Tri-Valley Bank (fka TRVB)

[56Chevy]

Nice deal for Mr. Taylor & Co....and includes warrants!

Win / Win for the bank and it's new investors. Perfect!

The Bank has agreed to sell 6,060,606 shares and warrants to purchase an additional 2,020,202 shares to Mr. Taylor for aggregate proceeds of $2.0 million. The warrants, which will be exercisable for four years following the date of issuance, will entitle the holder to purchase shares of the Bank’s common stock at the price of $0.33 per share. The Bank separately agreed to sell an additional 1,515,152 shares of common stock without warrants for $500,000, which is $0.33 per share, to two other individuals, including a member of the bank’s Board of Directors. The Bank’s Tier 1 leverage ratio is expected to exceed 10% after the close of the private placement.

After the investment, Mr. Taylor will hold approximately 18% of the Bank’s outstanding common stock and the right to purchase an additional 5.8% upon exercise of the warrants.

The Bank’s book value was $0.31 per share at September 30, 2014.

P/B is currently 0.8387. TRVB can be bought at a nice 16% + discount..AND more importantly can be bought at a lower price than what the new insider investor(s) just paid. If a retail investor, of any size, is waiting for a green light to pull the trigger on an investment opportunity - that would be it!!

Marker:
Tri-valley Bank (ram (TRVB)
0.26 up 0.01 (4.00%)
Volume: 27,000