FLORIDA BANK PURCHASE
AS OF 1/4/13
The bank currently has 7,145,324 shares outstanding and is a private company. The asking price is 20-22 million based upon the current status, revenue stream and new products being offered. The Board of Directors expects an increase in book value in 2013 to rise to $4.00. The bank has implemented new products such as SBA Lending, SFR lending and credit card issuance.
As of the third quarter 2012 performance of banks in Florida. The bank is ranked #1 in lowest net charge-offs at -0.57% and highest rate of return on assets at 1.94%. This is an opportunity acquire a profitable bank that can be converted to a national charter. The fourth quarter numbers were even better. The bank is currently ranked number one in Florida in regards to net charge-offs and ROA in the final quarter of 2012 as well.
To pursue this opportunity, please contact Ron McFarland of REM Enterprises at 951-545-7629 or e-mail email@example.com.