Crescent Banking Company (fka CSNT)

[HDOGTX]

CSNT hit radar, bank stock, ave vol 5k, today 100k, hitting new 52Highs.....

CSNT Security Details
Share Structure
Market Value1 $161,629 a/o Oct 23, 2013
Shares Outstanding 5,387,647

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

Entity StatusActive/Compliance
https://cgov.sos.state.ga.us/Account.aspx/ViewEntityData?entityId=837119

Maybe Recovery coming??????

On July 23, 2010, the Georgia Department of Banking and Finance (the “Georgia Department”) closed Crescent Bank and Trust Company (“Crescent Bank”), the wholly owned commercial banking subsidiary of Crescent Banking Company (the “Company”), and the Federal Deposit Insurance Corporation (the “FDIC”) was named as the receiver of Crescent Bank. The Company’s principal asset is the common stock that it owns in Crescent Bank, and, as a result of the closure of Crescent Bank, the Company has very limited remaining tangible assets. As the owner of all of the capital stock of Crescent Bank, the Company would be entitled to the net recoveries, if any, following the liquidation or sale of Crescent Bank or its assets by the FDIC. However, at this time, the Company is unable to provide any assurance that any recovery will be realized by the Company or the timing of any such recovery.