1)Capitol recently sold four banks and has transactions pending for 10 others. Further, it has reduced overhead by combining various banks in five regional consolidations.2)Capitol retired $4.6 million in debt by exchanging it for 1.4 million shares of common stock and 3) Capitol raised $7.5 million from the sale of 2.5 million shares to several institutions.4) Capitol has slashed employee salaries and benefits by nearly 26 percent over the past year.5) Capitol predicted its deleveraging and balance-sheet efforts will enhance its viability in second quarter of 2010
If Reid ( and family) did not have so much to lose I would take my losses and be done with CBC. Let's hope he can save it.
thanks for that post.