Albina Community Banc (fka ACBCQ)

[56Chevy]

No link to a source exists yet that tells us point blank what OPCB paid per share but we do have other useful info that gives us other good insight into the deal between ACBC and OPCB.

Anytime anyone wants to buy a bank State and Federal regulators have to get involved and to complete this deal OPCB applied to become a bank holding company. Here is the order approving their application to become a BHC. In this document is other useful and insightful info.

http://www.federalreserve.gov/newsevents/press/orders/20130926a.htm

http://www.federalreserve.gov/newsevents/press/orders/orders20130926a1.pdf

The 2nd qtr financial statement gave the number of O/S at 1,073,310.

OPCB bought 90.1% of the company which means 9.1 new shares for each existing share had to be issued and sold. 9.1 X 1,073,310 = 9,767,121

$8.75MM is what OPCB paid in total.

If you divide $8.75MM by 9,767,121 shares it comes to 0.8958 or .90. That is the price OPCB paid.

This number would also closely represent a new book value.

A call to the company would verify the O/S.