Sandler O'Neill Partners

Alarm bells for CRE lenders after Bank OZK's bad quarter

10/19/18

The company is facing criticism after a big chargeoff on two properties, showing that investors have little patience when a risky business model shows signs of distress.

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Small banks pool their subordinated debt to reassure investors

03/26/18

An affiliate of the private-equity firm Angel Oak is packaging bank-issued sub debt to minimize risk for bondholders. It recently completed its first securitization and has plans to issue two deals a year.

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