Ohana Pacific Bank (fka OHPB)

[Renee]

OHPB: Merged with CBB Bancorp, Inc. (CBBI); Shareholders of OHPB will receive $10.25 per share, plus up to an additional $0.75 per share with the exact amount to be calculated post-closing.

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[56Chevy]

Marker:
Ohana Pacific Bank ( (OHPB)
$7.00 0.0 (0.00%)
Volume: 0

[56Chevy]

Marker:
Ohana Pacific Bank ( (OHPB)
$5.6999 0.0 (0.00%)
Volume: 0

[56Chevy]

Marker:
Ohana Pacific Bank ( (OHPB)
$6.00 0.0 (0.00%)
Volume: 0

* just checking the pulse.

[56Chevy]

Marker:
Ohana Pacific Bank ( (OHPB)
$6.0995 0.0 (0.00%)
Volume: 0

[56Chevy]

With small illiquid banks think "investment" not "trade". Patience is as much a prerequisite to entry as money.

You're buying a stock security but investors in small unknown banks would do well to view it as they might if this were a real estate investment. In many ways it's not really all that different. You buy it....hold it...and forget it. The exit opportunity to sell at a profit will come later.

The key is you're buying a dollar for considerably less than a dollar here. Since this is a bank in Hawaii it would be like buying a beach front lot at a nice discount...just sit back and wait for price appreciation.

If you need more liquidity this may not be your bank.

[fung_derf]

I just don't see how you can trade a stock with no volume.

[56Chevy]

HOW HEALTHY IS THIS BANK?

Very healthy!

http://banktracker.investigativereportingworkshop.org/banks/hawaii/honolulu/ohana-pacific-bank/

TBV: $6.87

MV: $5.75

P/B: 0.837

Discount to TBV: the gap is closing but still a robust 16.3%

No TARP

Marker:
Ohana Pacific Bank ( (OHPB)
$5.75 0.0 (0.00%)
Volume: 0

Ohana bank remains on sale going into 2015..and I still like their chances of being acquired at a premium.

[56Chevy]

Ohana Pacific Bank ( (OHPB)
$6.00 up 1.35 (29.03%)
Volume: 100

[56Chevy]

Ohana Pacific Bank reports $847,000 profit in Q2

Aug 1, 2014

http://www.bizjournals.com/pacific/news/2014/08/01/ohana-pacific-bank-reports-847-000-profit-in-q2.html

[56Chevy]

This article from almost 2 years ago reveals the active consolidation seekers among other Korean-American community banks.

Hanmi Said to Seek Sale

Jan 9, 2013 1:22 PM PT

Hanmi Financial Corp. (HAFC), the second- largest U.S. bank catering to Korean-Americans, is looking for a buyer and hired DelMorgan & Co. to advise on a sale, said three people with knowledge of the matter.

The lender may attract interest from BBCN Bancorp Inc. (BBCN) and Wilshire Bancorp Inc. (WIBC), which like Hanmi are based in Los Angeles and target Korean-Americans, said two of the people, who asked not to be named because the process is private. Hanmi rose more than 8 percent today, giving the firm a market value of about $481 million. It has assets of about $2.8 billion.

Hanmi, led by Chief Executive Officer Jay Yoo, is pursuing a sale less than two years after its takeover by South Korean lender Woori Finance Holdings Co. collapsed. Hanmi may draw interest again from Woori, as well as South Korea’s Hana Bank, both seeking expansion in the U.S., the people said. The lender was founded more than 30 years ago and operates in areas such as San Diego, San Francisco and Orange County.

Hanmi shares rose 8.1 percent to $15.26 as of 4 p.m. in New York.

Woori Finance agreed in May 2010 to buy Hanmi for as much as $240 million. That deal was terminated in June 2011, when the firms agreed to a business alliance instead. Officials at Woori and Hana declined to comment, while representatives at Wilshire and BBCN didn’t return calls seeking comment.

David Yang, Hanmi’s corporate strategy officer, didn’t return a call seeking comment. Rob Delgado, co-founder of DelMorgan, declined to comment. Delgado helped found the Santa Monica, California-based investment-banking boutique in 2011.

Enforcement Actions

Hanmi has 27 branches in California. Its shares had gained 76 percent in the year through yesterday as the company recovered from steep commercial loan losses in 2009 and 2010.

BBCN is the largest Korean-American-focused bank, with $5.3 billion in assets as of Sept. 30, according to SNL Financial, a bank-research firm in Charlottesville, Virginia. Wilshire is the third-largest with $2.6 billion in assets.

The California Department of Financial Institutions and Federal Reserve Bank of San Francisco lifted late in 2012 two enforcement actions placed on Hanmi in 2009. The actions had required Hanmi to maintain certain capital levels and restricted the bank from paying dividends, increasing debt and changing its businesses plan without regulatory permission.

Hanmi also last year began to draw down a nearly $80 million deferred tax allowance, or pool of money that represents a tax benefit a company can’t recognize unless it is healthy.

The drawdown sharply enhanced the company’s book value, which was $364 million as of Sept. 30, up almost 80 percent from a year earlier, according to the company’s third-quarter earnings report.

http://www.bloomberg.com/news/2013-01-09/hanmi-said-to-seek-sale.html?cmpid=yhoo

BBCN:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82999913

WIBC:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83745467

[56Chevy]

Three Hawaii banks make list of Healthiest Banks in America

Sep 23, 2014

Ohana Pacific Bank, Central Pacific Bank and First Hawaiian Bank have been named to DepostitAccount.com’s Top 200 Healthiest Banks 2014, which evaluates the financial health of every federally insured bank in the country. There are more than 6,500 in the U.S.

Ohana Pacific Bank ranked highest at No. 83, followed by Central Pacific Bank at No. 98, and First Hawaiian Bank at No. 127.

The list looks at a financial institution’s capitalization, deposit growth and loan to reserve ratios, in order to determine a comprehensive health score.

DepositAccounts.com is an online publication focused on banking and saving information for consumers.

http://www.bizjournals.com/pacific/blog/2014/09/three-hawaii-banks-make-list-of-healthiest-banks.html

Marker:
Ohana Pacific Bank ( (OHPB)
$4.65 0.0 (0.00%)
Volume: 0

*Ohana Pacific Bank serves primarily the large Korean community in Hawaii. Consolidation of Korean banks on the mainland (primarily on the west coast) has been full on....OHPB could be a very strong target bank candidate.

[56Chevy]

Aloha!

TBV: $6.87

MV: $4.65

P/B: 0.67

Discount to TBV: 33%

No TARP

http://banktracker.investigativereportingworkshop.org/banks/hawaii/honolulu/ohana-pacific-bank/

*This bank is On Sale!

Marker:
Ohana Pacific Bank ( (OHPB)
$4.65 0.0 (0.00%)
Volume: 0