Execs are working with state and feds to compromise a plan of reasonable execution.remember this company is a 2.4 billion banking corp.they are still open just being reconfigured on the loan practicing system.the bank is changing that,thus having to create more cash into the business..it is happening ,you watch and see.the stock is going up
prostar is right, I sold a month back and I am not buying again until they have a funding plan that will actually happen. And I want to see what the damage will be to the stock value. Because dilution is an issue to be worried about for the long term picture. @ $1, 300,000,000 millions shares have to be issued. hahahaha.
If STSA can beat earnings...like lets say (.35) (.39) similar to BANR, I believe we will see a similar .20 to .40 pop. I understand these two banks have their own idependant issues, but they have acted and responded very similar the past 6 months.
Not sure if anyone posted this....
The Main Point:
Brad Williamson, head of the Washington Department of Financial Institutions’ Banking Division says: " a turnaround for Washington banks is probably two or three quarters away. Most of those in trouble today will survive"