1. US commercial bank asking price - $25M Net Income - $2M 2. PRICE $5MM - $7.5MM State chartered depository bank with Fannie Mae mortgage delivery; loan servicing retained. -Mortage banking/lending affilate -No past nor current toxic mortgage loans -Never engaged in subprime lending -All ratios and capital reserves are in line with no problems from any State nor Federal Agency -Profitable and have been over the past 3 to 5 years -May consider merger with the right party -Right party must have capital with strong banking background (mortgage, SBA, USDA and, or consumer lending) |