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Hudson City Bancorp, Inc. Message Board

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  • congo501 congo501 Aug 28, 2012 11:16 AM Flag

    tangible book value at 6-30-12 was $9.08

    David Benoits Wall Street Journal's July 24,2012 blog says "bank deals are coming at higher valuations than any year since 2008, SNL said. The average price to the sellers tangible book value has been 120.8%, compared to 104.9% last year and 116.2% in 2010. The figures remain far below 2008 prices, when banks were sold at nearly 170% of tangible book value." Why did this bank deal sell for less?

10.120.00(0.00%)Oct 30 4:00 PMEDT