Wow...It's interesting that both NAL and PBCT are trading at 85% of book value. The big difference is in their respective earnings: NAL is .58/share while PBCT is .23/share...this despite the fact that PBCT is more than twice the size of NAL in terms of assets. It's amazing how poor management can negatively impact a bank's performance.
The Board should be taking action but probably won't since all of their stock was given to them at no cost. We shareholders are actually losing money, especially those that bot at the $20 subscription price.
It's time for PBCT to get acquired and for the acquiring bank to clean out these zombies masquarading as executives and directors at PBCT.