56Chevy Monday, 10/02/17 03:42:57 PM Re: Lazarus post# 153 Post # of 173 Sorry for the loss. 1X is on the lowest end of the average buyout. Unfortunately not all banks are created equal. For example geographic footprint of the selling bank is not considered in calculating book value but it plays a huge role in determining whether or not the selling bank can command a hefty premium. What state(s) or region(s) was this bank operating in? 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].