SEC has ruled cos. don't have to disclose sale plans or negotiations, even of they file a 10-Q or K in the interim
A bank can be trying like crazy to sell out. Then when they file their 10-Q or 10-K, they don't have to say anything about it at all. Good example, when Cenit was sold in 2001. They filed a 10-K; said basically everything is humming along like normal. Then a few weeks later out of the blue: SOLD!