Wednesday, November 11, 2009

Jobs Created or Saved!: "Pahrump bank reopens and hires back all six employees"

From the Las Vegas Review-Journal:

A branch operated by failed Community Bank in Pahrump is getting new life.

Meadows Bank, a community bank based in Las Vegas, has hired back all six former branch employees, including two who were considering jobs at Nevada State Bank....MORE

Technically this wasn't Stimulus! money. As Calculated Risk said at the time of the FDIC receivership:

The numbers for the Community Bank of Nevada, Las Vegas, Nevada are amazing. From the FDIC on Friday:

As of June 30, 2009, Community Bank of Nevada had total assets of $1.52 billion ... The cost to the FDIC's Deposit Insurance Fund is estimated to be $781.5 million....

I like the exclamation point: "Stimulus!"