Home > Boards > US OTC > Delisted > Midwest Banc Holdings Inc (fka MBHIQ)

e-mail I received from the FDIC said they

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
MYOB Member Profile
 
Followed By 2
Posts 505
Boards Moderated 0
Alias Born 02/11/10
160x600 placeholder
MYOB   Tuesday, 05/18/10 01:48:32 PM
Re: Entangled Proton post# 157
Post # of 182 
e-mail I received from the FDIC said they seized the bank. I'm not claiming to know exactly how this went down but I have not seen an instance where they turned an institution over to a "conservator". The Feds ARE the conservator so to speak, not an outsider. FDIC may transfer deposits & select loan portfolios over to another bank willing to assume them on a discounted basis but the stock in the seized bank is not part of that equation. That would only happen if Bank A PURCHASED Bank B and tendered an offer for outstanding shares therefore assuming all liabilities of Bank B. If that was the case the FDIC would not have seized the bank & shut it down. JMO

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist