Honor State Bank - Wholesale
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In a press release distributed today, Honor State Bank of Richmond Indiana announced the immediate closing of it's wholesale lending department. Effective today no new applications will be accepted. The closure of this unit will layoff approximately 10 employees.
In the wholesale lending business since 1988, Honor State Bank did business in 14 states, and peak volume of $35 to $40 million per month in better times.
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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.