First California Financial Group (FCAL)

[56Chevy]

I was asked on another board why I have an interest in this bank?

There are actually a couple of reasons. I'll answer one by showing a post from another board authored by my good friend Enterprising Investor. This was on the PCBCD board.

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Enterprising Investor Monday, December 27, 2010 10:04:09 PM
Re: nodice99 post# 561 Post # of 585

PCBC is not merely a bank.

It should be also viewed as an "investment vehicle". Ford, Webb & Co. are going to use PCBC to roll up community banks.

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For those who followed the PCBC success story this should be obvious that it might be wise to look for potential Calif acquisition candidate(s). *This is all pure speculation at this point. There has been nothing (official or unofficial) to indicate PCBC has any interest in FCAL what-so-ever.

The bottom line is FCAL is making all the right moves much like a PCBC would do. It stands as a good investment on its own whether acquired or not. And they have FDIC backing to acquire more...which is huge. The upside potential looks bright imo.