Howard Powerless: The Rise and Fall of the Howard Savings Bank

In December 1989, the Howard Saving Bank shocked the financial world when it reported that it expected to report a $63 million loss for 1989. Prior to the report, the bank had reported strong earnings every quarter since it went public in 1983. In 1982, the Howard Savings Bank elected a chief executive officer, Donald McCormick. Howard Powerless tells the story of the years leading up the McCormick administration.