IS THIS ANOTHER SIGN OF "THE END TIMES"???
Integrity Bank of Alpharetta, Georgia was supposedly based on "Christian principles":
Integrity is the second financial services firm with a Christian-centered theme to soar at one point only to crash and burn. HomeBanc Mortgage Corp. last year sought bankruptcy protection after it ran out of money.
Integrity’s employees regularly prayed before meetings or in branch lobbies with customers, while the bank gave 10 percent of its net income to charities.
“We felt if we prayed and obeyed God’s word and did what He asked, that He would help us be successful,” the bank’s founder, Steve Skow, told the Journal-Constitution in 2005.
We learn in another publication that Jeebus apparently wanted very highly-paid executives:
Executives at the bank were some of the highest paid in the metro area. The bank’s top two executives earned $2.8 million combined in 2006, according to Integrity Bank’s 2007 proxy statement. Senior executive salaries, the bank’s compensation discussion and analysis section states, relied heavily on lenders and executives growing the total loan portfolio, with few incentives for credit quality.
CEO Steve Skow earned $1.8 million that year, while senior lender and executive vice president Doug Ballard earned $847,222. A typical community bank CEO, banking consultants said, earn roughly $300,000 per year.
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