Blog > Blog > Other Topics > Financial Issues > Pulaski Bank takes one on the nose

September 10, 2008 at 9:46 am

Pulaski Bank takes one on the nose

by Matt Kastner

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The Post Dispatch is reporting that local Pulaski Bank just sold it’s shares in Fannie Mae in the wake of the government bailout for an after-tax loss of $5.2 million. Not the kind of news you want to hear when you are hoping to see some of the local boys loosen up the lending reins. Check out the story for more.


Matt Kastner is the owner/broker of Threshold Investment Properties in St. Louis, Missouri. When he isn't representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business for over four years. Email Matt


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