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Enterprising Investor

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Re: 56Chevy post# 63

Monday, 11/04/2013 11:53:49 PM

Monday, November 04, 2013 11:53:49 PM

Post# of 79
Merger may have provided an easier resolution.

Legacy Shareholders, which would most likely included a high-percentage of insiders, would have faced dilution. If shares had been sold to new investors, the price would have been nowhere near book value.

A merger allows Legacy Shareholders the opportunity to own a better capitalized bank.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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