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Re: free_bee post# 4

Tuesday, 09/24/2013 1:15:13 AM

Tuesday, September 24, 2013 1:15:13 AM

Post# of 22
Good find free_bee.

The bank is VERY well capitalized.

They owed $21MM in TARP they received in 2008 ...and paid it back in full in 2011.

Book Value is $4.70

Market Value today is $3.13

This represents a 33% discount to BV

http://banktracker.investigativereportingworkshop.org/banks/pennsylvania/johnstown/ameriserv-financial-bank/

http://finance.yahoo.com/q/ks?s=ASRV+Key+Statistics

*Looking ahead I think this bank has to be considered an attractive acquisition target.



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