SBLF repayment: Shareholder rights offering would be preferable to insider offer
It's only about $4 a share ... shareholders would give the bank the money. On other hand, another insider only offering would make outsiders mad and dump it. Still have plenty of time though ... probably sale of the bank first. But good to have options.
HBKS wouldn't even have to do anything fancy like the other banks ... you know, convertible notes and preferred with high interest coupons and all that. Shareholders would just give them the money for more common.