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Harris Bank plays Scrooge

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Harris Bank plays Scrooge

Postby Henry Vilas » Wed Dec 21, 2011 10:23 am

Remember the banker, Henry F. Potter, from "It's a Wonderful Life"? He has a counterpart at Harris Bank, which bought out the Reedsburg Bank and plans to foreclosure on businesses even though they never missed a payment.

Up To 52 Businesses Face Foreclosure In Reedsburg

Dozens of Reedsburg area business and property owners said Monday they are facing foreclosure even though many have never missed a mortgage payment.

The move will force many owners to downsize their operations, but BMO Harris Bank's decision is perfectly legal, mortgage experts said.

Dave Gonzalez's flag-making company in Reedsburg is safe because it's financed at a different bank, but his nonprofit church in Lake Delton is in jeopardy because it didn't make enough money, Gonzalez said.
Henry Vilas
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Re: Harris Bank plays Scrooge

Postby Bwis53 » Wed Dec 21, 2011 9:48 pm

That's pretty much their record. They gave my previous business 30 days to find a new card services provider just because they decided they didn't like us. We were fine, they just didn't like us. So I got a referral from another businessman.
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