Bank of Akron NY (fka BARK)

[Renee]

BARK: Merged with CNB Financial Corp (CCNE); Shareholders of Akron will have the right to elect to receive, for each share of Akron common stock, either (x) $215.00 in cash or (y) 6.6729 shares of CNB common stock (CCNE). Elections will be subject to proration procedures whereby at least 75% of Akron shares will be exchanged for CNB common stock.

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[56Chevy]

How healthy is this bank? Very!

Asset, deposits and loans are all on the rise. NPA's were never an issue.

No TARP.

TBV in late 2013 was $83.38

LTM EPS at the end of 2013 was $5.89

LTM P/E was 5.64 based on Mr. Markets pps of $36.

All NY Banks on average sell at a P/E of 16.27.

BARK at a 16.27 P/E would be $91.76@ share.

O/S count is 300,000

Texas Ratio (includes TDR's) is: 11.55%

P/B is 0.35%

...value found.

*This bank almost never trades...holders just don't sell and information is nearly impossible to get. I will check the FFEIC reports but for now Banktracker is all we have.

http://banktracker.investigativereportingworkshop.org/banks/new-york/akron/bank-of-akron/

Marker:
Bank Of Akron (ny) ( (BARK)
$39.00 0.0 (0.00%)
Volume: 0