The Chairman and CEO of CapitalSouth Bancorp (symbol: CAPB)—the company whose tangible book value per share has declined 50% during the past 12 months, whose bank is now only adequately capitalized, whose non-performing assets are now 7.79% of total loans—is named W. Dan Puckett.
What a coincidence! A director at Integrity Bancshares, Inc. (symbol: ITYC), another regional bank in the southeastern U.S., is named Charles J. Puckett.
TheStreet.com recently described Integrity Bancshares as Georgia’s worst bank. “Integrity Bank had the worst asset quality on the list, along with the weakest capital ratios.” Integrity Bancshares was delisted from NASDAQ in March 2008.
W. Dan Puckett. Charles J. Puckett. Do these guys belong to the same (criminal) “Family”?