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Heritage Bankshares Inc. Message Board

  • maine1964 maine1964 May 8, 2013 6:06 PM Flag

    Is HBKS Hitting the Reset Button????

    I'm all for it, and would consider investing in HBKS, but if it's the same leadership that steered the ship to this point to begin with, why bother?

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    • Long story short ... new management took over in 2005:

      They've done everything possible to imply that the bank is for sale. (According to the recent story in Dealbook on the NYT, selling managements often leak clues before a buyout, because they want to raise the stock price ... which leads to a higher buyout price in the end. )

      Current management sold their last bank, CENIT, in 2001. And they will sell this one too. Because, the CEO has consistently said that all the new regulations are a challenge for small banks ... and he's a banking attorney.

      In contrast, banks like MNRK think they can actually deal with all the new regulations ... not a good plan.

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