Peoples Community Bancorp gets "going concern" tag

Tue Apr 22, 2008 5:11pm EDT
 
[-] Text [+]

April 22 (Reuters) - Peoples Community Bancorp Inc (PCBI.O) said it received a going concern qualification from an independent accounting firm due to the savings and loan holding company's lack of liquidity to pay its lenders.

The company has to repay $17.5 million under an outstanding line of credit due June 30.

The West Chester, Ohio-based company said it was in talks with lenders in order to resolve the issue. (Reporting by Sweta Singh; Editing by Gopakumar Warrier)

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better