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NSFC: Merged with First Midwest Bancorp, Inc. (FMBI); Shareholders will receive 0.0363 shares of common stock of First Midwest Bancorp, Inc. (FMBI) for each share of common stock of Northern States Financial Corporation (NSFC), with cash in lieu of fractional shares.
FINRA deleted symbol:
http://otce.finra.org/DLDeletions
NSFC latest news is the merger deal. Havent seen anything on a price per share for it. Has anyone seen what the deal is for the merger.
WOW Volume today was 1,029,488 shares.
NSFC an awesome little bank
NSFC been going sideways for awhile. Which direction is next.
WERE FREE WAY TO GO NSFC. Federal Reserve Release. The written agreement between NSFC and the Federal Reserve Bank dated March 17 2011 has been terminated. ITS OVER WERE FREE AGAIN.
The Written Agreement between the Company and the Federal Reserve Bank dated March 17, 2011
http://www.federalreserve.gov/newsevents/press/enforcement/enf20110322a1.pdf
http://www.federalreserve.gov/releases/h2/20160206/default.htm
Northern States Financial Corporation, Waukegan, Illinois -- written agreement issued March 17, 2011, terminated January 22, 2016.
-Announced, February 2, 2016
Earn 18% more with a NorStates Bank money market1
http://www.datatrac.net/rates/NorStates_Bank?MarketID=397&Cls=money%20market&Bank_Product_Standard_OID=37&tmpl=1
NorStates Bank's rate for a money market at $2,500 beats the Antioch, IL average by up to 18% and is eligible for a Datatrac Great Rate Award and earning you as much as $1 over the life of the deposit.
Datatrac Great Rate Award
http://www.datatrac.net/GreatRateAward.aspx
What are Datatrac Great Rate Awards? Datatrac Great Rate Awards certify that deposit and loan rates offered by financial institutions outperform the market average for comparable products and terms.
Who is Datatrac? Datatrac is an independent, unbiased research firm that specializes in compiling banking industry data and analyzing performance of deposit and loan products. We maintain America's largest database of interest rate data available to consumers with 1,648,658,012 current and historical rates for 168,778 banking locations in 19,435 local, state and national markets across North America as of Monday, March 14, 2016.
NSFC looking good for this week
I got faith in you NSFC
Cmon NSFC you can do it
Time to retest the 52 week high of $0.70
Non performing loans were reduced 60.7%
Increased its loans 8.3% to $237.3 mil dollars
Assets of the company increased 15% to 485.3 mil dollars
Per share book value at Dec/31/2015 was $0.64 per share
News out YEAH. Debt way down, earnings are up amount of loans have increased. GO BABY GO
Has anyone noticed NSFC has a new website up. The old one was all blue colors.
https://www.norstatesbank.com/about-us/careers.html
Looking good today NSFC
Page 5 shows it for sale at $1,000,000.00 http://richmond-il.com/pdf/property/Available_Listings_Sale-Lease_Jan-2016.pdf
The same company that sold the 2.14 mil dollar property has a bigger one up for sale for Norstates. Hopefully that one will sell soon to. Marcus & Millicap has the Stone Oak Crossing property listed on their website. Its a 150 townhome building site. Scroll down to about the 3rd section. http://www.marcusmillichap.com/about-us/agents/tami-andrew-tandrew-1
And back in April 2014 Tracy Cross and Associates did a Residential Market Analysis on the property for Norstates.
http://ricklevin.com/Libraries/Auction_Item_Documents/Richmond_-_Market_Analysis.sflb.ashx
Shown on page 11
Total Raw Entitled Lot Revenue $3,864,750
Total Discounted Liquidation Revenue $1,545,900
YEEEEEEEEEEESSSSSSSSS THE NEW NSFC BRANCH OFFICE IS OPEN.
New Look at NorStates Bank Branch
March 1, 2016
http://theyoujournal.com/2016/03/new-look-at-norstates-branch/
City of Waukegan officials and bank officials join recently for a ribbon cutting re-opening the NorStates Bank branch on Monroe Street in downtown Waukegan. –NS Bank photo
The downtown Waukegan branch of NorStates Bank has undergone a facelift after the bank recently sold the building on Madison Avenue across from the Lake County Courthouse. The bank is leasing back the ground floor space that has housed the branch for years. Norstates recently hosted a grand reopening of the branch attended by city officials and bank executives. New improvements include new entrance at 212 W. Madison Avenue, interior remake and new sidewalk. – Staff report
Man they just got be ready to release the fins by now. Scott told me in January they should be out around the 15th of Feb. Were 3 weeks past that already. Must be something really good coming if their holding onto them this long. Must be waiting for something else to put out at the same time. Wander if that investor presentation brought some good news for us. Sure could get interesting real fast around here.
And gave a presentation at an investor conference in California
NSFC most current events.
1) Has been getting more profit every quarter.
2) Has been paying off old negative debt every quarter.
3) Sold a property for 2.14 million dollars.
4) Stated in last press release they would continue to sell property and pay off old debt to further strengthen their bottom line.
5) Will be opening up a new branch office on the location that they sold. They will be leasing the new property for a 25 yr lease agreement.
NSFC should be giving us the latest news anytime now. Scott told me about 4-5weeks ago the fins had been at the auditors office getting done and should be out around the 15th which as we all know has passed already. And the contractor told me the new branch office would be open at the end of Feb. Which is where we are now. Don't know if maybe they are waiting for the branch to open and give us the fins all in one press release or what but kind of thinking that may be the case here. GO NSFC
For those who didn't know it. On 2/3/2016 - 2/4/2016 FIG Partners LLC put on an investors conference and Northern States Financial Corp not only attended but gave a presentation at the conference.
http://www.snl.com/IRWebLinkX/calendardetail.aspx?IID=4073343&Key=34939&KeyType=3
Things going on behind the scenes here for us. Fig Partners LLC. is the same company NSFC used to raise the $25,000,000 FORM D back in 2014.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9969564
12. Sales Compensation
Recipient Recipient CRD Number o None
FIG Partners, LLC 41554
290,000 buys and only 30,000 sells today. GO NSFC http://ih.advfn.com/stock-market/USOTC/northern-states-financial-corp-pc-NSFC/trades
NFSC mobile app. Updated: Feb 11, 2016
https://itunes.apple.com/us/app/norstates-bank-mobile/id1071416467?mt=8
Hope everyone has a good weekend
I can't wait to see the financial report come out. Scott told me it would be out around the 15th a couple weeks ago. So we should be seeing it anytime
Someone bidwacked 570 shares to drop it to .60 but two trades went through after that one for 55,000 shares each at .62 and a FORM T for .63 so we should be at .63 at the open tomorrow. http://ih.advfn.com/stock-market/USOTC/northern-states-financial-corp-pc-NSFC/trades
NICE DAY TODAY NSFC.
Financial report should be out by the 15th. So we should be seeing it probably today or Monday.
Another 250,000 share buy. That's $300,000 bucks. Bring on the financial reports
WOW someone just bought $151,250 worth of NSFC at $0.605 WOOHOO
Just hard to believe that 160,600 shares have traded today all at $0.59 and not one of the 1000 shares on the ask at $0.619 have sold.
Made a few phone calls about a couple things. First thing is they had a couple setbacks with the new construction but everything is good and the new branch will be open this month. Second thing is that the auditor has had all the paperwork and is running a bit behind because of tax season but they should be out shortly. Just wanted to let folks know what the latest updates were
MACD starting to turn up. We should be seeing some buys at the ask soon.
Sure would be nice to see them come out next week.
NSFC should take off soon. Can't wait to see the year end financials come out. Gained every quarter last year. And the property sale for 2.4 mil should have been enough to have really cleared out old debt to make the books look AWESOME
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