Waccamaw Bankshares (fka WBNK)

[56Chevy]

Considering the recent effects the Occupy Wall St (OWS) movement has had in the banking sector overall I consider many publically traded small banks and credit unions to be "event driven" and therefore to me a consideration to buy. How long will it last is anyones guess but once people change banks - for whatever reason - has to be cause for alarm for the big banks.

Credit Unions Poach Clients

NOVEMBER 7, 2011

By SUZANNE KAPNER

Thousands of people flooded into credit unions and small banks over the weekend as part of Bank Transfer Day, an effort to prod depositors to abandon giant banks. But at least some of the big banks won't mind losing those customers.

On Saturday, the Boeing Employees' Credit Union in Seattle signed up a one-day record 659 new members. At the grand opening of a Randolph-Brooks Federal Credit Union branch in Pflugerville, Texas, the parking lot was so full that customers had to leave their cars across the street.


http://online.wsj.com/article/SB10001424052970203733504577021972358085822.html

* I do not agree with the OWS movement...and do not suggest anyone buy or sell any stock based on my posted opinion(s).