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PremierWest Signs Fed Reg Agreement
JUNE 11, 2010

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Third Capital-Raise Attempt Could Prove Toughest for PremierWest

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The Medford, Ore., company raised $18.7M in a rights offering in March and $14.6M in a public offering in April. Yet it warned when announcing its second-quarter results that it ...

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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