“If you’re a small bank in Texas or North Dakota, the risk goes well beyond drilling for oil or gas. You funded the mobile homes that workers live in, the doctor’s office and other facilities that live off the energy industry,” said Dick Bove, a banking analyst at Rafferty Capital Markets.
“There’s no question about the fact that energy is going to be a big issue for banks, particularly the ones closely associated with production areas,” he said.
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Factset: FactSet Research Systems Inc. 2015. All rights reserved.
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