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100 WAYS: #34 Watch Out for Unsound Banks
– July 7, 2010
The recent wave of bank failures has led many companies to take a closer look at how, and where, they invest their idle cash. Investors can guard against this possibility by conducting a thorough check of a bank’s or savings and loan’s four most recent quarterly statements.
It is often a wise idea to spread the risk by keeping your extra cash in several different institutions over a diverse geographic location.
Walker Coburn
318.429.2109
wcoburn@hmvcpa.com
Walker is a Senior Auditor in our Shreveport office. He received his Bachelor of Administration in Accounting and a Masters of Accountancy from Millsaps College in Jackson, MS. Prior to returning to his hometown of Shreveport and joining Heard, McElroy & Vestal, Walker worked for KPMG in Jackson and Memphis, and more recently as a financial reporting advisor for FedEx Corporate.
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