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Synovus Financial Corporation Message Board

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  • streudel1 streudel1 Jan 7, 2011 3:10 PM Flag

    How low will this be?

    Any potential bank acquirer now is looking first at acquisitions trading at around 1.5 times tangible book value. However, any acquirer has to take into account the market value of a bank's loan book. This is not the same thing as the carrying value of loans. "Market value" right now will typically mean a mark down of such assets. JMHO

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