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56Chevy

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56Chevy

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Re: Lazarus post# 148

Monday, 10/02/2017 10:13:58 AM

Monday, October 02, 2017 10:13:58 AM

Post# of 175
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].

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