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Enterprising Investor

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Re: 56Chevy post# 191

Tuesday, 12/17/2013 9:07:29 AM

Tuesday, December 17, 2013 9:07:29 AM

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A BHC owns stock in its subsidiary banks.

Albina Community Bank needed capital. The BHC could not provide additional funds, so OPCB invested in the subsidiary bank. Basically, ACBC and OPCB now have joint ownership in the bank.

ACBC owns 9.9 percent, while OPCB owns 90.9.

ACBC needs to restructure its balance sheet. The most likely course of action will be Chapter 11 with the investment in the subsidiary bank being sold in a Section 363 sale.

What does this mean? Sell!

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

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