BNCCORP, Inc. (BNCC)

[vpagano]

In 2010, the holding company entered into a memorandum of understanding with the Federal Reserve Bank (the Fed) that restricted payments related to the Company's common stock, preferred stock and debt without prior written permission from the Fed. This memorandum of understanding with the Fed was terminated in the fourth quarter of 2012.

We're moving along nicely, time to take out BV currently at $14.49.