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Saturday, 02/11/2012 6:25:28 AM

Saturday, February 11, 2012 6:25:28 AM

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PSB Holdings, Inc. is the federally chartered stock holding company of Putnam Bank, and owns 100% of the interest of Putnam Bank. PSB Holdings, Inc. also owns investment securities valued at $1.2 million as of June 30, 2011. As of June 30, 2011, 57.1% interest of PSB Holdings, Inc. was owned by Putnam Bancorp, MHC. Putnam Bancorp, MHC is a federally chartered mutual holding company. The Company’s principal business consists of attracting deposits from the general public in Windham County and New London County, Connecticut and investing those deposits, together with funds generated from operations, primarily in one- to four-family residential mortgage loans and commercial real estate loans (including multi-family real estate loans), commercial loans, construction mortgage loans and consumer loans, and in investment securities. Its revenues are derived principally from interest on loans and securities, and from loan origination and servicing fees.

My stuff
Never, invest with money you need to survive. Diversify, patience, set tight stops. $20 or less in commission fees is almost always cheaper than a 5-40%+ drop in share value.