They want it for pennies on the dollar bought from the FDIC. My wife used to work for Riverside Bank, Riverside bank was taken over by the FDIC when they went under, TIB bank (Treasure Island Bank) got it for literally pennies on the dollar. No one knew it was going to happen the FDIC literally stormed the bank headquarters at 4pm on a Friday and the following tuesday (Monday was a holiday) Bing Bang TIB bank had acquired 10 or so branches of Riverside Bank. Not to say this is what will happen here, but I'm glad I did my 3 flips made a little money and am not holding any shares here anymore. Nor will I from here out unless I get really brave for an couple hour flip of shares or something. I wouldn't hold it overnight and definitely over the weekend personally.
That said Good luck here I hope it works out.
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