Focus Bank Takeover-JXSB

Works out to be a 40% gain or 17.26% annaulized return. Not the best we have ever had but its a decent return.It is the second deal of the year across all portfolio and its Jnauary and there is still more than a week to go

CARLINVILLE, Ill. and JACKSONVILLE, Ill., Jan. 18, 2018 (GLOBE NEWSWIRE) -- CNB Bank Shares, Inc. (“CNB Shares”) and Jacksonville Bancorp, Inc. (“Jacksonville Bancorp”) (JXSB) jointly announced that they have entered into a definitive merger agreement whereby Jacksonville Bancorp will merge with and into CNB Shares. Following the merger, Jacksonville Savings Bank, the wholly-owned subsidiary of Jacksonville Bancorp, will merge with and into CNB Bank & Trust (“CNB B&T”), the wholly-owned subsidiary of CNB Shares.

Under the terms of the merger agreement, shareholders of Jacksonville Bancorp will receive $33.70 in cash for each share of Jacksonville Bancorp common stock. The transaction has an aggregate deal value of approximately $61.6 million.

The transaction combines two strong local community banks that share a common culture and core values. CNB B&T is headquartered in Carlinville, Illinois, with approximately $924 million in total assets at September 30, 2017 and operates thirteen full-service branches located throughout Illinois and in the St. Louis, Missouri MSA. Jacksonville Savings Bank is headquartered in Jacksonville, Illinois, operating four full-service branches and two limited service branches located throughout central Illinois, with approximately $337 million in total assets at September 30, 2017. With approximately $1.25 billion in pro forma assets, the combined bank will continue to operate all branches after closing.

Jacksonville Bancorp board chairman, Andy Applebee, said, “Our two banks are very complementary. We are confident CNB will continue our community bank traditions while capitalizing on the benefits that come with being a larger bank.” Said Rich Foss, President and CEO ...

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First takeover of the year. A 100% gainer to start us off right

Keep in mind we have to hold to get the special dividend so dont rush to sell FFNM. We also own MFNC and this looks to be a good deal for them so we may just take the offer.

  • The ...
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Other Promise. I have delivered. 48 hours Left for Holiday bargain price

Go here

https://www.marketfy.com/item/banking-on-profit/

Use Coupon Code BOPFOR499 to get over 50% off Banking on Profits for 2018.

Members love BOP for one simple reason. I have helped them make money and learn more about this ...

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3 Days Left on my Special Offer for Banking on Profits in 2018

The Banking on Profits Main Portfolio has averaged 17% since inception while the market has returned right around 13% over the same time frame. We have NEVER had a losing trade in the portfolio. Not One.

Our Monthy Community Bank ...

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Granddaughters, High Returns and a Holiday Bargain

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Granddaughters, High Returns and a Holiday Bargain

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Another Takeover-85% gain this time

NEW YORK, Dec. 15, 2017 (GLOBE NEWSWIRE) -- Amalgamated Bank (“Amalgamated”) and New Resource Bancorp, the parent company of New Resource Bank ((OTC:NRBC); together, “New Resource”) today announced the signing of a definitive merger agreement by which Amalgamated will acquire ...

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Our 14th takeover of the year- Bonus Bank yields 85% gain

NEW YORK, Dec. 15, 2017 (GLOBE NEWSWIRE) -- Amalgamated Bank (“Amalgamated”) and New Resource Bancorp, the parent company of New Resource Bank ((OTC:NRBC); together, “New Resource”) today announced the signing of a definitive merger agreement by which Amalgamated will acquire ...

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Takeover #12 for 2017

average annual return on this one is 18.27%. Below our average but still 80% more than market averages!

No decison on hold or sell just yet.Need to read the docs

HATTIESBURG, Miss. & TALLAHASSEE, Fla.--()--The ...

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CFPB, The Stay Puft Marshmallow Man and 2018 Predictions

A look at markets, books and baseball

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CFPB, The Stay Puft Marshmallow Man and 2018 Predictions

A look at markets, books and baseball

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Favorite Holiday, Cheap Banks and Entertaining Predictions

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I have appreciated Tim's take on value oriented stocks for several years now, including the total banking trade approach. His insight has been profitable, I hope to see him get back into all value...
         
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