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Syringa Bank continues to struggle heavily

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56Chevy Member Level  Monday, 11/04/13 05:05:24 PM
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Syringa Bank continues to struggle heavily

Net Operating Income -1,709

https://cdr.ffiec.gov/public/Reports/UbprReport.aspx?rptCycleIds=75%2c71%2c72%2c67%2c63&rptid=283&idrssd=2540537&peerGroupType=&supplemental=

...there's no sugar coating these 3rd qtr results.

YoY - Asset base is down...equity is nearly cut in half..they still owe TARP... etc etc etc.

And to top it off its still very difficult to get information from this bank. Having problems is one thing ...everybody knows banking has been a bear these past 5 years...but when communication never goes beyond the boardroom walls except once a year that's never a good sign.

If you treat your shareholders like that...then its a fair assumption that your customers probably aren't getting as much attention & respect as they deserve either ":~(

I hold no shares ...I grade SGBP a D- ..and falling. In my mind this 3rd qtr was the last hope to see signs of a robust turn-around for the bank. I just don't see it...the regulators can't be thrilled either.















Investing requires continuous learning, even though the underlying concepts (buy-low-sell-high, margin of safety, etc.) never change.
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