Albina Community Bancorp (ACBCQ)

[chico hombre2]

Motion for Asset Sale Approved for Albina Community Bancorp

Nov 7 17
The US Bankruptcy Court gave an order approving the sale of certain assets of Albina Community Bancorp on November 7, 2017. The debtor has been authorized to sell 100,000 shares of stock of Albina Community Bank to State Bancorp Inc., the stalking horse bidder, for a purchase price of $1.25 million. The assets include 100,000 Shares of Albina Community Bank Stock which represents approximately 9.9% of the common stock. The debtor did not receive any other competing bids for the purchase of its assets and therefore State Bancorp emerged as the winning bidder.



100K shares for 1.25M is worthless.......lol do your DD


https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=2954792