Just an observation based on past activity in our vast banking field. This is what stood out most to me in the article you provided...
Prior to Central Virginia Bank being acquired by C&F Financial Corporation there was plenty of activity in the preferred stock department. In this recent Quarterly we saw $243,000 added to the banks quarterly loss in preferred stock.... This tells me something may be in the works behind the scenes. Why add injury to insult unless you know something is brewing... I questioned this with Central Virginia Bank for several quarters prior to the acquisition details being disclosed. I kept saying to myself why are they(CVBK) adding to their loss with preferred shares when they are so close to profitability?
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