InvestorsHub Logo
Followers 129
Posts 5090
Boards Moderated 1
Alias Born 04/10/2008

Re: mick post# 3

Wednesday, 12/07/2016 12:46:50 PM

Wednesday, December 07, 2016 12:46:50 PM

Post# of 67
If memory serves me right the bank was closed by regulators and the FDIC in the summer of 2015.

Next the FDIC sold off the best of the assets to the highest bidder who happen to be another Georgia banker - Fidelity Bank out of Atlanta. The FDIC is on the hook for whatever sour assets that remained.

What you're seeing traded here are nothing but holding company shares stripped of its assets i.e. the bank itself. Think of these shares as the dirty bathwater minus the "baby".

I'm surprised the shares haven't been deregistered yet.

Marker:
.02 pps.

Sent by phone.










"...the more we engage our world via social media the more it builds a false sense of interconnectedness." ~~ Yael Eckstein