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AmeriServ Financial, Inc. Message Board

  • lpstone13 lpstone13 Jul 22, 2011 2:27 PM Flag

    If they take LLR to 1.5%...that's $6.5M to buy back stock.

    Add that to about $4M in earnings every year and they could retire 25% of the company within the next 12 months. Company is able to buy back stock in October when they get out of Tarp....this is basically free money as the bank slowly takes the company private.

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