Will Annapolis Bancorp Aquire or will it Be Aquired?
I just finished yet another article saying small banks don’t have the economies of scale to deal with the huge regulatory impart of the Dodd-Frank Act. The latest I just saw was in the Baltimore Business Journal. These articles all conclude smaller banks will be forced to decide: Do I want to ACQUIRE or do I want to BE ACQUIRED.
Does anyone care to speculate on any of the following:
BankAnnapolis (ANNB) Bank of Glen Burnie (GLBZ) Sandy Spring Bank (SASR)
Guess you got your Sandy Spring answer yesterday. I am a longer term ANNB holder and have to believe if they stick to what they do best and continue to improve their ratios, it is a good place to park your money in these perilous times. What is wrong with buying a stock at half it's book value when the underlying bank is profitable and being ably managed.