CIB Marine Bancshares Inc. (CIBH)

[chainma1l]

I would have appreciated them giving their reasoning for the decision. They don't really want their stock publicly traded anyway, so what is the point of the reverse split? I don't think a small bank like this is going to hold $15. Maybe this is some strategy to swap common for preferred, but I just don't see this being necessary at this stage of the game. With the economy in its current state, I don't know that expansion is wise unless they are going to acquire another bank.