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VIB Corp (VIBC) Message Board

  • bancinvstr bancinvstr Nov 8, 2001 1:16 PM Flag

    disgusted

    I don't know how the rest of you feel but I feel we've been had. The board put in all of the anti takeover provisions and since then the stock value and performance of the company dropped. The closure of a mortgage division in a declining interest rate market makes no sense at all. Staff costs and staff numbers are up. Our only hope is that the board is changed to a group that will lead management of following them. Hopefully Comerica, City National or US Bank will take us out of this mess.

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    • I hear you bancinvestr. I am hoping Mike Kelly shakes things up. He's bought many banks in So. CA recently, (TOPA, Cal Fed branches, PBOC, and Bank Plus) One thing I know is if he paid 8.90, it's worth much more. Hopefully he has a plan to buy it after he digest the BPLS muck. That or monetize his investment. I also like the fact the Pederson owns lots of stock. But this is getting boring.....................

 

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