56Chevy Monday, 10/02/17 10:13:58 AM Re: Lazarus post# 148 Post # of 173 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. Marker: First Sound Bank (se (FSWA) 0.071 0.0 (0.00%) Volume: 0 When signing off letters or ending phone calls and conversations, we wish each other a “ketivah vachatimah tovah,” to be “written and sealed for good [in the Book of Life].