Park National seizure bad news for Pullman

Posted 11/2/2009 by Joe Zekas

The opening day of last year's Pullman / Roseland Parade of Homes was, according to the residents I interviewed there, "a great day for Pullman."

That great day was made possible, in part, by Park National Bank's commitment to the community, reports Ninth Ward Alderman Anthony Beale in the video above. We recently reported that the non-profit development arm of Park National planned to build thousands of new homes in Pullman, extending the bank's commitment.

As most of you probably know by now, Park National was one of the banks seized by the FDIC on Friday. That has to be very bad news for Pullman and other south side communities..

See more about Park National's role in Pullman and Roseland at our YouTube playlist.