CRBC可能要被收购，或者卖出部分股份。# Stock
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发信人: mengbao (Focus), 信区: Stock
标 题: Re: CRBC的基本分析
发信站: BBS 未名空间站 (Fri Aug 3 11:47:10 2012, 美东)
crbc可能要被收购，或者卖出部分股份。
股价大涨了。
Citizens Republic Said To Seek Buyers
Citizens Republic Bancorp Inc. (CRBC), the Michigan lender that has yet to
repay a $300 million U.S. government bailout, is soliciting takeover bids
from competitors, said three people with knowledge of the matter.
The bank hired JPMorgan Chase & Co. (JPM) to find a buyer and has contacted
suitors in recent weeks, according to the people, who spoke on condition of
anonymity because the effort is private. The company, which had a market
value of more than $700 million yesterday, has also explored other ways to
pay back its 2008 bailout, including by issuing equity, they said.
Flint-based Citizens has lost more than $1 billion since 2007 on bad
commercial and residential real-estate loans, forcing the lender to operate
under a supervisory agreement with the Federal Reserve Bank of Chicago.
Kristine Brenner, director of investor relations at Citizens Republic,
declined to comment. A spokeswoman at JPMorgan declined to comment.
The U.S. Treasury appointed two directors to the board last year after the
bank stopped paying dividends on the bailout funds. Michigan’s economy
fared worse than the country’s as a whole during the latest recession, and
the jobless rate stood at 8.6 percent in June, compared with 8.2 percent
nationally.
Citizens Republic had $1.04 billion of shareholders’ equity as of March 31,
and $18.83 of book value per common share. It operates through its Citizens
Bank subsidiary, founded in 1871.
Among the banks with the most deposits in Michigan are Huntington Bancshares
Inc. and Fifth Third Bancorp, both based in Ohio, and Pennsylvania’s PNC
Financial Services Group Inc., according to data compiled by the Federal
Deposit Insurance Corp.
To contact the reporter on this story: Zachary R. Mider in New York at
z*****[email protected]
To contact the editor responsible for this story: Jeffrey McCracken at
j*********[email protected]
标 题: Re: CRBC的基本分析
发信站: BBS 未名空间站 (Fri Aug 3 11:47:10 2012, 美东)
crbc可能要被收购，或者卖出部分股份。
股价大涨了。
Citizens Republic Said To Seek Buyers
Citizens Republic Bancorp Inc. (CRBC), the Michigan lender that has yet to
repay a $300 million U.S. government bailout, is soliciting takeover bids
from competitors, said three people with knowledge of the matter.
The bank hired JPMorgan Chase & Co. (JPM) to find a buyer and has contacted
suitors in recent weeks, according to the people, who spoke on condition of
anonymity because the effort is private. The company, which had a market
value of more than $700 million yesterday, has also explored other ways to
pay back its 2008 bailout, including by issuing equity, they said.
Flint-based Citizens has lost more than $1 billion since 2007 on bad
commercial and residential real-estate loans, forcing the lender to operate
under a supervisory agreement with the Federal Reserve Bank of Chicago.
Kristine Brenner, director of investor relations at Citizens Republic,
declined to comment. A spokeswoman at JPMorgan declined to comment.
The U.S. Treasury appointed two directors to the board last year after the
bank stopped paying dividends on the bailout funds. Michigan’s economy
fared worse than the country’s as a whole during the latest recession, and
the jobless rate stood at 8.6 percent in June, compared with 8.2 percent
nationally.
Citizens Republic had $1.04 billion of shareholders’ equity as of March 31,
and $18.83 of book value per common share. It operates through its Citizens
Bank subsidiary, founded in 1871.
Among the banks with the most deposits in Michigan are Huntington Bancshares
Inc. and Fifth Third Bancorp, both based in Ohio, and Pennsylvania’s PNC
Financial Services Group Inc., according to data compiled by the Federal
Deposit Insurance Corp.
To contact the reporter on this story: Zachary R. Mider in New York at
z*****[email protected]
To contact the editor responsible for this story: Jeffrey McCracken at
j*********[email protected]
