Syringa Bancorp (fka SGBP)

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Renee

04/01/22 5:45 PM

Post #96

SGBP FINRA deleted symbol:

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

Renee

05/13/19 10:01 AM

Post #95

SGBP SEC Suspension because of questions regarding the adequacy and accuracy of information about the company.

https://www.sec.gov/litigation/suspensions/2019/34-85835.pdf

Order:

https://www.sec.gov/litigation/suspensions/2019/34-85835-o.pdf

BigCat

02/03/14 1:42 PM

Post #94

Re: #93: @illegal_alias - Joey, I dumped the last 4500 SGBP this

I did the same this morning... Dumped my last 10,000. I had 25,000... Sold 15,000 for a nice profit.

illegal_alias Grandfathered

02/03/14 9:52 AM

Post #93

Re: #92: @BigCat - IA is spot on. Syringa is a goner...

Joey, I dumped the last 4500 SGBP this morning in my taxable acct. Overall, SGBP treated me well, making me about $2000+ last year, so taking this morning's loss of $265 was acceptable. It was my only bank with a troubled asset ratio above 150, which over the last 2-3 years seems to be the cut-off for FDIC forced closures and sales. MY other financials I still hold are doing well overall - NHLD (up 87%), BCAR (up 38%), BFCF (down 4%), MBNC (up 56%).

BigCat

02/02/14 7:39 AM

Post #92

Re: #90: @silvergun - So is there any chance of someone buying

IA is spot on. Syringa is a goner... A one bank holding company. No hope for a resurrection here.

illegal_alias Grandfathered

02/02/14 6:55 AM

Post #91

Re: #90: @silvergun - So is there any chance of someone buying

This is dead. Generally, when this happens, the failed bank's facilities reopen under the new name, Sunwest in this case. Sunwest may choose to close branches or sell them. They may also chose to sell the load portfolio or other assets, but SGBP is dead.

silvergun

02/01/14 11:39 AM

Post #90

Re: #89: @BigCat - https://syringabank.com

So is there any chance of someone buying syringa assets or is this dead ?

BigCat

02/01/14 8:27 AM

Post #89

Re: #87: @silvergun - Volume today but at .02

https://syringabank.com

illegal_alias Grandfathered

02/01/14 8:00 AM

Post #88

Re: #84: @SaltyMutt - I think the D- grade you assigned SGBP

Bad news Salty - http://www.calculatedriskblog.com/2014/01/bank-failure-3-in-2014-syringa-bank.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+(Calculated+Risk)

silvergun

01/31/14 3:34 PM

Post #87

Re: #86: @illegal_alias - Yep, haven't heard diddly about that.

Volume today but at .02

illegal_alias Grandfathered

11/07/13 1:56 PM

Post #86

Re: #85: @56Chevy - The unknown is the $10MM in escrow Salty...

Yep, haven't heard diddly about that.

56Chevy

11/05/13 6:25 PM

Post #85

Re: #84: @SaltyMutt - I think the D- grade you assigned SGBP

The unknown is the $10MM in escrow Salty... I'd like to hear from the horses' mouth if its still in escrow. I would think so but assumptions can be perilous...and the horse ain't talkin'.

SaltyMutt

11/05/13 6:20 PM

Post #84

Re: #83: @56Chevy - Syringa Bank continues to struggle heavily

I think the D- grade you assigned SGBP is an accurate one. There is still some hope for Syringa but what hope that's still left is quickly slipping away and the bank could easily end up just another story of "what might have been". The very fine trajectory it was on just a few months back has turned into a puddle of red ink. If the last quarter of the year doesn't show an improvement, well, I think their grade goes to F-.

56Chevy

11/04/13 5:05 PM

Post #83

Syringa Bank continues to struggle heavily

Net Operating Income -1,709

https://cdr.ffiec.gov/public/Reports/UbprReport.aspx?rptCycleIds=75%2c71%2c72%2c67%2c63&rptid=283&idrssd=2540537&peerGroupType=&supplemental=

...there's no sugar coating these 3rd qtr results.

YoY - Asset base is down...equity is nearly cut in half..they still owe TARP... etc etc etc.

And to top it off its still very difficult to get information from this bank. Having problems is one thing ...everybody knows banking has been a bear these past 5 years...but when communication never goes beyond the boardroom walls except once a year that's never a good sign.

If you treat your shareholders like that...then its a fair assumption that your customers probably aren't getting as much attention & respect as they deserve either ":~(

I hold no shares ...I grade SGBP a D- ..and falling. In my mind this 3rd qtr was the last hope to see signs of a robust turn-around for the bank. I just don't see it...the regulators can't be thrilled either.

BigCat

08/29/13 2:04 PM

Post #82

Re: #81: @BigCat - I liked the trade today... Bid hit with

Unfortunately it looks like that bid turned into the ask... Stupid flippers!

BigCat

08/29/13 1:51 PM

Post #81

Re: #80: @SaltyMutt - We'll soon be coming up on another report.

I liked the trade today... Bid hit with 5K with another 5K to back it up @ .17!

SaltyMutt

08/26/13 11:12 AM

Post #80

Re: #79: @illegal_alias - In that case, I'll opt for wine -

We'll soon be coming up on another report. I'm hoping the 3rd quarter is good to SGBP and pushes the pps up to the .50 level.

illegal_alias Grandfathered

08/26/13 10:09 AM

Post #79

Re: #78: @SaltyMutt - I think the day is coming when SGBP

In that case, I'll opt for wine - less filling!

SaltyMutt

08/06/13 3:32 PM

Post #78

Re: #77: @illegal_alias - Yep, but it's my smallest holdings of the

I think the day is coming when SGBP will also be able to supply a whole lot of pizza to go along with that beer.

illegal_alias Grandfathered

08/06/13 3:00 PM

Post #77

Re: #76: @SaltyMutt - Nice to see the SGBP bid and ask

Yep, but it's my smallest holdings of the small banks. Hard to find info, so I hesitated, so I'll miss out on any big $$ on that one if it happens. Beer money and lessons at best.

SaltyMutt

08/06/13 2:47 PM

Post #76

Re: #75: @illegal_alias - I saw that after the close. Big spread

Nice to see the SGBP bid and ask come a little closer together.

illegal_alias Grandfathered

07/19/13 4:27 PM

Post #75

Re: #74: @SaltyMutt - Looks like SGBP has begun it's trip to Buckville.

I saw that after the close. Big spread again, but someone tapped the .25s. I'd like to see the bid side move up with it as well. When you think about it, anyone with a spare $1 million could offer .25/share and buy controlling interest. I know its not that simple, but .25 is the ask.

SaltyMutt

07/19/13 4:22 PM

Post #74

Re: #73: @illegal_alias - My thoughts are that SGBP might get bought

Looks like SGBP has begun it's trip to Buckville.

illegal_alias Grandfathered

07/17/13 4:01 PM

Post #73

Re: #70: @SaltyMutt - My thoughts are that SGBP might be a

My thoughts are that SGBP might get bought out and taken private. I found the following:
http://www.federalreserve.gov/releases/h2/20100612/sanfrancisco.htm
Scroll to last entry. If the Arguinchonas have 31.82% of the o/s (5.9 mil when last reported), that is 1,877,380 shares. Looks like at most, 4 mil shares in the float.

Recall, too, that about 10 million was put in escrow by local investors 2 years ago, which would be released to the bank if certain milestones were met. Not sure if that is still on the table. So if the Arguinchonas and local investor buy about 1.08 million shares on the market, then they control just over 50% of the o/s. Or, most likely would be a Reg D offering of somewhere around 3 million shares to investors or open it to existing shareholders and the insiders buy the bulk of it.

JMO FWIW.

warren1

07/16/13 10:49 AM

Post #72

Looking good again today!

warren1

07/15/13 2:13 PM

Post #71

Re: #70: @SaltyMutt - My thoughts are that SGBP might be a

I like your sense of humor, Salty!

Yes, I will have patience here and I think we will do very well.

SaltyMutt

07/15/13 1:48 PM

Post #70

Re: #69: @warren1 - As long as they are going in the

My thoughts are that SGBP might be a little slower than some of the other banks we follow but will probably become more valuable. Shouldn't be a problem for either one of us. We are pros at waiting. lol

warren1

07/15/13 1:41 PM

Post #69

Re: #68: @SaltyMutt - I don't expect SGBP to show a profit

As long as they are going in the right direction, that's what I want to see!

SaltyMutt

07/15/13 1:15 PM

Post #68

Re: #67: @warren1 - Looks like SGBP is getting some attention, hopefully

I don't expect SGBP to show a profit this quarter but I do expect that their numbers will look a lot better than thay have been looking. I do think there is a very good chance for Syringa to show a profit next quarter. If they are profitable this quarter, I sure won't mind being wrong!

warren1

07/15/13 12:59 PM

Post #67

Re: #66: @SaltyMutt - TY for pointing that out. I think Syringa

Looks like SGBP is getting some attention, hopefully good news to come about last quarter.

SaltyMutt

07/15/13 12:36 PM

Post #66

Re: #65: @illegal_alias - Well, someone just took out the 20K shares

TY for pointing that out. I think Syringa is going to make us a bunch very proud shareholders before the year is out.

illegal_alias Grandfathered

07/15/13 12:26 PM

Post #65

Re: #64: @SaltyMutt - I guess what goes zooming up can come

Well, someone just took out the 20K shares at .1735. B X A now .09 X .25

SaltyMutt

06/24/13 6:23 PM

Post #64

Re: #63: @silvergun - Yes me too. I was lucky to get

I guess what goes zooming up can come back down just as fast. I can't say I'm sorry to see that happen though. Now, if the ask will just follow the pps. I would still like to get a few more cheap shares.

silvergun

06/22/13 11:58 AM

Post #63

Re: #62: @SaltyMutt - I was hoping to get a few more

Yes me too. I was lucky to get shares at .051. Maybe it will drop back down since the volume at .25 is only 100 shares but longterm uptrend is happening !!! Nice.

SaltyMutt

06/21/13 6:31 PM

Post #62

Re: #60: @56Chevy - Kinda makes a person feel like passing up

I was hoping to get a few more shares at .05 or .06 but I'm afraid I agree with you, those days are over and I doubt they come back. I also agree with you 100% that in six months .25 is going to look very cheap indeed.

illegal_alias Grandfathered

06/21/13 4:13 PM

Post #61

Re: #60: @56Chevy - Kinda makes a person feel like passing up

Guess so!

56Chevy

06/21/13 2:31 PM

Post #60

Re: #59: @BigCat - .25 up on the ask!!!

Kinda makes a person feel like passing up all those days when we could get all we wanted for less than a dime wasn't such a good idea!

I definitely think those days are over!..and to be honest .25 will look just as cheap in 6 months.

BigCat

06/21/13 1:50 PM

Post #59

Re: #58: @SaltyMutt - According to Scottrade, that is the case. I

.25 up on the ask!!!

SaltyMutt

06/20/13 11:27 AM

Post #58

Re: #57: @warren1 - I'm showing volume of only 100 shares, can

According to Scottrade, that is the case. I assume someone used some "loose change" in their account to buy those shares.

warren1

06/20/13 11:15 AM

Post #57

I'm showing volume of only 100 shares, can anyone confirm this? Thanks!

illegal_alias Grandfathered

06/20/13 11:09 AM

Post #56

Re: #55: @SaltyMutt - Considering the gap that now exists between the

That appears to be so. Hopefully this bodes well for the next earnings/call report to the FDIC.

SaltyMutt

06/20/13 10:39 AM

Post #55

Re: #54: @illegal_alias - OT. I requested a board for BKOT.

Considering the gap that now exists between the bid and the ask it could be that the really cheap shares of SGBP are now history.

illegal_alias Grandfathered

06/18/13 9:45 PM

Post #54

Re: #52: @SaltyMutt - It appears that a few people have developed

OT. I requested a board for BKOT.

silvergun

06/18/13 5:50 PM

Post #53

Re: #52: @SaltyMutt - It appears that a few people have developed

I grabbed a few today at .06

SaltyMutt

06/18/13 4:42 PM

Post #52

Re: #51: @illegal_alias - Boise has a great reputation. I've subscribed

It appears that a few people have developed an interest in SGBP if today's trading activity is any indication. I tried to pick up some more shares during the last hour at .06 but to no avail.

illegal_alias Grandfathered

06/04/13 4:34 PM

Post #51

Re: #50: @SaltyMutt - I just called the Boise Chamber of Commerce

Boise has a great reputation. I've subscribed to Money Magazine for years and it consistently makes Money's various "best cities" lists - to live, to retire, to launch a business, etc. It makes a lot of other lsits, too, such as Forbes (best places to raise a family) and many others. Link from the city website - http://www.boiseidaho.gov/notes-info/boise-list-of-lists/

For me, too cold, and too far from beach, but I wouldn't mind visiting. The northern Plains and Northwest are the two parts of the country I haven't visited (except Seattle).

SaltyMutt

06/04/13 4:20 PM

Post #50

Re: #49: @illegal_alias - The housing market for Boise area looks pretty

I just called the Boise Chamber of Commerce and asked how many different phone books are in the Boise area. The girl I talked with didn't know but gave me the number to Dex, a phone book company that services Boise. I called Dex and according to them, there are four different phone books in Boise. This may sound silly but to me, a city or town that can support four different phone books just might be a place where a bank recovery can happen.

illegal_alias Grandfathered

06/04/13 3:31 PM

Post #49

Re: #48: @SaltyMutt - Great find! I would think that this means

The housing market for Boise area looks pretty solid - http://www.bestplaces.net/housing/zip-code/idaho/boise/83709
and latest Brooking report on the local economy was positive http://stateimpact.npr.org/idaho/2012/09/18/boise-economy-shows-relative-strength-in-shaky-recovery/

Having a good economy helps.

SaltyMutt

06/04/13 3:07 PM

Post #48

Re: #46: @illegal_alias - Syringa continues hiring - mortgage loan processor - https://syringabank.com/fil

Great find! I would think that this means a little more than SGBP just needing to fill a desk. Considering the type of jobs they are, I would tend to think that jobs like these are a bit more "forward looking" than say a cashiers job where someone has to be hired out of necessity.

BigCat

06/04/13 2:21 PM

Post #47

Re: #46: @illegal_alias - Syringa continues hiring - mortgage loan processor - https://syringabank.com/fil

Bodes well for the future of this little Bank, I do say so myself...
Nice find.

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Syringa Bancorp (fka SGBP)

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Created	04/06/13	Type	Free
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Syringa Bank

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