One sector I like right now is community banks. I own a basket of small, OTC-listed community banks. Last year was a very turbulent year for the banking sector obviously, and even though things recovered quite quickly in the last couple of months, I think there are still a lot of interesting situations to be […]
Category Archives: Community banks
Sugar Creek Financial Corp. (OTC:SUGR)
Last week I bought a few shares of a very small community bank called Sugar Creek Financial Corp. (OTC:SUGR). This position is part of a basket of micro-cap community banks with similar characteristics. I hope that some of these small banks will be acquired at some point. So the basket is mostly a bet on […]
Hibernia Bancorp to be sold for $32.00 in cash
Exactly one year ago today, I posted about Hibernia Bancorp. Yesterday, the company announced it will be bought by Union Savings and Loan Association for $32.00 in cash. Hibernia was one of the very few banks out there that was still trading below 80% of book value (up until yesterday). In my post I speculated […]
Acquisition offer for Company 5
An acquisition offer for “Company 5” (published on VIB premium on June, 28) was made yesterday. Company 5 is County First Bank (OTCMKTS:CUMD) and is being acquired by The Community Financial Corporation (NASDAQ:TCFC), which is a larger, Nasdaq-listed bank. The press release can be found here.
Hibernia Bancorp
After Trump’s election win, many financial stocks have been flying high, but I’m still finding a reasonable number of cheap micro-cap community banks that have been left behind. Since early 2015 I’ve slowly built a basket of these small banks. I’ll highlight one more in this post.