TAMALPAIS BANK SOLD $28.3 MILLION IN NONPERFORMING LOANS

Tamalpais Bank sole $28.3 million in nonperforming loans
SAN RAFAEL — Tamalpais Bank finished the sale of $28.3 million in “substandard-performing and nonperforming loans” to an undisclosed third-party financier for $15.4 million, or a bonus of 45.6 percent, according to a regulator filing currently by the bank land company, Tamalpais Bancorp.

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Tagged as: $28.3, Bancorp, Bank, Bank Holding Company, Bay Business, Investor, loans, Million, nonperforming, Nonperforming Loans, North Bay Business Journal, San Rafael, sold, Tamalpais, Tamalpais Bank, Third Party