Mother Lode Bank (fka MOLB)

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating

Renee

12/24/15 1:05 PM

Post #39

MOLB: Cash merger; MOLB was acquired by Oak Valley Bancorp (NASDAQ: OVLY); for every 1 share of MOLB, shareholders will receive $1.65 in cash.

FINRA delete symbol:

http://otce.finra.org/DLDeletions

genlou

12/24/15 4:31 AM

Post #38

Re: #34: @SaltyMutt - February 18, 2014

Oak Valley Bancorp Completes Acquisition of Mother Lode Bank
Salty

OAKDALE, CA -- (Marketwired) -- 12/23/15 -- Oak Valley Bancorp (NASDAQ: OVLY) (the "Company"), the bank holding company for Oak Valley Community Bank and Eastern Sierra Community Bank, reported today that it completed its acquisition of Mother Lode Bank (OTC PINK: MOLB) upon the merger of Mother Lode Bank into Oak Valley Community Bank. The aggregate consideration paid by the Company in the acquisition, including cash consideration to holders of outstanding stock options, was approximately $7.3 million in exchange for all outstanding common stock shares.

As announced on August 27, 2015, the Company entered into an agreement to acquire Mother Lode Bank, a California-state chartered bank having $78 million in assets and two branches in Sonora, CA. Oak Valley Community Bank opened its second branch in Sonora earlier this month and plans to close the two Mother Lode Bank branches as of January 29, 2015. Mother Lode Bank customers will be serviced by the two existing Oak Valley Community Bank branches.

H. Randolph Holder, a director of Mother Lode Bank, joined the Boards of Directors of the Company and Oak Valley Community Bank upon the closing. Mr. Holder is President and CEO of Clarke Broadcasting Corp., which owns and operates KVML, KZSQ and KKBN, Sonora's local radio stations since 1986.

maverick one Free

02/06/15 6:30 PM

Post #37

I snapped up shares back in late 2012 early 2013- still have them and not looking to unload them either anytime soon. Their balance sheet looks better and I expect it to actually brighten even more.

Undervalued and not many shares out there. Great recipe for an investor off the beaten path...just the way I like it.

genlou

07/01/14 8:14 PM

Post #36

Re: #35: @SaltyMutt - I don't think it would take much in

Salty,

I hope MOLB last quarter earnings report put a smile on your face when released.

SaltyMutt

07/01/14 10:10 AM

Post #35

Re: #28: @genlou - Salty, we should have purchased shares of MOLB

I don't think it would take much in the way of a positive 2nd quarter report to get the MOLB pps moving close to the three buck level. Let's keep our fingers crossed.

SaltyMutt

03/23/14 11:00 AM

Post #34

February 18, 2014

Dear Shareholder:

It is with mixed emotions that I announce the resignation of one of our founding Directors. As you likely are aware, Kate Powell Segerstrom was recently appointed Superior Court Judge by Governor Brown. While we congratulate Kate on earning this distinguished appointment, we regret that it precludes her from continuing as a member of the Bank’s Board of Directors. On behalf of her fellow Directors and the entire staff of Mother Lode Bank: For more than ten years of dedicated service - Kate, we sincerely thank you.

As for the Bank’s performance during calendar year 2013, I am pleased to report achievement of annual profitability for the first time in our history with positive earnings of $162,300. As reported in our previous shareholder letter, earnings in large part were captured from gains on securities sold. We again extend our appreciation to you our shareholders and our community. Without your support from new deposit growth we would not have been able to realize earnings from these investment securities.

Our foothill community’s economic data continued to reflect improvement in 2013 albeit slight when compared to statewide improving conditions. For Tuolumne County, single family residential values for the period ending December continued to reflect improvement. Median sales price was up 17% over year end median of $166,000 for 2012. While current economic data is clearly not robust, we welcome improving trends and remain cautiously optimistic for 2014.

For the period ending June 30th 2013 we reported improvement in Sub-standard loans and Other Bank Owned Real Estate. We are very pleased to report ongoing progress in reducing our Sub-standard and Other Bank Owned Real Estate assets - now reflecting a decrease of over $2.3 million, or a 48% improvement when compared to fiscal year end 12/31/12.

As you know we have consistently reached out to our shareholders and community asking for your referrals of friends and neighbors enabling us to deploy deposit funds into loans which provide improved earning opportunities. We are pleased to report that, during the quarter ended December 31, 2013, we realized total performing loan growth of 7.27% or $2.6 million. While this is partially attributed to opportunities presented from outside our immediate community, we look forward to additional opportunities in our market area that will allow this positive trend to be sustained.

Finally, I am extremely pleased to report the addition of Dennis A. Reed as Senior Vice President and Credit Administrator. Mr. Reed brings over thirty-five years of community banking experience and is a welcome addition to the Mother Lode Bank team.

In closing, our directors, management and staff extend our sincere gratitude for your business and for the confidence that you have placed in us. We continue to look to each of you for referrals of your friends, neighbors, and business associates to Mother Lode Bank.

We are your community bank and we are here to serve you.

Sincerely, Charles W. Milazzo - President & CEO

genlou

03/22/14 4:17 AM

Post #33

Re: #32: @SaltyMutt - If the next quarterly report is anything like

Salty, I hope MOLB make you rich!

SaltyMutt

03/21/14 9:50 PM

Post #32

Re: #31: @genlou - Salty,MOLB is doing well.Not many share outstanding and

If the next quarterly report is anything like the last few, MOLB will be going for over five bucks a share.

genlou

02/05/14 9:36 PM

Post #31

Re: #30: @SaltyMutt - MOLB keeps on rolling along. The bank had

Salty,MOLB is doing well.Not many share outstanding and a nice profit.

SaltyMutt

02/05/14 8:29 PM

Post #30

Re: #28: @genlou - Salty, we should have purchased shares of MOLB

MOLB keeps on rolling along. The bank had a profit of 164K last quarter. I think we'll be seeing a pps of over two bucks soon.

SaltyMutt

12/05/13 5:22 PM

Post #29

Re: #28: @genlou - Salty, we should have purchased shares of MOLB

AMEN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

genlou

12/05/13 3:55 PM

Post #28

Re: #27: @SaltyMutt - By this time next year I think the

Salty, we should have purchased shares of MOLB with the money we invested in FFIS.

SaltyMutt

11/14/13 3:18 PM

Post #27

Re: #26: @genlou - Salty,MOLB pps is very,very close to $1.00.

By this time next year I think the MOLB pps could easily be pushing five bucks.

genlou

11/14/13 2:53 PM

Post #26

Re: #21: @SaltyMutt - Mother Lode has the poential to be a

Salty,MOLB pps is very,very close to $1.00.

illegal_alias Grandfathered

10/30/13 6:43 AM

Post #25

Re: #24: @genlou - illegal,check out MOLB financial report. http://www2.fdic.gov/idasp/main.asp

Thanks, I saw. I figured it would be good as the PPS was up yesterday. Capitalization ratios excellent.

genlou

10/30/13 5:48 AM

Post #24

Re: #22: @illegal_alias - Salty, .79 x 1.00 eom.

illegal,check out MOLB financial report. http://www2.fdic.gov/idasp/main.asp

FDIC certificate number 57637

genlou

10/30/13 5:45 AM

Post #23

Re: #21: @SaltyMutt - Mother Lode has the poential to be a

Salty,Molb financial report http://www2.fdic.gov/idasp/main.asp

FDIC Certificate number 57637

illegal_alias Grandfathered

10/29/13 1:54 PM

Post #22

Re: #21: @SaltyMutt - Mother Lode has the poential to be a

Salty, .79 x 1.00 eom.

SaltyMutt

10/21/13 11:01 AM

Post #21

Re: #20: @illegal_alias - Would be nice. Noticed 5000 shares on

Mother Lode has the poential to be a star performer. I guess the next few days will tell the tale.

illegal_alias Grandfathered

10/21/13 10:40 AM

Post #20

Re: #18: @SaltyMutt - I noticed that the bid got up to

Would be nice. Noticed 5000 shares on the ask. Looks promising.

genlou

10/17/13 8:52 PM

Post #19

Re: #18: @SaltyMutt - I noticed that the bid got up to

Salty,that would be nice.I hope earnings will be released soon.

SaltyMutt

10/17/13 8:36 PM

Post #18

Re: #17: @genlou - Salty, MOLB .80.

I noticed that the bid got up to .79 today. Assuming the 3rd quarter numbers are positive, I wouldn't be surprized to see the pps triple.

genlou

10/08/13 7:23 PM

Post #17

Re: #15: @SaltyMutt - I'm eager to see what kind of numbers

Salty, MOLB .80.

genlou

10/05/13 2:51 AM

Post #16

Re: #15: @SaltyMutt - I'm eager to see what kind of numbers

Hi Salty, I am also looking forward to MOLB earnings.I hope the pps hit $2.00 after the earnings are released.I like the fact MOLB does not have many shares outstanding.

SaltyMutt

10/04/13 11:33 PM

Post #15

Re: #13: @genlou - Salty,MOLB is coming along just fine.

I'm eager to see what kind of numbers MOLB will show us for the 3rd quarter. If the numbers are close to what they did last quarter, I think the pps will probabaly blow past two bucks.

SaltyMutt

09/09/13 2:54 PM

Post #14

Re: #13: @genlou - Salty,MOLB is coming along just fine.

Yes, MOLB is doing fine and is going to do better. The pps of .77 is way too low.

genlou

09/09/13 1:55 PM

Post #13

Re: #11: @SaltyMutt - And we moved up again!

Salty,MOLB is coming along just fine.

genlou

09/04/13 1:22 PM

Post #12

Re: #11: @SaltyMutt - And we moved up again!

Salty, I am glad pps is moving up again.Hopefully,the share price will be $1.00 soon.

SaltyMutt

09/04/13 1:00 PM

Post #11

Re: #9: @genlou - MOLB moved up today.

And we moved up again!

SaltyMutt

08/15/13 7:17 PM

Post #10

Re: #9: @genlou - MOLB moved up today.

Considering the very fine quarter MOLB turned in, I doubt this will be the last rise in pps we see.

genlou

08/15/13 7:04 PM

Post #9

Re: #7: @SaltyMutt - Roughly speaking, .23 or .24 cents a share.

MOLB moved up today.

genlou

08/01/13 7:35 PM

Post #8

Re: #7: @SaltyMutt - Roughly speaking, .23 or .24 cents a share.

WOW! Salty that is great.

SaltyMutt

08/01/13 3:40 PM

Post #7

Re: #6: @genlou - Salty,do you know what MOLB earnings per share

Roughly speaking, .23 or .24 cents a share.

genlou

08/01/13 12:35 PM

Post #6

Re: #5: @SaltyMutt - I'm now an official member of the 1000

Salty,do you know what MOLB earnings per share was last quarter?

SaltyMutt

08/01/13 10:30 AM

Post #5

Re: #4: @illegal_alias - Yeah, I rolled the dice and picked up

I'm now an official member of the 1000 share club.

illegal_alias Grandfathered

07/31/13 9:58 PM

Post #4

Re: #3: @SaltyMutt - Hola IA, great to have you here! I

Yeah, I rolled the dice and picked up 1000 shares. Unlike spouses or bastard children, you can always sell them when it doesn't work out. wink

SaltyMutt

07/31/13 6:16 PM

Post #3

Re: #2: @illegal_alias - !Hola Salty! Picked up some MOLB the

Hola IA, great to have you here! I haven't bought shares in MOLB yet but am thinking about making this bank one of my "1000 share wonders". It seems like a pretty safe bet compared to many of the banks we have on our radar.