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Enterprising Investor

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Re: BigCat post# 12

Thursday, 05/16/2013 9:21:59 AM

Thursday, May 16, 2013 9:21:59 AM

Post# of 34
Think of it as a one-time event.

It relates to Settlement Agreement and Release with Fifth Third Bank. Fifth Third accepted $500,000 in full satisfaction of $5,828,000 in debt.

The gain greatly enhances book value and capital ratios improve much like the BNCC's insurance recovery.

The bank is much healthier going into the second quarter.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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