Takeover in Focus Stock Portfolio

One of the banks in our income portfolio in the monthly letter is taking over one of the banks in the Focus stock portfolio. The proposed deal price we will have a total return on our shares of about 33% annually.

Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) and Limestone Bancorp, Inc. ("Limestone") (NASDAQ: LMST), jointly announced today the signing of a definitive agreement and plan of merger (the "Merger Agreement") pursuant to which Peoples will acquire, in an all-stock merger, Limestone, a bank holding company headquartered in Louisville, Kentucky, and the parent company of Limestone Bank, Inc. ("Limestone Bank"). Under the terms of the Merger Agreement, Limestone will merge with and into Peoples (the "Merger"), and Limestone Bank will subsequently merge with and into Peoples' wholly owned subsidiary, Peoples Bank, in a transaction valued at approximately $208.2 million.

Upon completion of the Merger, the combined company will have approximately $8.5 billion in total assets, $5.7 billion in total loans and $7.1 billion in total deposits with 150 locations in Ohio, West Virginia, Kentucky, Maryland, Virginia and Washington, D.C.

According to the terms of the Merger Agreement, which has been unanimously approved by the Boards of Directors of both companies, shareholders of Limestone will receive 0.90 shares of Peoples common stock for each share of Limestone common stock, and the Merger is expected to qualify as a tax-free reorganization for Limestone shareholders. Based on Peoples' closing price of $30.28 per share as of October 21, 2022, the aggregate deal value is approximately $208.2 million, or $27.25 per share. The transaction is expected to be immediately accretive to Peoples' estimated earnings before one-time costs, with a tangible book value earn back of approximately 2.8 years (inclusive of interest rate marks), and an internal ...

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Focus Bank Takeover

One of the banks in our income portfolio in the monthly letter is taking over one of the banks in the Focus stock portfolio. The proposed deal price we will have a total return on our shares of about 33% ...

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No Fighting, parking places and looming opportunities

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No fighting, short term parking and looming opportunities

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Takeover #3 for the Year...another big win

Hometown Financial Group, Inc. (“Hometown”), the multi-bank holding company for bankESB, bankHometown and Abington Bank, and Randolph Bancorp, Inc. (NASDAQ: RNDB) (“Randolph”), the bank holding company for Envision Bank, jointly announced today that they have entered into a definitive merger ...

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Takeover in the High Yield Bank Portfolio- Takeover #2 for 2022

The Community Bank Stock Investors gives us takeover #2 for 2022


CANFIELD, Ohio and EMLENTON, Pa., March 24, 2022 (GLOBE NEWSWIRE) -- Farmers National Banc Corp. (“Farmers”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers ...

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Takeover in High Yield Bank Portfolio

55% one year gain in the stock in about a year


CANFIELD, Ohio and EMLENTON, Pa., March 24, 2022 (GLOBE NEWSWIRE) -- Farmers National Banc Corp. (“Farmers”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers ...

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Takeover #1 for 2022 CBM Bancorp (CBMB)

A 35% return

Rosedale Federal Savings & Loan Association ("Rosedale Federal") and CBM Bancorp, Inc. ("CBM Bancorp") (OTCMKTS- "CBMB") jointly announced the signing of a definitive merger agreement pursuant to which Rosedale Federal will acquire CBM Bancorp, the Baltimore, Maryland ...

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Yet Another 100% Gain

This month Elmira Savings Bank announces that the Shareholders of Elmira Savings Bank, at its voted to approve the proposed merger of Elmira with Community Bank (CBU). We hate to see the stock go but its time to go ahead ...

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Yet Another 100% Gain

This month Elmira Savings Bank announces that the Shareholders of Elmira Savings Bank, at its voted to approve the proposed merger of Elmira with Community Bank (CBU). We hate to see the stock go but its time to go ahead ...

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Goodbye and thanks for the cash. 192% win-our 62nd consecutive closed winner w

Shares of Select Bancorp (SLCT) are up 15% this week and now trade well above the original takeover offer from First Bancorp (FBNC). We sold the stock at $20.45 for our 62nd consecutive closed winning trade

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Community Bank Investor Dividend Portfolio Takeover -100% 1 year gain!

Although this is a dividend-based portfolio this is our fourth takeover of the year for a 20% takeover rate so far. If you aren't using this strategy, you do not like money.

Community Bank System, Inc. (“Community Bank System”) (NYSE: ...

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