A Letter from our President & CEO
- John Poole

September 30, 2008

Dear Carolina Alliance Bank Customers and Friends:

Given the disruption in the financial markets due to continuing fallout from the mortgage and real estate “crisis” and especially in light of the rejection of the Emergency Economic Stabilization Act of 2008 yesterday by the U.S. House of Representatives, I wanted to provide a brief update to my July 25th letter.  The national media has done a poor job, in my opinion, in getting out information that is totally factual, is not riddled with “hype,” and is understandable.  Even the past week’s discussions and debates of the market stabilization plan by and between elected officials and regulators have been difficult for bankers and financial experts to understand and nearly incomprehensible for many American citizens.  Our July 25th letter was quite detailed and the purpose of this letter is not to repeat it, but to highlight a few key points from that letter and to provide updates as appropriate.                         more >>