Premier West Bancorp (MM) (PRWT) Quote

Hello all, since the topic here is about bank, you may get more ideas out of this read on finding further opportunities..


http://www.therealestatebloggers.com/housing-general/u-hauls-top-10-us-destinations-for-2013/

if you like to explore further with your particular choice of city, then you may "like" the facebook page of the local biz newspapers (through wiki - media you can find biz links) and then it gives you all the latest and the greatest business deals happening across the city. You scroll down and get the idea on which direction the economy has been going on since the past - whatever facebook page feeds are available. If you find this post inappropriate, please dis regard.

Well what you can't make on the top end (tight NIM margins with these rates), you have to build some economies of scale to trim expenses as a % of revenue to bump up the bottom line.

Surprised there isn't more happening, or is it just me? Are recent M&A activity amounts at a normal level compared to historically?

Consolidation is the name of the game for many small banks.

PremierWest Bank and AmericanWest Bank Merger Approved by Shareholders

PremierWest Bank and AmericanWest Bank announced that holders of a majority of PremierWest Bancorp's (NASDAQ: PRWT) common stock have voted to approve the proposed merger of the two companies.

The proxy vote was announced at the reconvened special meeting of shareholders today in Medford. Regulatory approval has already been received; the merger is expected to close in April 2013.

If any one planning on for law suit please let me know also I want these crooks to be behind bar.

I will really like FITB to bid better than $1.65 and take this bank, especially they are not in west coast if anyone good with writing please write a note to FITB CEO about this bank, maybe he will look into this bank.

I am voting No and please everyone who own shares vote No to this merger that is crap. It looks like all insider are sold out. I see on yahoo finance book value $8.00 + a share and they want us to be shaft with $1.65 that is crazy, finally after so many months we had a better earning and this bull crap by CEO. I have a average of $5.90 after they did a reverse split. I hope this insider get burn in hell.

It is hard to tell. PRWT branches will stay open during the transition, and same staff should remain except for the operations center in Medford wich most likley will be shuttered. It looks good for everyone EXCEPT shareholders who are getting shafted with a $1.65 payout.. GL

good .. or bad??

Correction: Merger..
AmericanWest Bank to Expand into Oregon, Northern California with Planned Acquisition of PremierWest Bank

http://ih.advfn.com/p.php?pid=squote&symbol=prwt

PRWT Buyout confirmed 10/29/2012. A Washington State bank has purchased Premier West Bank, Medford, OR. Deal will be in place 1st quarter 2013.

PRWT buyout pending? Could be.. Should know in a few minutes, after conference call ends..

NASDAQ Lifts Pending Delisting Notification for PremierWest Bancorp

Feb 16, 2012 19:00:32 (ET)

MEDFORD, OR, Feb 16, 2012 (MARKETWIRE via COMTEX) -- On February 14, 2012, the Nasdaq Stock Market (NASDAQ) notified PremierWest Bancorp (PRWT, Trade ) that it had regained compliance with listing rules by maintaining a minimum bid price of $1.00 per share for 10 consecutive business days, and that the compliance matter raised in the December 30, 2011 Nasdaq letter is now closed.

ABOUT PREMIERWEST BANCORP PremierWest Bancorp is a financial services holding company headquartered in Medford, Oregon. We operate primarily through our subsidiary PremierWest Bank. PremierWest offers a full array of financial products and services through a network of full service banking offices serving a territory which currently includes high growth markets in Southern & Central Oregon and Northern California. Additionally, PremierWest offers expanded banking related services through two subsidiaries, Premier Finance Company and PremierWest Investment Services, Inc.

FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995, which management believes are a benefit to shareholders. You should not place undue reliance on forward-looking statements and, except as required by applicable law, we undertake no obligation to update any such statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements are subject to risks and uncertainties. Actual results could differ materially from those discussed in this press release as a result of risk factors identified in the Company's Form 10-K for the year ended December 31, 2009, and other filings with the SEC. The Company makes forward-looking statements in this release related to the intended filing date of an amendment to its Articles of Incorporation and completion and timing of the reverse stock split.

Too much fun.

:)

Here we go, great chart and momentum starting to kick in. +23% atm.

Putting this back on watch, a little more volume and this could start to fly.

Looking for a bounce play here. Check out the chart.

http://onlycharts.com/2011/11/15/prwt-possible-bounce-play-starting-to-creep-above-the-50-ma/

Just found out why PRWT is behind on their TARP payments. The Fed won't accept the payments until certain numbers come out of the next audit. The Fed has been returning the checks..

whoo hooo up big today!

Premierwest Bancorp (PRWT)
$ 2.55 ?2.22 (672.73%)
Volume: 17,660

Can you say..."Capital Raise" anyone ?
Big things coming ! Earnings out 1/20/2011

a week from this thursday we should find out about financials.

here we go... $.53 so far... nice...

Ready for a 200% breakout.

A little local info: Audit was very good..Great time to get in and hold..

Care to tell?

Consolidated nicely and coiled like a loaded spring:) $1.00 by October!!!!

I got a tip on PRWT, I will watch closely...

Hmmmmm..........Lil Money smells money!

Chart is shaping up...I see .80 cents,if not a dollar.

Lil Money

Item 7.01 Regulation FD Disclosure.



On July 19, 2010, PremierWest Bancorp announced that it intends to issue a press release announcing financial results for the second quarter ended June 30, 2010, on July 22, 2010.



http://ih.advfn.com/p.php?pid=nmona&article=43658659&symbol=N%5EPRWT

i hope they report earnings, would be great¡

Buy now for what insiders bought for----they didnt sell at 1.20 3 months ago...>>>hmmmm

You are exactly right. Q2 will show profit, back up to just over $1 on Aug. 9. (Q2 results).

shorts are going to get killed- PRWT will swing a suprise profit q2. will be fun

Uh oh.

Nice, steady upward movement today...there are about 8 million shares short.

Could be another fun ride.

:)

Congress is planting the seeds of the next big bank bailout.

Attention is focused on the House-Senate conference on a once-in-a-generation rewrite of the rules of finance. Meanwhile, a provision added, almost unnoticed, to a help-small-business bill that passed the House last week would allow all but the 100 largest banks to pretend they haven't made bad loans. The goal is to prompt them to lend more readily to small businesses.

The provision would permit more than 7,800 banks, with nearly $3 trillion in assets among them, to spread losses on bad real estate loans over six to 10 years instead of recognizing reality immediately.

.This wink-wink accounting, which would allow banks to act as if they have bigger capital cushions than they do, is a remake of an old movie: the savings-and-loan horror show of the 1980s and the Japanese banking monster of the 1990s.

Allowing a bank that is broke or near-broke to pretend otherwise in the hope that temporarily depressed commercial real estate prices will eventually rise sounds nice. But history shows that too many such bankers realize the only survival strategy is to make more risky loans and pray they're paid back. If they aren't, well, the government deposit-insurance fund, not the shareholders, gets the tab.

Treasury Secretary Timothy Geithner thinks this is an awful idea. "Could increase costs for the taxpayer by raising the likely losses from future bank failures," he wrote to House leaders. Federal Reserve Chairman Ben Bernanke thinks this is an awful idea: "Banks that are allowed to carry these losses do not engage in sound lending."

Comptroller of the Currency John Dugan thinks this is an awful idea: "Will undermine the efforts of … regulators to shore up investor confidence in the banking system." Sheila Bair, chairman of the Federal Deposit Insurance Corporation, thinks it is an awful idea: "Encourages … executives to take excess risks with the hope that these bets will pay off. … The taxpayer remains liable for any losses, but the shareholders profit if these investments result in gains."

"When I get a call from Tim Geithner or I hear from Ben Bernanke, you bet I sit up and take notice," says Rep. Ed Perlmutter (D., Colo.), chief sponsor of the provision. "But after all the testimony I've heard—after my own experiences as a lawyer representing banks, insurance companies, real estate companies, which gives me some perspective that maybe they don't have—I think this is an approach that we need for these smaller bankers and smaller businesses, to get everybody back on their feet and creating jobs."

More
Negotiators Ease Finance Rules
.Mr. Perlmutter and his allies—Democrats Luis Gutierrez of Illinois, Steve Kagan of Wisconsin and Ron Klein of Florida—don't want to cause a costly banking crisis, of course. They are responding to yelps from small businesses that say they can't get credit and managers of small banks who say they can't make loans because bank examiners are forcing them to value real estate at today's improbably low prices. Small banks, they say, didn't cause the global financial earthquake, but they felt it.

"Those aftershocks are still being felt by small businesses and small banks all across the country," Mr. Perlmutter says.

The administration's response: Put $30 billion in taxpayer capital into these community banks so they have the wherewithal to lend. The House has OK'd this; the Senate hasn't.

That's not enough for the small-bank lobby, whose power derives from the presence of at least a few community banks in every congressional district.

"We're talking about banks that are well run, well managed, victims of their local area where the real estate market has just tanked," says Cam Fine of the Independent Community Bankers of America. "Poorly run banks are going to fail anyway," he says, and this won't change that.

Backers cite precedent, a 1980s analog. But that initiative was restricted to really small banks, deemed "well-managed" by regulators, that lent heavily to farmers. Only 334 banks with total assets of $13.5 billion participated, far fewer than would be eligible under the House bill. (Of those, the FDIC says, 20% failed eventually.)

Here's another precedent: The Congressional Budget Office estimates that more than half the $212 billion (in today's dollars) cost of the savings-and-loan rescue is attributable to letting thrifts live instead of closing them when they became insolvent.

The political dynamic here is clear. Big banks are popular villains; small banks are heroes. Big banks—think Citigroup Inc.—are too big to fail; small banks aren't. Big business arouses suspicions among the public; small business seems friendly and entrepreneurial. Big companies can borrow from the bond market when banks are picky; small companies cannot, and thus can't expand and hire readily if they want to. Elected politicians want to do something, anything, to help.

But pretending helped get us into this mess: pretending that putting enough subprime loans into one security made it AAA, that people without incomes could make mortgage payments, that house prices would never fall across the country, that the CEOs of gargantuan financial institutions could manage risks they didn't fully understand, that supposedly sophisticated investors understood what they were buying.

Pretending that banks haven't lost a bundle on commercial real estate loans does not seem a smart way out of this mess.

Write to David Wessel at capital@wsj.com
http://online.wsj.com/article/SB10001424052748703900004575324653874620696.html

what a pos !!! looks like who bought at the offering just dumped most of there shares !!!

You are welcome, hope I helped. Have a great trading day..

Thank you for the information. The way the stock moves indicates that the float is probably the same as in April and that no-one who participated in the offering has sold anything. One insider even added at these levels in June. They are in it for the long haul and they need to keep it above a dollar. A reverse split is probably off the table for now.

Hi, I think so, at least for the short term. I suspect when the Q2 report comes out it will get over a dollar, them people will dump it down to .80. The fed report was all about PRWT wanting to pay dividends knowing the Q2 report will boost confidence. They also need to get and stay over a dollar. If you study this little bank you will see how well they are doing. They are continuing to grow and expand in this region. This is just my observations being close to the "in crowd". Have a great day..

Nice! Also look at DEAR, another regional bank with insider buying. They were already profitable in Q1.

so is this a good investment u think ,, what does yr family memeber say ??


ty

Let's just say I know for a fact. I have a family member who works at the corporate office (V.P.) Is has to do with the offering they had a couple months back. 2nd Q. report will be out no later than 7-14.

Why do you think they will show a profit?

I hope you're right. They gave no indication at their shareholders meeting or the conference presentation in SF as to when they would restore profitability, but at least their EPS trend is up......

2nd quarter news will show a profit, this right now is a sure thing.

Old news; capital was already raised, and if you accept TARP money, you cannot pay dividends until its paid back. Its all in their last Q. I am looking forward to their next Q, hoping it shows that their turnaround is continuing, and that they are at least breaking even in the 2nd quarter.

JMHO

than whats with the fdic pr that tells them to rasie there captial and cease divis?


ty

This is a great source to keep current on who's buying and whose selling, amoungst institutional investors.......


http://www.mffais.com/prwt

Yes; look at the recent investors who share this opinion, and also consider the current ratios after their placement offering was filled. Leverage ratio, Tier 1 capital and total risk ratios all put this bank now as "well capitalized". This is one of the largest regional banks in the northwest, and they've taken the steps required to survive

hey new to this one,, u think this bank will do goood in the long run ??


ty

ups wrong board! sorry