What's good for the common should be great for the preferred OKSBP
This should allow the company to resume paying a dividend on their preferred at some point in 2012. They have only missed two dividends as of Dec 2011. The preferred dividend was 10.50% or $2.625 per year. Par value is $25. The stock use to trade at around $27 before the dividend was suspended. It traded at a premium because it couldn't be called until 09/15/2013. The bank was profitable through the whole crisis, except for the latest two quarters. I would think that they will report a large loss for the 4th qtr, and then profits in 2012.
Preferred symbol is OKSBP, currently trading around $19