First Federal Might Convert to Stock Savings Bank
First Federal, based in Port Angeles, has applied to convert from a mutual savings bank to a stock savings bank. If regulators approve the application, First Federal would be able to sell stock to the public.
posted by Tom Harper at 11:17 PM
6 Comments:
What a novel way for a business in an industry plagued by corruption, greed, lies, volatility, and uncertainty to raise capital!
If they let us sell it short from the get go, I want some! Or, I want to buy the option to buy yours when the value of yours plummets to a certain level!
Finally, an easy way to sell PA short and capitalize on it. Legally.
Hum...
On that ultra commie network, and on the most commie show on there, early Saturday morning, a blogger or reporter, whatever, as they are all liars, was talking about and warning consumers of equities about a new phenomena, "near banks" and investment banks issuing "funny stocks". Had me laughing! Why do those commies hate America so much and spread such disinformation?
So much for locally owned. I'll be moving my accounts on Tuesday.
".. warning consumers of equities about a new phenomena, "near banks" and investment banks issuing "funny stocks".
Hey!? We keep hearing that those with business experience are far more capable of managing our affairs. Isn't it obvious the corporate types have our best interests in mind when they do things?
Like, right now. A barrel of oil right now is at a relative low price of $90. But, we pay near record prices for a gallon of gas these days.
These corporate types have no problem plundering the public at every chance.
with all the PUSH that the PDN has give this, who at the paper has partial ownership of First Federal? How come that wasn't disclosed. Totally slanted articles. I means that the back will be owned as shares of stock, not a "mutual bank". Means there will be an IPO and outside the area investors can come in. 600 banks have done this in the last 20 years, hardly any are still in business. They were "taken over" and merged into banks who purchased large amounts of stock. The only people who actually make $$ on this are the people who currently have an interest in the bank. Hello? Mr. Brewer, care to tell us if you are financially looking for a windfall from this?
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