I suspect that nearly every investor in PBCT has it in the back of his/her mind that someday this company will be taken over by a bigger player. This has been a very long term trend which seems likely to continue. Consolidation has been the name of the game. Some of the mergers/takeovers have been highly successful while others have flopped. Not all of the takeovers have been at premiums (i.e Northfork), so there's no guarantee PBCT investors would be happy with that scenario. Either way, the current dividend seems fairly secure, so I'm content to just wait and see what happens going forward. PBCT management doesn't impress me a whole lot, but I've seen much worse.