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Local bankers say business as usual

www.impactnews.com

“The only thing that we have noticed is just the area in general has slowed down as far as the development of new projects,” said Barry Haag, president of First Texas Bank of Georgetown. “We haven’t had any negative financial impact on our bank.”
Central Texas banks and credit unions have avoided problems arising from the national credit crisis because most were not involved in subprime lending — the high-risk practice of loaning money at high interest rates to individuals with poor credit — that caused national banks to struggle in recent months.

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