Mechanics Bank of Richmond (MCHB)

[56Chevy]

The offer price represents a premium of approximately 62 percent over the last reported sale price of the Bank’s common stock on the OTC Bulletin Board on September 24, 2014, the day prior to the announcement of the transaction.

The bank was selling very closely to Book Value [$15,436] prior to Mr. Ford's offer of $26,832 per share .

In addition to providing shareholders with a substantial premium and immediate liquidity, Mechanics Bank would gain a strong partner who is committed to supporting our next phase of growth.

"...our next phase of growth". We've seen this movie before...it's PCBC all over again ;)

It was no accident Ford & Webb chose northern California.

Marker:
Mechanics Bank Of Ri (MCHB)
$24,345 0.0 (0.00%)
Volume: 0