Team Financial Inc fka TFIN

[Estrella]

The halt is over...

[Estrella]

What happend?
:(

[Lawrence 147]

Huge sell off, down to .05 down 75% on 5,500 trades

[Estrella]

Great Southern Bancorp shares advance after TeamBank deal

Mar 24, 2009 (The Kansas City Star - McClatchy-Tribune Information Services via COMTEX) -- Team Financial's pain has become Great Southern Bancorp's gain.
Both were players in Friday's failure of the $670 million TeamBank and an affiliated Colorado bank.

Team Financial, based in Paola, Kan., owned both banks and had disclosed to shareholders Friday that it might end up in bankruptcy.

In a brief filing with the Securities and Exchange Commission, Team Financial said regulators had rejected its plan to boost capital at TeamBank and might seize both banks.

Regulators did just that late Friday, leaving Team Financial with little to call its own.

Its owners' shares lost 8 cents and closed at 21 cents, a 27.6 percent drop.

Company officials were not available Monday.

Great Southern Bancorp, on the other hand, picked up TeamBank's branches and depositors in a deal with the Federal Deposit Insurance Corp.

It also bought $450 million in loans and foreclosed properties that TeamBank held. But given that a fourth of TeamBank's loans were not current, Great Southern had to pay only $350 million.

Moreover, the FDIC will absorb 80 percent of the first $115 million in losses, if they develop. The FDIC's burden will grow to 95 percent of any losses beyond $115 million.

Joe Turner, president of Great Southern and its parent company, said the loss sharing agreement was a standard package in an FDIC sale of a failed bank.

But Turner also said Great Southern, which is based in the Springfield area, had gained a good deposit franchise, "a lot of good loans" and, he hopes, some new customers as well.

The deal establishes Great Southern's first branches in Kansas, though it has had a loan office in Johnson County and in Omaha, Neb.

The market's take on the deal? Great Southern Bancorp shares surged 22.5 percent, a gain of $2.50, and closed at $13.60.

Of course, the gain came on a day when bank stocks surged generally after the U.S. Treasury announced the long-awaited details of its plan to buy toxic assets off banks' balance sheets.

But Great Southern's bump easily topped that of the Nasdaq bank index, up 10.6 percent, and other public banks in the Kansas City area.

To reach Mark Davis, call 816-234-4372 or send e-mail to [e-mail].



To see more of The Kansas City Star, or to subscribe to the newspaper, go to
http://www.kansascity.com. Copyright (c) 2009, The Kansas City Star, Mo.
Distributed by McClatchy-Tribune Information Services. For reprints, email
[e-mail], call 800-374-7985 or 847-635-6550, send a fax
to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave.,
Suite 303, Glenview, IL 60025, USA.
Mark Davis

Copyright (C) 2009, The Kansas City Star, Mo.
-0-

SUBJECT CODE: KC

[Estrella]

NASDAQ Halts Team Financial, Inc.

NEW YORK, Mar 24, 2009 (GlobeNewswire via COMTEX) -- The NASDAQ Stock Market(r) (Nasdaq:NDAQ) announced that trading was halted in Team Financial, Inc. (Nasdaq:TFIN) today at 11:18:57 a.m., Eastern Time, for "additional information requested" from the company at a last price of $0.20.
Trading will remain halted until Team Financial, Inc. has fully satisfied NASDAQ's request for additional information.

For news and additional information about the company, please contact the company directly or check under the company's symbol using InfoQuotes(sm) on the NASDAQ(r) Web site.

For more information about The NASDAQ Stock Market, visit the NASDAQ Web site at http://www.nasdaq.com.

NDAQO

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: The NASDAQ OMX Group, Inc.

[Estrella]

TFIN is going to be big!
;)

[Estrella]

TFIN was $13.00 last year.
;)

[Estrella]

"TeamBank had $669.8 million in assets on Dec. 31."
;)
$$$$$$$$$$$$$$$

[Estrella]

Office of the Comptroller of the Currency tells TeamBank it is undercapitalized

The Office of the Comptroller of the Currency has notified TeamBank that it is undercapitalized.

TeamBank is a subsidiary of Paola-based Team Financial Inc. (Nasdaq: TFIN). Team Financial said in a Monday filing with the Securities and Exchange Commission that the OCC is requiring TeamBank to submit a capital restoration plan no later than March 2.

If TeamBank is unable to comply with the OCC order, it faces possible enforcement actions that could include placing the bank into receivership.

TeamBank CEO Sandra Moll said in an interview Wednesday that a capital-raising initiative already is under way and that she expects to hand regulators a capital-restoration plan before the deadline.

“Our staff has done an amazing job working with customers — and we have very loyal customers — to make sure their accounts are structured properly,” Moll said. “We are making sure people understand their insurance coverage and are as safe as possible.”

TeamBank’s total risk-based capital ratio in the fourth quarter was 6.35 percent, according to filings with the Federal Deposit Insurance Corp. Regulators require a minimum of 8 percent for an adequately capitalized bank.

TeamBank had $669.8 million in assets on Dec. 31. It reported a fourth-quarter loss of $33.3 million and a provision for loan and lease losses of $26 million, according to filings with the FDIC.

“We are addressing aggressively some of the issues we are seeing in our loan portfolio that are a result of the downturn in the market,” Moll said. “We are identifying all potential issues through allowance for loss provisions, and setting aside that money makes our financials not look the brightest, as it does with a lot of other banks.”

The OCC considers Team Financial’s other subsidiary bank, Colorado National Bank, as adequately capitalized.

http://www.bizjournals.com/kansascity/stories/2009/02/23/daily21.html

[Estrella]

TFIN @ .388!
;)

[Estrella]

TFIN @ .35!
;)

[Estrella]

TFIN @ .31!!
;)

[Estrella]

TFIN @ .28!
;)