Replies to post #734 on United Western Bancorp Inc (fka UWBKQ)

[Mesa8888]

May 14th, 2010 UWBK filed lawsuit against Bank of America, Countryside : over one year and settlement may come out soon!
UWBK must get $$$$ from Bank of America! If UWBK get $$$ from Bank of America, UWBK pps triple up !!!

United Western Bancorp, Inc. (NASDAQ: UWBK) (the "Company") announced that United Western Bank, the federal savings bank subsidiary (the "Bank") of the Company, filed a lawsuit in the Second Judicial District in the City and County of Denver, Colorado for losses the Bank incurred relating to six private label mortgaged-backed securities (the "MBS") that the Bank purchased from Countrywide Financial Corporation and various of its subsidiaries listed in the complaint (collectively referred to herein as "Countrywide") in an aggregate original principal amount of approximately $108 million. In addition to Countrywide, the defendants in this proceeding include Bank of America Corporation,.......................

http://www.highbeam.com/doc/1G1-225701125.html

But most of important is: UWBK regain ownership of Bank from OTS & FDIC.............Good news coming out, pps must be pop & run up to $4/pps