California Republic Bancorp (fka CRPB)

[tigerpac]

They won't sell for less than 3x book value IMO. And as far as shareholder lawsuits, the shares are so tightly controlled that it would be hard to find someone with enough shares to go solo on it. Hollencrest Securities sold out it's entire stake in the quarter ending 9/30/12 and Zeke Capital Advisors is the only other institutional holder (as of 9/30) with 22,500 shares.

The remaining shareholders are management and those who were involved in the IPO or those who picked up a few thousand shares over the years. So sit tight and let these guys do their work. Maybe they will take a chance or two but the So Cal job market has to improve before they will really roll the dice IMO.