EBANK Financial Services Inc. (fka EBDC)

[Renee]

EBDC FINRA deleted symbol:

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

[Renee]

EBDC SEC Suspension:

http://www.sec.gov/litigation/suspensions/2015/34-74398.pdf

Order:

http://www.sec.gov/litigation/suspensions/2015/34-74398-o.pdf

[kranthikumar]

EBDC is smells like a winner

[hestheman]

Thanks SuperC...I will check out the thread you posted, you always provide awesome info....

[SuperC]

GM, understand the question, just above my pay grade in knowledge regarding bankruptcies :)

Seriously, not a clue.

Historically http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=7810&i=EBDC&pv=recent-symbols&pp=EBDC#&&vs=634992696983969627

Not enough to go on either... But your question provides a place for some bank holding companies to be added to another watch list.

Feel free to browse "how to spot front-loading' thread and any questions you may have.

sc

[hestheman]

SuperC....I wanted to get your take on something. I have played a few high risk bank stocks in the past but there is something that intrigues me about this particular (shell?) as well as another one I hold shares in that is in a similar situation. Here's the deal, shareholders here held shares in EBDC (which was the holding company, whose main asset was the bank). The bank was seized by federal regulators a few years back....but the holding company of a bank cannot be seized. So, what happens in most cases is federal regulators seize the bank reallocating all of the assets to another bank and leaving the holding company with all of the debt. Which, is why most holding companies file for bankruptcy soon thereafter having been seized. Ebank has never filed for bankruptcy, years after their bank being seized. It would seem creditors would have beaten their door down by now. Can you think of a reason why Ebank never filed BK? THNX. P.S. I love some of your trading methods.....I will have to ask you some questions when I get a chance.

[Kobe Ginobili]

Pink No Information 6,600 3mo. avg vol.

Investors are advised that OTC Markets Group has been unable to contact or confirm the location of this company. If you have current contact information, please complete the Update Company Information Form or send an email to [e-mail].
Financial Reporting/Disclosure
Reporting Status Bank/Thrift
Deregistered a/o Feb 16, 2007
Latest Report Not Available
Regulatory Agency Federal Deposit Insurance Corporation
CIK 0001050725
Fiscal Year End 12/31
OTC Market Tier OTC Pink No Information
Profile Data
SIC - Industry Classification 6021 - National commercial banks
Incorporated In: GA, USA
Year of Inc. Not Available
Employees Not Available
Company Officers
James Box President, CEO
Wayne Byers CFO
Company Directors
Not Available
Company Notes
Formerly=ebank.com, Inc. until 6-03
Formerly=Southeast Commerce Holding Co. until 5-99
Service Providers
Auditor/Accountant
Porter Keadle Moore, LLP
Suite 1800
235 Peachtree St., Ne
Atlanta, GA, 30303
United States

Legal Counsel
Not Available
Investor Relations Firm
Not Available
EBDC Security Details
Share Structure
Market Value1 $14,417 a/o Sep 21, 2012
Shares Outstanding 7,208,427 a/o Oct 20, 2006
Float Not Available
Authorized Shares Not Available
Par Value 0.01
Shareholders
Shareholders of Record Not Available
Short Selling Data
Short Interest 0 (-100%)
Mar 15, 2011
Significant Failures to Deliver No
Transfer Agent(s)
Continental Stock Transfer & Trust Company

[SuperC]

EBDC .012 up 300% nice move today

[clydesur]

It is moving...

EBDC

[HDOGTX]

Appears its waking again~

[SuperC]

strange seems to be the norm... and with quite a few different symbols each day.

This one may sit a while now, then move at a later date.

sc

[DenverBruin]

LAMP MM has taken every EBDC bidwhack, Weds had three total trades it appeared, all followed by mirror trades at .012. Really strange trading...

[SuperC]

EBDC.012 nice 10day Tues., 130kvs16k_vol10dayavg Up 71%.

For this to reignite so quickly [time + 10day volume], could be an excellent sign to push above .02 this time.


http://ih.advfn.com/p.php?pid=historical&cb=1264248899&symbol=ebdc

http://stockcharts.com/h-sc/ui?s=EBDC&p=D&yr=0&mn=3&dy=0&id=p81601781816


watching

sc

[DenverBruin]

MITD got a nice pop/volume today, Drakeford is the owner of EBDC and MITD...

[DenverBruin]

Dunno how many to .035, guessing 100k. After that I dunno how many shares everyone has, but it can't be many.

[Alyssa]

Yup...so teeny-tiny.

:)

[DenverBruin]

I can live with being off by 1 million, as long as I am off on the high side :)

[Alyssa]

Thanks for picking up on that and posting. Just the fact that Drakesford is keeping this company current is great news. My account shows the O/S at 7.208 million as well AND also shows the float at only 4.2 million.

:)

[DenverBruin]

Hit .02 very easily and .03 was up for a while. Sellers at .02 today were likely seeing 4 bags off just 5k shares. Think there's only afew people here with shares.

[WakingBake]

Nice day over here I see. EBDC waking up? Watched this trade on L2 today and I have to say it might be one of the THINNEST trading stocks I've seen so far.

[AliAngel]

careful though as there are a bunch of loose shares below the penny right now

[DenverBruin]

Somebody likes this one, very thin.

[AliAngel]

he has several shells right now working and I have three on alert.

[DenverBruin]

Good to know, I appreciate it!

[AliAngel]

drakeford is an IR and reverse merger specialist.Look for filings now when he gets a bunch more shares here.

[DenverBruin]

EBDC new Annual Report

OS is 7,208,427 per last filings and Market Cap is $39,646. as of .0055 close Friday, April 1.

According to http://www.insidercow.com 2,077,000 shares are owned by insiders at prices of .86 and above. Click that link and enter EBDC.


Per Georgia SOS it is Active and owned by...

WALTER HC DRAKEFORD

601 JEFFERSON DAVIS HWY
SUITE 201
FREDERICKSBURG VA 22401

http://corp.sos.state.ga.us/corp/soskb/Corp.asp?1034036

http://corp.sos.state.ga.us/imaging/18670880.pdf


Drakeford is the current Director of MITD.

http://www.mitholdingsinc.com/

http://www.otcmarkets.com/stock/MITD/company-info


According to http://www.insidercow.com 2,077,000 shares are owned by insiders at prices of .86 and above. Click that link and enter EBDC.

[Alyssa]

Fun fact: Barcharts says it's a buy.

http://www.barchart.com/quotes/stocks/EBDC

[hwllo]

Something huge going on here goes up everyday

[DenverBruin]

Could be anything really. With the OS and current PPS the market cap is about $45,000... a clean shell like this is worth twice that at bare minimum... a company with assets of $450,000 merges in here and it's fair value is .06. On speculation of greater assets it would get pushed much higher.

[RichieRich]

Any speculative ideas what Drakeford might do with EBDC? Some mergers/acquisitions?

[Alyssa]

Very interesting since when EBank was closed by the Feds, James Box was President and CEO and another guy was CFO. Drakesford had served as Chairman of the Board. Now he is President/CEO and CFO and Secretary...

Hmmm.

[DenverBruin]

Here's all I have found on EBDC, seems to be a clean, low OS, low float speculation play...

OS is 7,208,427 per last filings years back and Market Cap is $50,459. as of .007 close Friday, January 28.
Likely the reason for the volume traded and it traded very thin.


Per Georgia SOS it is Active and owned by...

WALTER HC DRAKEFORD

601 JEFFERSON DAVIS HWY
SUITE 201
FREDERICKSBURG VA 22401

http://corp.sos.state.ga.us/corp/soskb/Corp.asp?1034036


Drakeford is the current Director of MITD. MITD has an OS of approximately 7.3 times the OS of EBDC and a current market cap 85 times the value of EBDC.

http://www.otcmarkets.com/stock/MITD/company-info


According to http://www.insidercow.com 2,077,000 shares are owned by insiders at prices of .86 and above. Click that link and enter EBDC.

[hwllo]

something huge up here if stock passes .04 this will run big should gap Monday morning

[retireearly]

I just did the same and will you know if I hear anything as well...

[sloan14]

They bought all the assets, I think they are a private bank. I sent them an email on Friday to see what is going on with the ticker. I will wait to hear back.

[retireearly]

Stearns Financial Services, Inc. is an independently owned bank holding company with approximately $1.4 billion in assets. We are an online banking service provider based in the Midwest, with banks located in Minnesota, Arizona, Florida, Georgia, and a nationwide Equipment Finance Division.

We are a full service bank that offers a wide array of products and services for both individuals and businesses locally and nationwide.


•Online banking
•Personal loans
•Home mortgages
•Small business loans
•And much more
..

[retireearly]

yes, if you click on the website in the ibox, you get taken to stearns bank but I can't find anything on the website about the stock...

[sloan14]

Stearns Bank Assumes All of the Deposits of ebank Atlanta, Georgia

August 21, 2009; ebank of Atlanta, Georgia, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Stearns Bank, National Association, St. Cloud, Minnesota, to assume all of the deposits of ebank.

The sole branch of ebank will reopen on Monday as a branch of Stearns Bank, N.A. Depositors of ebank will automatically become depositors of Stearns Bank, N.A. Depositors will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use their existing branches until Stearns Bank, N.A. can fully integrate the deposit records of ebank.

This evening and over the weekend, depositors of ebank can access their money by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual.

As of July 10, 2009, ebank had total assets of $143 million and total deposits of approximately $130 million. In addition to assuming all of the deposits of the failed bank, Stearns Bank, N.A. agreed to purchase essentially all of the failed bank's assets.

Local Bank Contact: 770-863-9225

FDIC Media Contact:
LaJuan Williams-Dickerson
(Office) 202-898-3876
Email: [e-mail]

[hwllo]

EBDC looks like 1$ to me mpoves fast liek SBRH VKNG GBOED

[monda2frida]

EBDC .025 X .05 p/m

[jobynimble]

EBDC one offer at .04 and next offer at .15, hmm...

[jobynimble]

Callie9,

Go to http://www.fdic.gov and do an institutional search for ebank and you can see their latest numbers. From what I have found so far, it looks like EBDC voluntarily delisted back in Feb. 2007 to save on Sarbox accounting costs. Their caital base has grown, by the way, for the past two years, which you can see on the FDIC website and they're still very much in business...

[Alyssa]

Hmmm. Insiders are holding shares bought in the range of .80 to 2.03. As of their last filing, shareholder equity was $10.5 million, which would mean a book value of about $1.45 based on 7.2 million shares. Oh, and of their last report there were 425,500 stock options exerciseable at a weighted average price of $2.01.

Here's a link to the insider holdings scoop; if necessary, just type in EBDC.

http://insidercow.com/

Here's their last 10Q before they disappeared into pinky-land.

http://idea.sec.gov/Archives/edgar/data/1050725/000095014406010775/g04210e10qsb.htm

That's all I have time for now. Darn.

[jobynimble]

Closed the day .02 x .04

10:13:57 15000 0.03 + OTCBB
10:13:15 4600 0.03 + OTCBB
10:13:06 3000 0.03 OTCBB

Someone taking notice...

[jobynimble]

EBDC getting some attention now...

.01 x 055 on 28,100

[jobynimble]

Interesting, this was the last press release I could find from their website: http://www.ebank.com/press_05162005.html


Contact Information:
Wayne W. Byers
[phone]
[e-mail]

EBANK FINANCIAL SERVICES, INC. ANNOUNCES SIGNING OF STANDSTILL AGREEMENT
ATLANTA, GA, May 16, 2005 - ebank Financial Services, Inc. (OTC BB: EBDC) (the "Company"), announced today the signing of a Standstill Agreement with Edward L. Terry, and certain of Mr. Terry's affiliates and Gary R. Rhineheart in conjunction with Messrs. Terry and Rhineheart's filing of a Change in Control Application with the Office of Thrift Supervision ("OTS"). Mr. Terry and Mr. Rhineheart, as part of an investor group, including Mr. Terry's affiliates, Davis Terry LP, Evelyn Terry, EMT Properties, Inc. Profit Sharing Plan and Salt River Ranch, LLC, currently own approximately 15.37% of the outstanding shares of the Company's common stock, subject to the terms of a Rebuttal of Presumption of Control filed with and accepted by the OTS in May 2004.

The Standstill Agreement permits Mr. Terry and Mr. Rhineheart to purchase, individually, up to 33% of the Company's voting securities in the market, and, so long as they own at least 25% of the Company's voting securities, to elect one person as a director of the Company. Messrs. Terry and Rhineheart also have agreed not to (i) participate in any "extra-ordinary transaction" with the Company or its affiliates, (ii) solicit proxies in opposition to Company management, or (iii) to become part of a "group" with any other persons. Among other things, the Standstill Agreement provides Messrs. Terry and Rhineheart piggyback registration rights with respect to their shares of Company common stock. The Company and Messrs. Terry and Rhineheart intend to explore, subject to approval of the parties and regulatory approvals, creating a mortgage company joint venture. The effectiveness of the Standstill Agreement is conditioned on OTS approval of the Messrs. Terry's and Rhineheart's Change in Control Notice.

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21 E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including changes in economic conditions, changes in policies by regulatory agencies, fluctuations in interest rates, demand for loans and competition, the possibility and potential for a mortgage company joint venture between the Company and an affiliate of Mr. Terry and Mr. Rhineheart, the receipt of the necessary regulatory approvals, the terms and conditions of such approvals and the other risks described in the Company's SEC reports and filings under "Special Cautionary Notice Regarding Forward-Looking Statements" and "Risk Factors." You should not place undue reliance on forward-looking statements, since the statements speak only as of the date that they are made. The Company has no obligation and does not undertake to publicly update, revise or correct any of the forward-looking statements after the date of this press release, or after the respective dates on which such statements otherwise are made, whether as a result of new information, future events or otherwise.
News & Events
Code of Ethics
Account Disclosures
Employment Opportunities

SEC and TFR Filings
Press Releases
Message from the CEO
Board of Directors

[madpirate]

Whats going on with this anything. Very thin...

[WALLSTREETS]

Financial Page

http://atlanta.bizjournals.com/atlanta/stories/2002/01/28/newscolumn8.html

Bankers seek compromise over predatory lending
Meredith Jordan

When the legislative session resumes Jan. 28, Georgia Bankers Association lobbyists will be back at the table with two key issues, one GBA expects to support and the other it hopes to kill.




The first, Senate Bill 70, involves a predatory lending bill pending from the last session. The GBA supports the measure, assuming its language is similar to a bill passed in the last session.



But the association intends to fight a bill that may be introduced to prevent state-chartered banks from owning real estate brokerage operations, said Joe Brannen, president of the GBA.



"The principal bill is predatory lending," said Brannen. "Our goal is to support legislation that goes after predatory lenders -- without affecting the legitimate lenders we represent."



The bill passed the Senate last year with GBA's support after the Senate banking committee instituted all but two of the association's recommendations on the draft bill. However, the bill was too watered down for Sen. Vincent Fort of Atlanta, who introduced it. It went through the banking committee, where it underwent changes, and then passed the Senate unanimously. It is pending in the House.



Commercial Banking

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Gov. Roy Barnes has said he will introduce a bill of his own that would be a compromise between Fort's bill and one that is acceptable to lenders.



The real estate legislation, if it were introduced, would prevent state-chartered banks from owning real estate brokerage operations. A similar battle is brewing in Washington as it affects nationally chartered banks.



Brannen argues the bill isn't necessary, saying it is a federal issue. Brannen likens the national proposal as parallel to the broadening of the scope of the role of banks that came with the passage of the Gramm Leach Bliley Act. Beyond that, it's a fairness issue, he said. "Real estate companies can make loans," he said. "Why can't banks broker real estate?"



Realtors see it differently. They say a state law is needed because otherwise banks would have an unfair advantage, something that would put smaller real estate operations out of existence.


Southside bank raising cash

Georgia Bancshares Inc. hopes to raise $10 million to fund the expansion of the Bank of Georgia, a community bank based in Fayetteville that focuses on individuals and small and medium-sized businesses in the Peachtree City, Fayette County, Senioa, Sharpsburg and Newnan areas.



The bank is planning to sell as many as 800,000 shares of stock priced at $12.50 per share. However, there is no minimum number of shares that must be sold in the offering, which means proceeds will immediately be available regardless of how many shares are sold. The money would go to fund continued growth of the bank, including the opening of more branches and an increasing number of loans.



The bank commenced operations on Feb. 18, 2000, and completed its first year on Dec. 31, 2000, with more than $67 million in total assets, also posting a small profit. On July 9, it opened its first branch office in Newnan.


Kinder, gentler SEC?

It is no longer a foregone conclusion that a public company's disclosure of bad behavior to the Securities and Exchange Commission will result in an enforcement action, according to two corporate lawyers at Paul, Hastings, Janofsky & Walker LLP. Assuming the company has cooperated with the investigation, the SEC can take that into account and choose not to bring an enforcement action. An article about the shift, penned by Walter Jospin and Jim Maxson in the Atlanta office of Paul, Hastings, appeared in the newsletter of the Securities Committee of the International Bar Association.


Peachtree Capital

What is Atlanta-based Ebank.com Inc. (OTC BB: EBDC) going to do with Peachtree Capital, which it acquired Dec. 31? Leave it alone. The company plans to manage its new brokerage arm as a wholly owned subsidiary, leaving its offices where they are and its management in place, said Jim Box, president and CEO of Ebank.



Ebank's assets are in the range of $95 million. That makes it similar in size to Peachtree Capital, which has more than $100 million in managed assets. The similarity in size was one of the things that appealed to Box about the acquisition, he said.



"I wanted to have complementary service for the bank, and the brokerage services, and I wanted to get a predictable revenue stream." Peachtree brings about 2,500 accounts. About two-thirds of the financial planning and securities brokerage firm's revenue is recurring.


Independent Accolades

Jaywalk Inc., an Alpharetta-based company that provides independent investment research to institutional investors, has been trying to test its work next to the big Wall Street firms.



Investars.com, a Web-based firm that tracks Wall Street research, ran tests on Jaywalk's independent investment research alongside the investment banks'.

[WALLSTREETS]

LAST PR, this company is gearing up for the bigtime. 1.4 million shares outstanding.

ebank.com Announces Agreement To Acquire Peachtree Capital

Media Contacts:
Kay Birdsong Candler
404.351.6616
[e-mail]

ebank.com Announces Agreement To Acquire Peachtree Capital
Corporation, An Atlanta Investment Services Firm



ATLANTA, GA, December 31, 2001 – ebank.com, Inc. (OTC:EBDC:OB), a unitary thrift holding company for its federal savings bank, ebank, has announced it has reached an agreement to acquire Peachtree Capital Corporation (PCC), an Atlanta-based financial planning and securities brokerage firm serving 2500 clients with more than $100 million in managed assets. In exchange for all the shares of PCC, ebank will acquire the company using a combination of cash and preferred stock. Commenting on the acquisition, James L. Box, chief executive officer of ebank.com stated, “The acquisition of PCC is an exciting opportunity for ebank to expand its financial services products to include brokerage services, financial planning, and insurance products for our clients. With this acquisition, we have taken a major step toward realizing our goal of creating a private banking enterprise. We can now offer a complete line of financial products and services to compete effectively against the larger financial institutions, and we have the distinct advantage of being able to offer a superior level of service. In addition, we will utilize our Internet banking capabilities to deliver these products and services nationwide.”

PCC provides comprehensive investment services including personal financial planning; life, health and disability insurance; portfolio management; and financial advisory services for entrepreneurs and small businesses. Caroline O. Harless, president of PCC, says that ebank will be able to offer its customers comprehensive private banking products and lending. “The services provided by ebank and PCC complement each other extremely well, presenting an outstanding growth opportunity for both companies,” Harless says. “We have a unique opportunity to provide a broad range of investment services for our customers. PCC offers more planning and advice than a typical brokerage firm, and, because of our close relationship with Harless, Pittman & Associates, CPAs, we can advise on tax issues and planning for our combined customer base.” Following the close of the transaction, Caroline Harless will serve on the ebank.com board of directors and manage the Peachtree Capital subsidiary of ebank.com. PCC will continue to operate at its Buckhead Plaza location in Atlanta, and ebank.com will remain in its present location in the Vinings area of Atlanta.



About ebank.com, Inc.

Based in Atlanta, GA, ebank.com, Inc., a unitary thrift holding company, serves the financial needs of both retail and small business customers nationwide through its Atlanta-based banking center and the Internet. The company’s subsidiary thrift, ebank, provides a broad array of financial products and services to its small business and retail customers, including checking accounts, money markets, CDs, ATM cards, home loans, commercial loans, credit cards and bill payment services. For more information, visit www.ebank.com