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VNBC - looks like it could be ready to Rock (again)
up 18% already...
Seems we are moving up on light volume, watching closely this morning
California Public Employees Retirement System
updated 12-23 no change!
looks like it does update(JMHO)
The preferreds are in great shape if no buyout!
14. Bank Transaction. Notwithstanding anything to the contrary in this Agreement, Bank and Company shall have the option, from the Effective Date, not to continue Executive as President and Chief Executive Office of Bank and Company, respectively, as long as a successful Bank Transaction has not occurred. If Bank and Company exercise such option, Executive shall receive a lump-sum payment in the amount of One Hundred Eighty Thousand dollars ($180,000) and Executive’s employment and this Agreement (except for Section 17) shall terminate. Such payment, if made, shall be less any deductions and withholding required by law and shall be in lieu of any other payments pursuant to this Agreement. An amount equal to the $180,000 payment has been deposited with a qualified escrow agent at Bank’s and Company’s expense. Immediately upon a Bank Transaction, the $180,000 shall revert to and be released to Bank and Company (in proportion to their funding obligations under this Agreement), Executive’s employment shall continue as President and Chief Executive Officer, and this Agreement shall continue under its express terms. For purposes of this Section, a “Bank Transaction” means the closing of a sale of Bank involving a capital investment into Bank.
http://www.sec.gov/Archives/edgar/data/840256/000084025608000125/exhibit10-1.htm
Although certain other changes were made from the original employment agreement, all other material terms, including base salary and term, remain unchanged. The Restated Agreement also did not change any provisions relating to the grant of stock options to Mr. Terry. As a result, it is unlikely that the initial grant of stock options previously anticipated will now be made, due to the fact that that initial grant was to be made only after a successful capital raise transaction.
It's an amended and restated employment agreement, and unless I'm missing something, I can't see how this has anything to do with Kratz's proposed purchase of the bank for his paltry $18 million offer. Something crazy is going to happen to this stock sooner or later, and I think (hope!) it's gonna be crazy-good rather than crazy-bad.
;)
I was half asleep when I responded - my real hope is that the money isn't raised and the bank stays in business - then I get $10.00 per share!
Hi jdsgungho , How are you doing?
For some reasons , I had that feeling my friend..a few times , I raised that question about Doug's ability or willingness to raise that cash.. !
http://www.mffais.com/vnbc.html
GS , Calpers , Vanguard are still in . Any idea is this is updated daily? Man , we need to follow those funds moves as close as possible .
So this is saying they were not able to raise the funds and the bank is up for sale? "Dammit Jim I'm a firefighter/paramedic not a lawyer" (love the original star trek). I can never make heads or tails of these is that what they are saying? Anyone?
8-k out for vineyard
http://www.sec.gov/Archives/edgar/data/840256/000084025608000125/form8k.htm
seems doug isnt going to get the bank, bring on the bidders!
Beautiful bold faced unabated in your face manipulation continues with impunity.... Hey Cox .. are you even awake ?? Let alone watching .... LOLLOOLOLOLOL ....
Will the little guy .. who is down by an average of 70% even have half a chance ????
JMHO but i have a hard time seeing this go to bankruptcy, i too doubt doug comes up with the cash. But when you look at the assets of this bank and the associated price, any other bank would be crazy not to be bidding on this. Which is what i think is going to start happening here.
I saw that as well. Thanks for pointing it out. The reasons that it didn't bother me is, I don't believe that this buyout will happen, I don't htink they will raise the money.
If the company doesn't get the money and is seized - then preferreds are taken care of before the commons.
VNBC O/S is WHERE IT'S AT!!!
BUY US OUT FIRST HORIZON!!!!!!!!!!!!!!!!!!!!!!!!
:)
:)
:)
First Tennessee Bank National Association IS First Horizon National Corporation.
It's First Tennessee Bank National Association who could be buying out Vineyard National Bancorp first option.
Formerly=First Tennessee National Corp. until 4-04
First Horizon National Corporation Market Cap is $1,998,621,079 as of Dec 19, 2008.
Ticker "FHN"
VNBC is in GREAT COMPANY!!!
:)
stock2windaily, be careful with those "preferred shares"!
Looks to me like the VNBC Outstanding Shares are Very Safe.
It appears the "preferred" shares are not safe.
"...It is unlikely that preferred securities will recover their investment...."
Read this again!
"...It is unlikely that unsecured creditors of VNB, including holders of trust preferred securities, will recover their investment..."
Where did I get this? Last sentence...
___________________________________________
Stock Purchase Agreement
On November 12, 2008, the Company entered into a stock purchase agreement (the “Purchase Agreement”) with Vineyard Bancshares, Inc., a newly formed Minnesota corporation (the “Buyer”), pursuant to which the Company agreed to sell to the Buyer all of the outstanding shares of stock of the Company’s primary asset, the Bank. The Buyer is a newly-formed corporation organized and controlled by the Company’s chairman of the board, Douglas M. Kratz, who serves as president and chief executive officer of the Buyer.
A special committee of the Company’s Board of Directors composed of disinterested directors was formed to review strategic alternatives and for the purpose of considering and negotiating the terms of a potential transaction with the Buyer because certain directors of the Company would have a material financial interest in the transaction. The special committee reviewed and negotiated the proposed transaction with the Buyer and unanimously recommended to the Board of Directors of the Company the approval of the Purchase Agreement. The Board of Directors of the Company, excluding interested directors, approved the transaction based on the unanimous recommendation of the special committee.
Under the Purchase Agreement, the Buyer has agreed to purchase the Bank for up to $18.0 million, of which $10.0 million is payable at the closing of the transaction (the “Initial Purchase Price”). The balance of the purchase price is payable if the Bank’s loan losses for the period between October 1, 2008 and September 30, 2011 are less than $125.0 million (the “Additional Purchase Price”). Of the Initial Purchase Price, VNB’s senior lender, First Tennessee Bank National Association (the “Senior Lender”), would receive $9.0 million in full satisfaction of VNB’s $48.3 million outstanding indebtedness to the Senior Lender, and the remaining $1.0 million would be paid to the Company. The Senior Lender also has the right to receive the entire Additional Purchase Price if paid.
The transaction is structured as a sale of the Bank’s stock to the Buyer. The transaction would be effected pursuant to one of the following methods, as agreed between the Buyer and the Company: (a) a direct sale of the Bank shares to the Buyer subject to shareholders’ approval (the “Sale”), (b) foreclosure by the Senior Lender and subsequent transfer of the Bank shares to the Buyer (the “Foreclosure”), or (c) a sale of the Bank shares to the Buyer pursuant to Section 363 of the U.S. Bankruptcy Code (the “Bankruptcy”). It is unlikely that unsecured creditors of VNB, including holders of trust preferred securities, will recover their investment.
__________________________________________________________
Here's more good news for the VNBC Common Shares...
"...The initial purchase price for this purpose means the greater of $10.0 million or the actual bid accepted for the sale of the shares of the Bank..."
__________________________________________________________
This current movement of VNBC is not about the "preferred shares".
This is all about the ticker "VNBC" Outstanding Shares, Common and Float.
For the sake of keeping these two entities "VERY SEPARATE", please keep the posting of the preferred share company on your board.
Thanks~
I think on Monday - this stock will go up - when it does, it can go up quickly!
Such a small float - unheard of when it comes to a fully-listed and reporting company!
Anything under $3.00 is pretty safe here - in my opinion.
Thanks for keeping tabs on that stock! hopefully this coming week brings some satisfaction.
Even though I really feel the bank is safe - it is a pleasure to actually see it in writing!
:) Again, I can sleep well. Now, If I could only get someone else to do Snow Patrol Tonight and Sunday, I'd actually have a day off!!!
LOL!
No Rest for the Weary~
No bank seizures this weekend!
http://www.fdic.gov/bank/individual/failed/banklist.html
Steady volume now but not as much as we all would like to see...
I am reading the 10q I just started investing in this company . Not the greatest news but they are still hanging in their I noticed they have not closed any of their branches that I am aware of. I do not like the idea of share holders receiving nothing but from what I understand that may be unlikely
May want to collect some preferred shares symbol on ETRADE is VXC.PR.D up in the IBOX and on that board it explains them being worth 10.00 a share down the road in 2012 etc. They are the preferred shares on VNBC. Good luck here. Symbol on other brokerages may be VXC-D or VXC D
It would be nice to hear the the sale of the bank is going smoothly
the report that is
yes, volume that is what we are lacking. Do you see the company releasing any new details along with its end of year earnings report because it is probably not going to be great
by the look of the chart, it seems to me that it will be moving up slowly on steady volume, a surge could send it to .40 much quicker. fwiw thats where i see resistance @.40. a break of .40 could take us forward from there. volume will play a big part of this as well (ALL JMHO)
Just added at .20 .. but no show ... hmmmmm .
Edit ..: never mind
... maybe ... I'm not trying to push it down.. i'M a nobody after all ... I like your idea better ... just that you know as well as I that getting this to go up will TAKE CONSIDERABLE effort ...
I will buy the dips of course
...uh, of course I could be wrong!
LOL!
Looks like they are really trying to move this up~
valleyboi0, Ain't happening~
Yep ....c'mon push it down to .16 ... hehe...
Your more than welcome, i see we are consolidating some more today. Hopefully the next stop is up.
GO VNBC GO
And you are correct in wondering - that is an opinion if you ask me.
Home now. I am sitting here watching NSDQ, CINN and ISEG fight over shares at one hundredth of a penny on the Ask and the Bid.
Do they really need shares this bad?
Hey guys I have bought into this company because of the charts and seeing how it has been trading day to day and it is easy to make money. Now that aside The bank is about to be bought out but what I do not understand is why some people have suggested that the shareholders will be wiped out I have not seen any basis for that assumption?
ST = Scottrade
On my streaming quotes the bid went to 2.35 for a few moments. Obviously an error, though.
Jdsgungho , thanks a lot for your input . Really appreciate it .
Hello Croireavenir , If I may ask you : which bid are you talking about? Who or what is ST?
tks.
ST just showed the bid at $2.35 lol!
LOL, .. well I am able to post once in a while here today after all, it would seem.
Looks like the shaningans continue. Good day to add maybe ??
valleyboi0, I will add that word to my Wikopedia!
pop-up-ed-ness
verb, pop.up.id.ness, moving up, noun
–verb (used without object)
1. The ability to move up without precedence or reason.
2. The movement to catch all shareholders off guard while the stock climbs well into the stratosphere at any given moment.
3. VNBC today
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Main office
1260 Corona Pointe Court
Corona, CA 92879
Phone: 951-271-4232
www.vineyardbank.com
Profile
Vineyard National Bancorp operates as a holding company for Vineyard Bank, National Association, which provides community banking services. It accepts non-interest bearing demand deposits, certificates of deposit, time deposits, savings deposits, negotiable order of withdrawal, and money market deposit accounts. The bank also offers single-family residential luxury and tract construction loans, SBA 7(a) and 504 loans, commercial and residential real estate loans, and loans to non-profit organizations. In addition, it provides cash management services that comprise electronic deposit services; online banking services, including automated wire processing, electronic tax payments, electronic transfers, loan payments, bill payments, and account reconciliation; lockbox services; and Positive Pay service that allows business customers to review checks presented against accounts prior to disbursing funds. The bank serves commercial businesses, single-family residential developers and builders, individuals, commercial real estate developers and investors, non-profit organizations, and other local private and public organizations. As of December 31, 2006, it operated sixteen full-service banking centers located in Chino, Corona, Covina, Crestline, Diamond Bar, Irvine, Irwindale, Lake Arrowhead, La Verne, Manhattan Beach, Rancho Cucamonga, San Diego, San Dimas, San Rafael, Upland, and Walnut communities in Los Angeles, Marin, Orange, Riverside, San Bernardino, and San Diego counties; and five loan production offices in Anaheim, Carlsbad, Palo Alto, Monterey, and Westlake Village located in Orange, San Diego, Santa Clara, Monterey, and Ventura counties in California. The bank was founded in 1981 and is headquartered in Corona, California.
Officers
Mr. James G. LeSieur III., 66
Chairman, Interim Chief Exec. Officer, Interim Pres, Chairman of Audit Committee and Chairman of Vineyard Bank
Mr. Richard S. Hagan, 57
Chief Operating Officer
Mr. Tom Rosa
Sr. VP of Vineyard Bank
Mr. Mark Drews
Sr. VP
Governance
Vineyard National Bancorp's Corporate Governance Quotient (CGQ®) as of 1-Apr-08 is better than 77.8% of CGQ Universe companies and 64.5% of Banks companies.
Ownership
Shares Outstanding: 10.05M
Float: 8.88M
% Held by Insiders: 14.79%
% Held by Institutions: 37.50%
PREFERRED SHARES TRADE AS
VXC-D or VXC.PR.D
CORONA, CA--(Marketwire - June 27, 2007) - Vineyard National Bancorp (NASDAQ: VNBC) ("the company") announced today the closing, on June 26, 2007, of the offering of 2,300,000 shares of the company's 7.50% Series D Noncumulative Preferred Stock, with a $10.00 liquidation preference per share. The dividend on each Series D preferred share will accrue at a fixed rate of 7.50% per annum. If declared by the board of directors, dividends will be payable quarterly on the Series D preferred shares, commencing on September 15, 2007, on a noncumulative basis. The Series D preferred shares may be redeemed for cash at their $10.00 liquidation preference, in whole or in part, at any time on or after June 25, 2012. The Series D preferred shares are not convertible into or exchangeable for any other property or securities of the company.
Recent developments
Vineyard National Bancorp Reports Glass Lewis & Co. Joins Institutional Shareholder Services and Proxy Governance in Recommending That Shareholders Vote Against the Bylaw Proposal by Messrs. Morales and Salmanson
Wednesday April 9, 3:00 pm ET
CORONA, CA--(MARKET WIRE)--Apr 9, 2008 -- Vineyard National Bancorp (the "Company") (NasdaqGS:VNBC - News), parent company of Vineyard Bank, N.A. ("Vineyard") and other subsidiaries, today reported that Glass Lewis & Co. ("Glass Lewis") has joined two other major proxy advisory services -- Institutional Shareholder Services ("ISS") and Proxy Governance, Inc. ("PGI") -- in recommending that shareholders vote AGAINST the changes to the Company's bylaws that are being proposed by a stock broker, Jon Salmanson, and the Company's former Chief Executive Officer ("CEO"), Norman Morales.
Source: Vineyard National Bancorp
"We are pleased that each of these three major proxy advisory services has independently made the same recommendation: that shareholders vote AGAINST the proposed bylaw changes of Messrs. Salmanson and Morales," said James LeSieur, Chairman and Interim CEO. "Glass Lewis recognized that the proposal would 'neither produce a qualified board of directors nor a board that is more responsive to shareholders.' As we have maintained all along, the campaign by Messrs. Morales and Salmanson is not about shareholder rights generally but is a transparent attempt by a former CEO to return to power with the help of his friends and associates."
The Glass Lewis report says, in part:
Proposal 1: "While Glass Lewis supports measures that protect shareholder interests and make boards more accountable to shareholders, it does not support this proposal. [...] [T]he amendment permits shareholders to nominate directors without any objective reason, which will neither produce a qualified board of directors nor a board that is more responsive to shareholders [...] the current proposed amendment is narrowly written and only serves the purposes of the dissident shareholders" […] Accordingly, we recommend that shareholders vote the Management (Blue) card and REVOKE CONSENT from this proposal."
Proposal 2: "Glass Lewis believes that companies require some flexibility in scheduling their annual meeting dates based on possible developments at the Company or external to the Company [...] However, this flexibility does not include changing a date in order to implement a dissident shareholder proposal that is narrowly drawn in order to meet the specific needs of the dissidents. In particular, this proposal seeks to further the dissidents' objectives regarding Proposal 1 and their ability to propose a new slate of directors prior to the 2008 annual meeting [...] Accordingly, we recommend that shareholders vote the Management (Blue) card and REVOKE CONSENT from this proposal."
Proposal 3: "Glass Lewis is concerned by a proposal that clearly seeks to amend bylaws in order to further the interests of dissident shareholders and not all shareholders in general [...] Accordingly, we recommend that shareholders vote the Management (Blue) card and REVOKE CONSENT from this proposal."
Glass Lewis, ISS and PGI each provide proxy advisory services to institutional investors, mutual funds and other fiduciaries worldwide.
The Consent Solicitation Statement by Messrs. Salmanson and Morales proposes three amendments to the Company's Amended and Restated Bylaws in order to allow them to nominate candidates for election to the Board of Directors. In a mailing to shareholders, the Company's Board of Directors urges shareholders to vote AGAINST the solicitation and the proposed bylaw amendments by checking "REVOKE CONSENT," signing, dating and returning the BLUE Consent Revocation Card that is included in the Company's mailings.
If you have any questions about giving your consent revocation or require assistance, please call:
D.F. KING & CO. INC.
48 Wall Street
New York, New York 10005
Shareholders Call Toll-Free at: 800-967-7921
Banks and Brokers Call Collect at: 212-269-5550
Important Additional Information
The Company filed a Definitive Consent Revocation Statement on Schedule 14A with the Securities Exchange Commission ("SEC") on March 13, 2008 (the "Definitive Consent Revocation Statement") relating to the solicitation of consent revocations from shareholders of the Company, and in the future will file a proxy statement relating to the election of directors of the Company (the "Proxy Statement"). Investors and security holders are advised to read the Definitive Consent Revocation Statement, the Proxy Statement and other materials filed by the Company related to the Definitive Consent Revocation Statement and Proxy Statement solicitations, when available, because they contain important information. Investors and security holders may obtain a free copy of the Definitive Consent Revocation Statement, the Proxy Statement and all other related materials filed by the Company with the SEC (when they are filed and become available) free of charge at the SEC's website at www.sec.gov or by contacting D.F. King & Co., Inc., 48 Wall Street, New York, New York 10005, 1-800-967-7921. The Company also will provide a copy of these materials without charge on its website at www.vnbcstock.com.
The Company, its Board of Directors and one or more of its executive officers may be deemed to be participants in the Definitive Consent Revocation Statement and Proxy Statement solicitations. Information regarding the names of the Company's Board of Directors and executive officers and their respective interests in the Company is set forth in the Definitive Consent Revocation Statement.
About Vineyard National Bancorp
The Company is a $2.5 billion financial holding company headquartered in Corona and the parent company of Vineyard, 1031 Exchange Advantage Inc., and 1031 Funding & Reverse Corp. (collectively, "the exchange companies"). Vineyard, also headquartered in Corona, operates through 16 full-service banking centers and four regional financial centers in the counties of Los Angeles, Marin, Orange, Riverside, San Bernardino, San Diego, Santa Clara and Ventura, CA. The exchange companies are headquartered in Encinitas, CA. The Company's common stock is traded on the NASDAQ Global Market System under the symbol "VNBC." For additional information on the Company visit www.vnbcstock.com or for additional information on Vineyard and to access internet banking, please visit www.vineyardbank.com. For additional information on the exchange companies, visit www.1031exchangeadvantage.com.
Forward-Looking Statements
Certain matters discussed herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company's ability to control or predict. Important factors that may cause actual results to differ materially and could impact the Company and the statements contained herein can be found in the Company's filings with the SEC including quarterly reports on Form 10-Q, current reports on Form 8-K, annual reports on Form 10-K, and the Consent Revocation Statement on Schedule 14A. For forward-looking statements herein, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and other protections under the Federal securities laws. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=734939
Contact:
Contact:
Shareholder Relations
951-271-4232
Email Contact
-- -- --
Vineyard National Bancorp Reports ISS Recommendation That Shareholders Reject and Vote Against the Bylaw Changes Proposed by Messrs. Morales and Salmanson
Thursday April 3, 7:06 pm ET
CORONA, CA--(MARKET WIRE)--Apr 3, 2008 -- Vineyard National Bancorp (the "Company") (NasdaqGS:VNBC - News), parent company of Vineyard Bank, N.A. ("Vineyard") and other subsidiaries, reported today that Institutional Shareholder Services ("ISS"), the nation's leading independent proxy voting advisory and corporate governance service, has recommended that Company shareholders vote AGAINST changes to the Company's bylaws that are being proposed by a stock broker, Jon Salmanson, and the Company's former Chief Executive Officer ("CEO"), Norman Morales.
"We are pleased that ISS has recommended that our shareholders reject and vote AGAINST the proposed bylaw changes, which the Board of Directors (the 'Board') believes would be a step toward pursuing business plans that we consider to be risky and ill-advised in today's economic climate," said James LeSieur, Chairman and Interim CEO. "The Board believes the campaign by Messrs. Morales and Salmanson is not about shareholder rights, but instead, is a transparent attempt by a former CEO to return to power with the help of his friends and associates."
ISS, which provides proxy advisory services to institutional investors, mutual funds, and other fiduciaries worldwide, commented on each of the proposed bylaw amendments. The ISS report says in part:
Item 1: "We believe that the proposed bylaw amendment could possibly require shareholders to vote on director election with insufficient time or information to assess the candidate. Moreover, there seems to be lack of an imminent need to amend the bylaw especially given that both the company and the dissidents have similar strategies. We also highlight concerns about Mr. Morales underlying motivation for the proxy contest, given that he was the CEO until Jan 2008 and initiated a proxy contest after negotiating a termination agreement with the Company. Finally, we believe that the Board's April 2, 2008 bylaw amendments largely mitigate concerns about timing gap between the meeting date and the advance notice date. As such, we recommend shareholders vote AGAINST the proposed amendment."
Item 2: "The proposal seeks shareholder approval to amend Article II, Section 2 of the company's bylaws to require the Company's Annual Meeting of shareholders be held no earlier than the third Wednesday of May of each year and within at least thirteen (13) months of the previous Annual Meeting of shareholders. Given that the company has a history of holding its annual meeting of shareholders in the third week of May, and our lack of support for Item 1, we recommend shareholders vote AGAINST Item 2."
Item 3: "The repeal of each provision of the Company's bylaws or amendments of the bylaws that are adopted after August 2, 2007 and before the effectiveness of the bylaw amendments. Given our lack of support for Item 1, we recommend shareholders vote AGAINST Item 3."
The Consent Solicitation Statement by Messrs. Salmanson and Morales proposes three amendments to the Company's Amended and Restated Bylaws in order to allow them to nominate candidates for election to the Board of Directors. In a mailing to shareholders, the Company's Board urges shareholders to reject and vote AGAINST the solicitation and the bylaw amendments by checking "REVOKE CONSENT," signing, dating and returning the BLUE Consent Revocation Card that is included in the Company's mailings.
If you have any questions about giving your consent revocation or require assistance, please call:
D.F. KING & CO. INC.
48 Wall Street
New York, New York 10005
Shareholders Call Toll-Free at: 800-967-7921
Banks and Brokers Call Collect at: 212-269-5550
Important Additional Information
The Company filed a Definitive Consent Revocation Statement on Schedule 14A with the Securities Exchange Commission ("SEC") on March 13, 2008 (the "Definitive Consent Revocation Statement") relating to the solicitation of consent revocations from shareholders of the Company, and in the future will file a proxy statement relating to the election of directors of the Company (the "Proxy Statement"). Investors and security holders are advised to read the Definitive Consent Revocation Statement, the Proxy Statement and other materials filed by the Company related to the Definitive Consent Revocation Statement and Proxy Statement solicitations, when available, because they contain important information. Investors and security holders may obtain a free copy of the Definitive Consent Revocation Statement, the Proxy Statement and all other related materials filed by the Company with the SEC (when they are filed and become available) free of charge at the SEC's website at www.sec.gov or by contacting D.F. King & Co., Inc., 48 Wall Street, New York, New York 10005, 1-800-967-7921. The Company also will provide a copy of these materials without charge on its website at www.vnbcstock.com.
The Company, its Board and one or more of its executive officers may be deemed to be participants in the Definitive Consent Revocation Statement and Proxy Statement solicitations. Information regarding the names of the Company's Board and executive officers and their respective interests in the Company is set forth in the Definitive Consent Revocation Statement.
About Vineyard National Bancorp
The Company is a $2.5 billion financial holding company headquartered in Corona and the parent company of Vineyard, 1031 Exchange Advantage Inc., and 1031 Funding & Reverse Corp (collectively, "the exchange companies"). Vineyard, also headquartered in Corona, operates through 16 full-service banking centers and three regional financial centers in the counties of Los Angeles, Marin, Orange, Riverside, San Bernardino, San Diego, Santa Clara and Ventura, CA. The exchange companies are headquartered in Encinitas, CA. The Company's common stock is traded on the NASDAQ Global Market System under the symbol "VNBC." For additional information on the Company visit www.vnbcstock.com or for additional information on Vineyard and to access internet banking, please visit www.vineyardbank.com. For additional information on the exchange companies visit www.1031exchangeadvantage.com.
[chart]stockcharts.com/c-sc/sc?chart=vnbc,uu[c,a]dhclyiay[db][pb5!d20,2][vc5!c20][iut!ub5!ua5,15,10!uv8!lk9!ll5!lc15!up5,5][j20444984,y]&r=3555[/chart]
Check out the Vineyard Preferred Stock board by clicking http://investorshub.advfn.com/boards/board.aspx?board_id=14717
To Buy Preferred Shares - Use the following symbols
VXC-D (ameritrade)
VXC.PR.D (Etrade)
VXCpD (Scott Trade)
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