Community Shores Bank fka CSHB

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Live Updating

Renee

07/01/20 10:00 AM

Post #34

CSHB: Shareholders of Community Shores Bank (CSHB) shall have the right to receive i) $5.00 per share, and/or (ii) 0.17162 shares of ChoiceOne Financial Services, Inc. (NASDAQ: COFS).

FINRA deleted symbol:

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

norweger1979 Free

04/30/16 3:09 PM

Post #33

CSHB $2.25

Recent Developments

The Company’s risk profile continued to improve in 2015 as a result of credit quality stabilization and improved real estate valuations both of which translated into no calculated loan loss provision and fewer foreclosed asset impairment charges affecting core earnings.

As a result its trend towards regulatory safety and soundness, on December 29, 2015, the Bank received official notice from the FDIC and the Michigan Department of Insurance and Financial Services that the regulatory Consent Order entered into on September 2, 2010 was terminated effective December 16, 2015.

Management is pleased to report that due to capital raising efforts commenced in the fourth quarter of 2015 and completed on March 28, 2016, the Company has successfully raised net proceeds, after expenses, of approximately $4.770 million. As described in more detail in our Annual Report, with these proceeds, the Company repaid the interest due on its trust preferred securities totaling approximately $722,000; made a capital contribution to the Bank of approximately $3.35 million, and retained approximately $900,000 for general operating purposes.

The Company remains subject to the Written Agreement with the Federal Reserve Bank of Chicago, (the “FRB”), the Company’s primary regulator, which became effective on December 16,2010 when it was executed by the FRB. Management believes that the repayment of the overdue interest on the Company’s trust preferred securities and the strengthened capital position of the Bank will motivate the FRB to consider amending or terminating the Written Agreement. Management plans to work with the FRB to that end during the coming months.

http://www.sec.gov/Archives/edgar/data/1070523/000114420416094340/v436836_10k.htm

cgw

12/30/15 3:16 PM

Post #32

According to the offering documents, selling new shares at $2.55 will cause book value per share to be diluted down to $3.24 after the recapitalization. Stock seems cheap to me at 2.55 or less, considering insiders are buying a lot of new shares at the 2.55 price.

DCorleone

12/28/15 12:04 PM

Post #31

Watched this bank for over a year. Low float, even with additional shares.With low interest rates, CEO keeping local bank moving forward. Was down around $1.00 a year ago... Numbers down but still good.

goarmy123

02/06/15 12:15 AM

Post #30

Re: #29: @BigCat - A real volume alert here as of late!

I agree brudda! Lets enjoy some profits here!!!

BigCat

02/05/15 1:06 PM

Post #29

Re: #28: @goarmy123 - Volume alert brudda!

A real volume alert here as of late! BV: $5.50!!!!!!

goarmy123

12/09/14 11:21 PM

Post #28

Re: #26: @BigCat - I don't see any problems with Community Shores.

Volume alert brudda!

goarmy123

09/05/13 7:58 PM

Post #27

Re: #26: @BigCat - I don't see any problems with Community Shores.

I agree this is a solid bank and I will hit you up on that board! But, I also think the next Q will drop the PPS here in my opinion. Glad you took profits bro!

BigCat

09/05/13 7:58 AM

Post #26

Re: #25: @goarmy123 - Joey. You gonna sell before the next Q

I don't see any problems with Community Shores. Solid little bank that continues to improve on their profitable position. I definitely see this going higher, but I got in super cheap and sold my shares between $2.50-3.00. I couldn't resist. I did the same with FMAR. You should come check out The Bank Recovery Room. We have a great group of investors over there, seeking undervalued banks. A couple of my favorites right now are CIBH and ACBC. Both are under a buck and I have several reasons why each are my favorite. Hope to see you on the Board!!!

goarmy123

09/05/13 1:35 AM

Post #25

Re: #20: @BigCat - Good to know... I'm holding my shares!

Joey. You gonna sell before the next Q and take profit's? Or are ya gonna ride the one Q gains as reported?

goarmy123

08/26/13 7:46 PM

Post #24

$CSHB I will be up-dating the I-box soon! Undervalued in my opinion.

goarmy123

08/26/13 7:45 PM

Post #23

$CSHB doing well in my opinion.

goarmy123

08/26/13 7:45 PM

Post #22

$CSHB Nice little diamond in the rough in my opinion!

goarmy123

08/26/13 7:44 PM

Post #21

I see this has came a long way from the nickle it used to be smile

BigCat

06/14/13 8:10 PM

Post #20

Re: #19: @pinchingbug - Oh yea. This bank is solid. I live

Good to know... I'm holding my shares!

pinchingbug Terminated

06/11/13 11:56 AM

Post #19

Re: #18: @BigCat - Nope not me bro but welcome to the

Oh yea. This bank is solid. I live about 7 miles from the head quarters. I have "ran" into some of the board members also. They are prominent business owners in the area.

BigCat

06/11/13 10:49 AM

Post #18

Re: #15: @pinchingbug - Is this joe from e-trade? I chatted with

Nope not me bro but welcome to the board! Good to have ya here. I think you're right. This is a solid little bank!

Check out, The Bank Recovery Room.

pinchingbug Terminated

06/07/13 8:27 AM

Post #17

Re: #16: @pinchingbug - $CSHB Solid little bank imo.

$CSHB Sitting the bid for more cheapies!

pinchingbug Terminated

06/07/13 8:25 AM

Post #16

Re: #15: @pinchingbug - Is this joe from e-trade? I chatted with

$CSHB Solid little bank imo.

pinchingbug Terminated

06/07/13 8:25 AM

Post #15

Re: #14: @BigCat - I see... What a deal for them!

Is this joe from e-trade? I chatted with you about cshb and wow pps movement rocked!

BigCat

05/16/13 9:36 AM

Post #14

Re: #13: @Enterprising Investor - Think of it as a one-time event.

I see... What a deal for them!
Thanks for your knowledge EI!!! I appreciate that information...

Enterprising Investor PremiumMember

05/16/13 9:21 AM

Post #13

Re: #12: @BigCat - Does that nullify their numbers they posted for

Think of it as a one-time event.

It relates to Settlement Agreement and Release with Fifth Third Bank. Fifth Third accepted $500,000 in full satisfaction of $5,828,000 in debt.

The gain greatly enhances book value and capital ratios improve much like the BNCC's insurance recovery.

The bank is much healthier going into the second quarter.

BigCat

05/16/13 9:16 AM

Post #12

Re: #11: @Enterprising Investor - Large portion of income is non-recurring.

Does that nullify their numbers they posted for the quarter?

Enterprising Investor PremiumMember

05/16/13 9:12 AM

Post #11

Re: #10: @BigCat - $3.61 Per Share, Over 5mil this Q!!!!

Large portion of income is non-recurring.

Gain on the extinguishment of debt was $5.3 million. After adjusting for the gain, income before taxes was $146,880.

BigCat

05/15/13 7:36 PM

Post #10

$3.61 Per Share, Over 5mil this Q!!!!

Holy F'n A!!!

BigCat

05/01/13 1:12 PM

Post #9

7K on the Ask, Ouch.

BigCat

04/25/13 12:46 PM

Post #8

Re: #7: @BigCat - $2.50! Woooohooo! I I enjoy chatting with myself

$3.00 up, $2.50 on the bid!!!

BigCat

04/24/13 4:01 PM

Post #7

Re: #6: @BigCat - Still looks steady over here... Enjoying this climb

$2.50! Woooohooo! I I enjoy chatting with myself on this board...

BigCat

04/24/13 9:53 AM

Post #6

Still looks steady over here... Enjoying this climb into the 2 dollar range.

BigCat

04/17/13 6:00 AM

Post #5

Re: #4: @BigCat - Profitable again...

2012 was a pivotal year for our Company. In tandem with the slow, steadily improving local and national economies, Community Shores Bank returned to profitability and the Company stabilized at breakeven. After struggling through one of the worst economic climates in recent history, we believe that we are now well on the road to recovery.

On any prolonged journey, we look for mile markers as indications of how far we have traveled. Last year we made good progress. The Bank achieved four consecutive, profitable quarters resulting in annualized earnings of $749,000. This was better than anticipated and, excluding a one-time gain on sale of Bank owned land, was predominantly realized through normal operations as a result of an intense focus on asset quality improvements and improved funding costs.

BigCat

04/17/13 5:58 AM

Post #4

Profitable again...

BigCat

04/17/13 5:54 AM

Post #3

Re: #2: @BigCat - This woke up recently...

OS 1,468,800
AS 9,000,000

BigCat

04/17/13 5:52 AM

Post #2

This woke up recently...

goarmy123

12/24/11 7:01 PM

Post #1

Hello all. I will update the Ibox ASAP!

Community Shores Bank fka CSHB

Followers	3	Posters	8
Posts (Today)	0	Posts (Total)	34
Created	12/24/11	Type	Free
Moderators

Business Summary

Community Shores Bank Corporation operates as the holding company for Community Shores Bank that provides commercial and consumer banking services primarily in the communities of Muskegon County and Northern Ottawa County, Michigan. Its deposit products include checking and savings accounts, certificates of deposit, and time deposits of various types. The company's loan portfolio comprises residential mortgage loans; personal loans and lines of credit for various purposes, such as the purchase of automobiles, boats and other recreational vehicles, home improvements, and personal investments; and commercial and commercial real estate loans for general operating purposes, as well as for the acquisition of fixed assets, including real estate, purchase of equipment and machinery, and financing of inventory and accounts receivable. It also offers consumer loans, including fixed home equity and equity lines of credit, new and used automobile loans, boat loans, personal unsecured lines of credit, credit cards, and overdraft protection for checking account customers. In addition, the company provides safe deposit boxes; courier services; and electronic banking services, such as ACH and online bill pay. As of August 4, 2011, it served businesses and consumers in the western Michigan counties of Muskegon and Ottawa through four branch offices. The company was founded in 1998 and is based in Muskegon, Michigan.

http://www.communityshores.com/

http://www.communityshores.com/investor_relations.asp

http://www.communityshores.com/cshb-20110930.zip

http://www.communityshores.com/speedbump.asp?link=http://www.otcbb.com/asp/Info_Center.asp?symbol=cshb

Investor Relations

Corporate Profile
COMMUNITY SHORES BANK CORPORATION (NASDAQ - CSHB)

Community Shores Bank Corporation is a bank holding company and 100% owner of Community Shores Bank (the Bank). The Bank provides a full range of commercial and consumer banking services primarily in the communities of Muskegon and Northern Ottawa counties, Michigan. The Bank's services include checking and savings accounts, certificates of deposit, safe deposit boxes, courier service and loans for commercial, mortgage and consumer purposes. The Bank offers a broad range of deposit services, including checking accounts, savings accounts and time deposits of various types. Transaction accounts and time certificates are tailored to the principal market area. The Bank solicits these accounts from individuals, businesses, schools, associations, churches, non-profit organizations, financial institutions and government authorities.

Important Holding Company Documents
(PDF Format - Requires Adobe Acrobat Reader)

Notice of Intent to Delist from Nasdaq

Section 16 - Forms 3, 4 and 5

Community Shores Bank Corporation 1030 West
Norton Avenue
Muskegon, MI 49441
(231) 780-1800

Investor Relations Contacts
Ms. Heather D. Brolick
hbrolick@communityshores.com
(231) 780-1845

Ms. Tracey A. Welsh
twelsh@communityshores.com
(231) 780-1847

Transfer Agent
Registrar and Transfer Company
10 Commerce Drive
Cranford, New Jersey 07016
(800) 368-5948

Source: E-Trade. 12/24/11. Will Update when TA Confirms!

Market Cap	176.3 K
Shares Outstanding	1.5 M

Bruce J. Essex

Independent Director

Community Shores Bank Corporation

Muskegon , MI

Sector: FINANCIAL / Regional - Southwest Banks

61 Years Old

Bruce J. Essex (Director) is Chairman of Port City Die Cast. From 1982 until 2001, Mr. Essex owned and operated the Port City Group, a group of companies including Port City Die Cast, Port City Metal Products, Muskegon Castings Corp., and Mirror Image Tool. Mr. Essex has over 40 years experience in the die casting industry. He is a principal in Port City Custom Plastics and Port City Castings Corporation, and serves as a Director on the Boards of Reid Tool, and Supreme Machines. He is also a principal in Buck Snort Products, a rustic hardware and furnishings retail store, and Snow Protect, a manufacturer of snow retention products.

http://people.forbes.com/profile/bruce-j-essex/21820

Top Executives at Community Shores Bank Corporation

Heather D. Brolick	CEO/CEO, Subsidiary/Director/President/President, Subsidiary
John M. Clark	Secretary/Senior VP/Senior VP, Subsidiary
Bruce J. Essex	Director
Julie K. Greene	Director
Gary F. Bogner	Chairman of the Board/Director/Chairman of the Board, Subsidiary
Robert L. Chandonnet	Vice Chairman/Vice Chairman, Subsidiary
Tracey A. Welsh	CFO/CFO, Subsidiary/Chief Accounting Officer/Senior VP/Senior VP, Subsidiary/Treasurer
Stephen P. Moreland	Director
Jonathan L. Smith	Director

INSIDER TRANSACTIONS

Date Name Shares Transaction Value

12/03/2009	Bruce J. Essex Director	7,000	Award at $0.82 per share.	5,740
10/28/2008	Bruce J. Essex Director	32,000	Acquisition at $3.95 per share.	126,400
09/23/2008	Gary F. Bogner Director	4,000	Acquisition at $4.25 per share.	17,000
09/18/2008	Gary F. Bogner Director	20,000	Acquisition at $4.45 per share.	89,000
08/25/2008	Gary F. Bogner Director	10,000	Acquisition at $4.2 per share.	42,000
11/16/2007	BERGGREN RALPH R Senior Vice President	1,000	Acquisition at $8.75 per share.	8,750
11/15/2007	RICE BRUCE C Director	400	Acquisition at $8.5 per share.	3,400
11/02/2007	CHERETTE DENNIS L Director	1,800	Acquisition at $7.7 per share.	13,860
11/02/2007	CHERETTE DENNIS L Director	900	Acquisition at $7.3 per share.	6,570
11/02/2007	CHERETTE DENNIS L Director	400	Acquisition at $7.25 per share.	2,900
11/02/2007	CHERETTE DENNIS L Director	800	Acquisition at $7.72 per share.	6,176
11/02/2007	CHERETTE DENNIS L Director	100	Acquisition at $9.86 per share.	986
11/02/2007	CHERETTE DENNIS L Director	100	Disposition at $9.54 per share.	954
04/04/2007	SPOELMAN ROGER W Director	500	Acquisition at $12.02 per share.	6,010

Date Name Shares Transaction Value

12/03/2009	Bruce J. Essex Director	7,000	Award at $0.82 per share.	5,740
10/28/2008	Bruce J. Essex Director	32,000	Acquisition at $3.95 per share.	126,400
09/23/2008	Gary F. Bogner Director	4,000	Acquisition at $4.25 per share.	17,000
09/18/2008	Gary F. Bogner Director	20,000	Acquisition at $4.45 per share.	89,000
08/25/2008	Gary F. Bogner Director	10,000	Acquisition at $4.2 per share.	42,000
11/16/2007	BERGGREN RALPH R Senior Vice President	1,000	Acquisition at $8.75 per share.	8,750
11/15/2007	RICE BRUCE C Director	400	Acquisition at $8.5 per share.	3,400
11/02/2007	CHERETTE DENNIS L Director	1,800	Acquisition at $7.7 per share.	13,860
11/02/2007	CHERETTE DENNIS L Director	900	Acquisition at $7.3 per share.	6,570
11/02/2007	CHERETTE DENNIS L Director	400	Acquisition at $7.25 per share.	2,900
11/02/2007	CHERETTE DENNIS L Director	800	Acquisition at $7.72 per share.	6,176
11/02/2007	CHERETTE DENNIS L Director	100	Acquisition at $9.86 per share.	986
11/02/2007	CHERETTE DENNIS L Director	100	Disposition at $9.54 per share.	954
04/04/2007	SPOELMAN ROGER W Director	500	Acquisition at $12.02 per share.	6,010