Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
CABF: Shareholders of CAB Financial Corporation (CABF) will receive 1) 0.1378 shares of Park National Corp (PRK) for every share held of CABF and 2) $3.80/share for every share held of CABF according to the terms and conditions of the merger agreement.
FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
It’s not a penny stock, it’s real deal, it’s not participating in the bear market , so it’ll go up more once the market bottoms. Hopefully this week. But you never know.
I have no idea what will happen to the share price. I simply post ticker/name changes for all stocks; my volunteer tasks to keep the stock tickers accurate for all I-Hubbers.
nah i mean what you think will happen to the stock price? This stock seems dead, you are the only one who posted about the merger lol and the volume is like in the negatives too xD
Your CRLN shares will now be CABF shares once each Broker receives the change(s) from the CRLN Transfer Agent.
CRLN: The merger between Carolina Alliance Bank (CRLN) and CAB Financial Corporation will take effect immediately. CAB Financial Corporation will be the surviving company and will be trading under the symbol CABF effective Monday Oct 23.
FINRA deleted symbol;
http://otce.finra.org/DLDeletions
Share Structure
Market Value1 $26,812,500 a/o Oct 21, 2014
Shares Outstanding 2,750,000 a/o Sep 18, 2014
Float 3,500,000 a/o Sep 05, 2014
Authorized Shares 10,000,000 a/o Sep 05, 2014
Carolina Alliance Bank Acquires the Operations of Dave McBride Leasing
http://ih.advfn.com/p.php?pid=nmona&article=63136400&symbol=CRLN
Merger link and share Structure
http://ih.advfn.com/p.php?pid=nmona&article=61749469&symbol=CRLN
Market Value1 $20,930,060 a/o Apr 04, 2014
Shares Outstanding 2,506,594 a/o Sep 30, 2013
Float 2,000,000 a/o Sep 30, 2013
Authorized Shares 10,000,000 a/o Sep 30, 2013
SPARTANBURG, S.C., Apr 07, 2014 (BUSINESS WIRE) -- Carolina Alliance Bank ("CAB") (OTCBB:CRLN and OTCQB:CRLN) and Forest Commercial Bank ("FCB") jointly announced today that the previously announced merger of the two banks was completed on April 5, 2014 after receiving all shareholder and regulatory approvals. Today the Forest Commercial offices in Asheville and Hendersonville and its loan production office in Charlotte opened as offices of Carolina Alliance Bank.
Upon completion of the merger, FCB shareholders received 0.755 newly issued shares of CAB in exchange for each outstanding FCB share and own approximately 40% of the Bank. The Bank's total assets now stand at approximately $400 million.
Completion of merger announced. Over 1 mil $ sitting on the bid. Me likey.
Technically I'd say were pushing 10.25 then 11, then on to 15 and 17 dollars. With the recent developments, I expect it to happen. We'll see.
And after the merger -
Book Value before the merger was $10.76.
Breaking out above 10$. Nice!
Financials are going to kick ass for a while to come and solid community banks even more so. Not too exciting, but a solid investment IMO.
Merger Approved
http://ih.advfn.com/p.php?pid=nmona&article=60406081&symbol=CRLN
Followers
|
1
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
20
|
Created
|
10/01/13
|
Type
|
Free
|
Moderators |
Market Value | $24,975,000 | a/o Sep 30, 2013 |
Shares Outstanding | 2,500,000 | a/o Apr 26, 2012 |
Float | 2,000,000 | a/o Apr 26, 2012 |
Authorized Shares | 10,000,000 | a/o Apr 26, 2012 |
Par Value | 1 |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |