Braswell, if I recall, took on debt to buy heavily when it was $3 per share. Maybe he just needed the money.
Liles Allen sold earlier at an excellent price. He did not get as much stock options but bought them at good price.
I sold out before him.
Mortgage refinance will no longer the the engine of mortgage banking. Purchase financing will only grow slowly over time. The entrance to SBA lending may be a little late. The results of which is not certain.
Good thing that TARP was paid off without too much dilution.
IMO it's a good bank, but not exceptional. We'll see how SBA does for it.