About Brooke Corporation
Brooke Corporation is a holding company listed on the Nasdaq Global Market under the symbol "BXXX". Brooke Corporation owns 100 percent of Brooke Bancshares, Inc., a banking organization with a federally-chartered thrift institution that operates an "agent bank". Brooke Corporation owns 62 percent of Aleritas Capital, a finance company specializing in insurance-related lending. Brooke Corporation owns 81 percent of Brooke Capital Corporation (Amex: BCP), an insurance organization with a life insurance company, an insurance agency franchisor and, subject to the closing of a merger with Delta Plus Holdings Inc., a non-standard auto insurance company.
About Generations Bank
Generations Bank is a thrift institution headquartered in Phillipsburg, Kan., with the authority to recruit banker agents throughout the country. As of June 30, 2008, Generations Bank's assets totaled more than $130 million and its equity capital totaled more than $14 million. Generations Bank is a wholly-owned indirect subsidiary of Brooke Corporation (NASDAQ: BXXX) and member of FDIC. For more information, visit www.generationsagentbank.com.
|Brooke files for Chapter 11 bankruptcy protection |
|Wednesday, October 29, 2008 02:51ET |
The abbreviated petition filed in U.S. Bankruptcy Court in Kansas City, Kan., listed assets of $512.9 million and liabilities of $447.4 million.
"If you've got a buyer, most buyers prefer to buy something out of bankruptcy court, where they get more protection," he said.
Authorized Shares: 99,500,000
Source: Other ( 04/23/2004 )
Outstanding Shares: 14,519,001
Source: MGFS ( 08/15/2008 )
Per Reuters: Float 7.8M and Insiders control 46% of the stock
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