Replies to post #22 on Bank of Granite Corporation (GRAN)

[CohibaMan]

Not yet, but you never know. They are still under the control of the FDIC. They are frantically looking for a way to rescue themselves. The 3 things that can happen are:

1. They get merged with another bank.

2. They continue under FDIC for a long time until the economy picks up and they get back in business.

3. They just close down.

Option 3 is probably the most probable, with option 1 a close second. If they start closing branches down, then they will be trying to save themselves under option 2.

All my opinion. I haven't counted them out yet. I am still waiting for a bottom before I take a good look at this bank to see if it is worth an investment. In the LONG run, should it come back to life, it can be quite profitable.