was the stronger of the two operations. The statement by Sonoma Sun News that they will have to seek new facilities and asked the readership to name alternative locations and contact the business office is odd unless the lease is short term in nature. Otherwise if they paid on time and had a lease nothing changes except they pay lease payments to the bank in foreclosure rather than Bill Hammett the previous owner. But based on my estimations, the Radio/TV station is the operation that is severely hemorrhaging and the part that brought down the whole conglomerate resulting in foreclosure. The Banks don't like dealing with FCC licenses at radio stations or TV stations as they are difficult to take possession on and then to liquidate. Westamerica likely gave Hammett a period of time to find a suitable buyer for the operation and that will require making substantial changes in programming, personalities, and advertising revenue. The fact that Mayor Ken Brown left may be part of those major changes but in the wake of his departure there is quite a dark hole and as said earlier if Brown and Pappas are still the primary business developers, its questionable if they have the talent, connections and horesepower to pull the Radio/TV Station from the Jaws of Death. If Darius Anderson doesn't come forward its difficult to see another interested party locally but one never knows, Sonoma has some great people with deep pockets. This is what makes me think there were discussions between Hammett and Anderson in the months leading up to foreclosure for both the real estate and the operations themselves. Time will tell on this one...I for one will be watching closely.
sal nero June 27, 2013 at 10:16 am
Its kind of like the Bailey Building & Loan against old man Potter's Bank. We need it if forRead More nothing else than to counter the great and power man behind the curtain. They don't stand much chance but I hope Hammett can keep the stations. I hope people realize they need ad revenue...
Ralph Hutchinson June 27, 2013 at 11:00 am
If the radio/TV station needed new or used equipment for operations, either the banks or the vendorsRead More selling the equipment would typically be happy to lend or lease the equipment. My guess if the financial condition is such that financing is just not available through either traditional source and thus they are turning to a fundraiser concert. Its questionable what is essential equipment but my guess is they must need this to go out and try to raise money at a time like this rather than plow the funds into operations.
Ralph Hutchinson May 10, 2013 at 10:45 am
Is Protecting Sonoma defacto Chamber of Commerce? Believed to be Protect Sonoma Committee Members:Read More Nancy Simpson - Owner Simpson Wine Partners with husband - wine sales Dana Adams - Real estate and former broadcast journalism Mark Danon - Broadcast journalist (partner with Adams) Lisa Cavalli - B&G Club Board, event coordinator Ethel Daly - Former executive with Charles Schwab Gene Daly - Realtor Gary Magnani - Commander American Legion Post Jean Arnold - High end Wine industry consultant Mike Marino - Owner of California Wine Tours Limousine Chip Allen - Former Chamber of Commerce President, Estate attorney Jeff Bundschu - Winery owner Saul Gropman - Owner of Cafe la Haye Tina Shone - Realtor  Nancy Kline - Owner of Kline Cellars Gary Saperstein - Tour company owner Steve Burns - Wine marketing consultant Is this group really concerned about the quality of life of the average Sonoma resident? 16 people here, plus 5 hoteliers (Parks et al), plus Darius, oh and City Council what's that 27? Hardly enough to stop The People.
sal nero May 10, 2013 at 11:10 am
Purveyors to the 1% want the the average guy to stay under their boot heel. Cool. This list ofRead More people think people have forgotten: UGB passage 1999- Measure A/Rosewood Hotel 2003- Darius Anderson/COWS NOT CASINOS on Hwy 37 2006- Measure C Eminent Domain Hospital/Leveroni Land Snatch Failure 2010- Sonoma Valley Bank Failure/Bankers' lies documented in FEDERAL BANKRUPTCY COURT DOCS 2012- Sonoma Tourism Improvement District And now this. And coming soon- SDC LAND SNATCH BY those pesky newspaper/casino guys.
Rock Fan July 13, 2013 at 10:21 am
Anybody want to come up with a new location for the station ? Anybody ?
Ralph Hutchinson April 5, 2013 at 01:57 am
Boxer, Darius and Shady FIGR Indian deal haunts her. Link --->Read More http://www.pressdemocrat.com/article/20101012/OPINION/101019928?p=1&tc=pg
Ralph Hutchinson April 19, 2013 at 10:46 pm
Archived article Cows Not Casinos 2003 where Bill Lynch wrote against Darius Anderson's casino heRead More tried to wedge into Sonoma Valley. One article at a time the grassroots will restore the important archives from 1999 Rosewood Hillside Hotel, 2003 Cows Not Casinos and 2010 Sonoma Valley Bank. Link ---> http://web.archive.org/web/20030506222907/http://sonomanews.com/articles/2003/04/24/news/editorial/letters01.txt
Ralph Hutchinson April 23, 2013 at 12:24 am
Lost IT archives: circa 2003 Article announcing intent to build a casino, 4/25/03:Read More http://web.archive.org/web/20030506220247/http://sonomanews.com/articles/2003/04/24/news/front_news/news01.txt Editorial (Bill Lynch) in same issue “Casino is a Nightmare”, 4/25/03: http://web.archive.org/web/20030506222907/http://sonomanews.com/articles/2003/04/24/news/editorial/letters01.txt “Petaluma joins casino opposition”, 6/3/03 http://web.archive.org/web/20030619001956/http://www.sonomanews.com/articles/2003/06/03/news/topstories/news01.txt Several letters to the editor opposing the casino, 6/3/03: http://web.archive.org/web/20030603185243/http://www.sonomanews.com/news/editorial “Sonoma to pay for sins of white settlers” by Bill Lynch, 6/10/03 http://groups.yahoo.com/group/NatNews/message/29638?var=1 “Anti-Casino group plans Napa forum” (may be important as it mentions state politicians close to Anderson), 07/21/03 http://web.archive.org/web/20030811010011/http://sonomanews.com/articles/2003/07/18/news/430/update02.txt "Supes vote against Casino” (article not accessible, only headline), 10/23/03 http://web.archive.org/web/20031023204213/http://sonomanews.com/ “Top Ten Stories of 2003” (Casino defeat is #1), 12/30/03 http://web.archive.org/web/20040818090652/http://www.sonomanews.com/articles/2003/12/30/news/top_stories/news01.txt All online IT Archives missing
Judd Ames April 6, 2013 at 05:19 pm
"These people aren't oppressed today like perhaps they were in the 1800-1900's." Perhaps?
Judd Ames April 7, 2013 at 03:00 am
@Lawal "Judd, I have a hard time following your line of thought." My bad. I understand,Read More now. I failed to put quotation marks around the entire text. All the information is from attributed source; none mine.
Ralph Hutchinson April 19, 2013 at 10:49 pm
Archived article Cows Not Casinos 2003 where Sonoma Index Tribune editor Bill Lynch wrote againstRead More Darius Anderson's casino he tried to wedge into Sonoma Valley. Funny how a few years you can be business partners? One article at a time the grassroots will restore the important archives from 1999 Rosewood Hillside Hotel, 2003 Cows Not Casinos and 2010 Sonoma Valley Bank. Link ---> http://web.archive.org/web/20030506222907/http://sonomanews.com/articles/2003/04/24/news/editorial/letters01.txt
Ralph Hutchinson March 18, 2013 at 10:42 am
The IT is covering up Cows Not Casinos, Measure A, Measure C news archives all to protect cronies inRead More the Chamber of Commerce circle and now to help the new "boss's" Chateau Sonoma hotel project in my opinion. These "Elites" think they can treat the Sonoma people like mushrooms...keep em in the dark and keep feedin em crap! I predict they're about to find out Sonoma is very different.
Ralph Hutchinson April 5, 2013 at 12:59 am
New blog History Repeats Itself Chateau Sonoma is Rosewood Hillside 1999. Read the similarities andRead More appreciate the value of news archives since the Index Tribune and Darius Anderson sppear to want us all to forget. Link---> http://sonomavalley.patch.com/blog_posts/history-repeats-itself-chateau-sonoma-vs1999-rosewood-hillside-hotel
Ralph Hutchinson April 19, 2013 at 10:45 pm
Archived article Cows Not Casinos 2003 where Bill Lynch wrote against Darius Anderson's casino heRead More tried to wedge into Sonoma Valley. One article at a time the grassroots will restore the important archives from 1999 Rosewood Hillside Hotel, 2003 Cows Not Casinos and 2010 Sonoma Valley Bank. Link ---> http://web.archive.org/web/20030506222907/http://sonomanews.com/articles/2003/04/24/news/editorial/letters01.txt
Ralph Hutchinson April 22, 2013 at 04:14 pm
Interesting to note Farhad Hariri (Bijian's in-laws) foreclosed on by Westamerica Bank one of theRead More old Sonoma Valley Bank crony loans. On April 12 Farhad and Mojgan Hariri had APN 035690049000 deed transfer on document 2013037765. This data was searched on Sonoma County Recorder Real Estate Index.
Ralph Hutchinson May 2, 2013 at 12:37 pm
FDIC Office of the Inspector General re-opening the "No Unusual Activity" declaration inRead More the March 2011 Semi-Annual Report to Congress page 62 after cover-up complaints filed. Perhaps something slipped through? Perhaps there really are issues worthy of reports? Link ---> http://www.fdicoig.gov/semi-reports/sar2011mar/OIGSemi06-11.pdf
sal nero May 2, 2013 at 04:22 pm
Bank fraud was all "thin gruel" remember? Just ask the SVB boardmembers who signed thisRead More fairy tale of a letter. http://www.northbaybusinessjournal.com/24843/commentary-sonoma-valley-bank-directors-devastated-by-fdic-seizure/ Director Page later complained in response to an investigative journalism article about SVB bankers' misdeeds in the OLD Press Democrat ... "EDITOR: I am a former director of Sonoma Valley Bank. The board and management of that institution are as fine a group of individuals and community leaders as I could ever hope to be associated with. ..." http://www.pressdemocrat.com/article/20110126/OPINION/110129662/0/SEARCH?p=3&tc=pg Look how proud he is. But a few months later the OLD Press Democrat continued their scathing expose' and the de facto SVB spokeman, Page, goes silent. Then we find out that from US Bankruptcy judge Alan Jaroslovsky's "memorandum of trial" in 2012 that in another case "The 2010 transaction at least appears to the court to be an attempt by Freiberg and the officers of Sonoma Valley Bank to mislead bank examiners." http://sonomavalley.patch.com/blog_posts/sonoma-valley-bank-loan-shenanigans-exposed#pdf-13413718 Then in early 2013 The SVB President and CEO Cutting and a loan officer are fined and banned from the industry for life. "FDIC bans two Sonoma Valley Bank officers" http://www.pressdemocrat.com/article/20130129/BUSINESS/130129490/0/search Now comes more reports of a deeper examination of fraud? ... ...
Ralph Hutchinson February 19, 2013 at 09:06 pm
Additional violation cited. In addition to the two violations in the article, Westamerica Bank alsoRead More failed to initially place the complaint letters written in Spanish into the Public File (wasn't that convenient?). Grassroots Members created copies of all letters prior to mailing and immediately produced them to Federal Reserve Bank investigators. Subsequent requests for Public Files demonstrate they are now in file as per CRA regulations. Did Westamerica bank management forget? Was it intentionally omitted because it may have been damning? Either way, the complaints were registered with appropriate authorities and Westamerica Bank held accountable. Now the Public, Sonoma Valley, knows the truth behind the struggles with ensuring CRA disclosures are enforced fairly throughout our Valley.
Ralph Hutchinson February 19, 2013 at 09:12 pm
Why would Westamerica Bank omit only those letters written in Spanish? Are they targetingRead More minorities and Latinos in particular? Did they think somehow these letters were less "important?" Did they think only complaints in English count? CRA and Fair Lending laws clearly require banks to speak in the languages of their assessment areas whether it be English, Spanish, Chinese, Japanese, Tagalog, Vietnamese, etc.
Ralph Hutchinson March 1, 2013 at 04:02 pm
Early reports are repeat violations of failure to provide copies of the CRA Public File areRead More surfacing and in process of being filed with the Federal Reserve Bank of San Francisco. If this is the case they will carry forward into the next CRA Public Evaluation and Safety & Soundness Report as the clock srate over after April 2012. Regulators are quite critical of repeat offenses of the same violations evidencing either blatant disregard for corrective actions or incompetent Managment.