First Sound Bank (FSWA)

[56Chevy]

What that bank official told you was completely right. Market value and book value are two different animals.

D & O of either the selling or the buying institution can at a minimum be heavily fined or at a maximum pay steep penalties and do jail time if the transaction varies too much from book value.

Small banks today on average are acquired for between 1 X BV ~ 1.7 X BV. Anything outside of that higher or lower will land D & O in hot water.

Mr. Market doesn't set bank acquisition prices. Value does.

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First Sound Bank (se (FSWA)
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