HBKS shareholders should be ecstatic with SEC deregistration
The real risk with all these community banks is that they are going to have another stock offering and dilute existing shareholders, especially if they have to repay TARP/SBLF. But if HBKS is going "dark," the odds of a stock offering are slim to none - so no further dilution. Now HBKS could try an inside offering as before, but if they thought they were doing any kind of offering, they wouldn't go dark. You just don't go dark and attempt to sell more stock.