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Enterprising Investor

05/16/13 9:21 AM

#13 RE: BigCat #12

Think of it as a one-time event.

It relates to Settlement Agreement and Release with Fifth Third Bank. Fifth Third accepted $500,000 in full satisfaction of $5,828,000 in debt.

The gain greatly enhances book value and capital ratios improve much like the BNCC's insurance recovery.

The bank is much healthier going into the second quarter.