Replies to post #63 on Premiere Service Bank (fka PSBK)

[Enterprising Investor]

Merger may have provided an easier resolution.

Legacy Shareholders, which would most likely included a high-percentage of insiders, would have faced dilution. If shares had been sold to new investors, the price would have been nowhere near book value.

A merger allows Legacy Shareholders the opportunity to own a better capitalized bank.

[Enterprising Investor]

PSBK shareholders receiving a 52 percent premium.

Last trade $4.50.

[vpagano]

Why might a California bank pay over BV for another bank in a transaction?

The headline of this article may have something to do with it.

http://www.housingwire.com/articles/27823-california-home-prices-return-to-pre-recession-levels?utm_source=dlvr.it&utm_medium=twitter

[Enterprising Investor]

Proxy Statement

http://www.premierservicebank.com/corp/proxy/2014_%20Proxy_Statement.pdf