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What that bank official told you was completely

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56Chevy Member Level  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.

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