Fortune Bank President Interviewed In Washington Manufacturing Alert 2010 Preview Issue.
David Straus, President and CEO of Fortune Bank, said bank customers who avoided becoming highly leveraged during the recent economic downturn will fare well with their banks in 2010 and will be able to take advantage of depressed real estate prices to buy the buildings they occupy. "Banks have been getting back to the basics in understanding the cash flow of the borrower and being clear about their first source of repayment and their second source of repayment," he told the publication. Washington Manufacturing Alert is published 24 times a year by Bill Virgin, formerly a business writer at the Seattle Post Intelligencer. Straus was the only banker quoted in the issue. To subscribe to an online or print version contact www.manufacturingalert.com.