@PhilTimyan

Private investor, hedge fund manager, and blogger with over 25 years professional experience in community bank stock investment and shareholder activism.

timyanbankalert.com
Joined October 2009
  • Tweets8.5K
  • Following4.9K
  • Followers9.7K
501Media
Michigan credit union extends Florida reach by buying another bank banknews.com/chronicles/mich… #

Michigan credit union extends Florida reach by buying another bank

The Dearborn, Mich.-based credit union founded for engineering employees at Ford is planning to acquire the only locally-owned community bank in Sarasota, Fla.

banknews.com
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Phil Timyan retweeted
aurelius
@aurelius285h
Just remember, the privately owned "public benefit" entity known as The Fed currently has about a $1 TRILLION loss on the bonds they YOLO purchased during COVID.
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Phil Timyan retweeted
Gino Stumpo
@GinoStumpoUBSOct 17
Replying to @BillAckman
Happy Halloween 🎃
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$BAFN trades at $6.50 because: 1)Ken’s well deserved reputation 2)1M shares went into the all cap index 3)375k may go into the Russell 4)The $3.50 PP buyers agreed to be locked up till Oct 30, not coincidentally the Russell cutoff date. 5) The borrow is difficult
Timyan Bank Alert@TimyanBankAlertOct 13
$BAFN shareholders did not exercise their free rights to buy more shares at $3.50 when it was trading at $7. 749,535 shares worth. It never ceases to amaze me when this free money is passed up but it happens every time.
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The likely outcome for $BAFN is continued fixing of the Leo/Zernick/Oliver mess and a sale in 3 years for something near today’s $6.50- If all goes well with Al Rogers and his new crew which looks like the case with recent Tampa deposit wins from $VLY
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$MFBP $TBBC
Jason Huang@jasonhuang1983Oct 16
Replying to @TimyanBankAlert
MFBP should put out a release to compare the two bids. I calculate that combined company needs to trade at 1.5x TBV for TBBC bid to match Optus bid
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Phil Timyan retweeted
aurelius
@aurelius28Oct 14
Brian Fantana once said that when bank stocks break correlations with slope in the YC, 80% of the time it works everytime. in the reply are my thoughts on what to do when this breaks and other bank fun.
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The 4th time is a charm. Rocco tried to both sell Parkway Bank and bring in new investors many times over the past 15 years.
Timyan Bank Alert@TimyanBankAlertOct 2
Parkway Bancorp closes $350M private placement, appoints new CEO | S&P Global Market Intelligence spglobal.com/market-intellig…

Parkway Bancorp closes $350M private placement, appoints new CEO

Parkway used most of the proceeds to complete a private tender offer repurchasing shares from existing stockholders, retaining the balance for general corporate purposes.

spglobal.com
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Embattled California bank is latest to fail americanbanker.com/news/emba…

Embattled California bank is latest to fail

The $736 million Orange County bank had faced a smattering of enforcement actions over the years, including for concentration risks, governance issues and questionable insider transactions.

americanbanker.com
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Will Enova owe $5M fee after stall-out of Grasshopper deal? americanbanker.com/news/will…

Will Enova owe $5M fee after stall-out of Grasshopper deal?

Now that regulators have failed to approve a controversial merger deal, the question is whether the buyer will have to pay a hefty fee to the seller.

americanbanker.com
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Huntington Bank leaders identified its potential future CEO at one of the nation’s largest banks more than five years ago. bizjournals.com/columbus/new…

Huntington Bank's upcoming CEO succession was many years in the making

Huntington Bank leaders identified its potential future CEO at one of the nation’s largest banks more than five years ago. Our interview with CEO Steve Steinour and new President Brant Standridge.

bizjournals.com
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Phil Timyan retweeted
Aaron Sallen
@aaronjsallenSep 8
Wrote a letter to $UBAB Board of Directors today requesting directorship for Jason and myself prnewswire.com/news-releases…

MERION ROAD CAPITAL AND BLUE HILL ADVISORS REQUEST BOARD REPRESENTATION AT UNITED BANCORPORATION OF...

/PRNewswire/ -- Merion Road Capital Management, LLC ("MRCM") and Blue Hill Advisors LLC ("BHA") (collectively, the "Investors"), shareholders of United...

prnewswire.com
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Phil Timyan retweeted
Ben Rabidoux
@BenRabidouxSep 8
Long but important thread: Let's take a trip the "Tahranto" to understand why Canadian banks are at risk of becoming trade war targets
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Phil Timyan retweeted
Zirkle Blakey III
@vaprepsSep 8
businesswire.com/news/home/2…

John Marshall Bancorp, Inc. and Eagle Financial Services, Inc. Announce Strategic Merger Uniting...

John Marshall Bancorp, Inc. (Nasdaq: JMSB) (“John Marshall” or the “Company”), the parent company of John Marshall Bank, and Eagle Financial Services, Inc. (...

businesswire.com
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EverBank, WaFd say merger would address each firm's issues americanbanker.com/news/ever…

EverBank, WaFd say merger would address each firm's issues

The deal announced Monday would diversify EverBank's higher-cost funding model, and it would accelerate WaFd's transition away from its roots as a traditional thrift.

americanbanker.com
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Phil Timyan retweeted
CorpusColossus
@CorpusColSep 8
My guess is $WAFd is (1) huge embedded losses on fixed rate loans meant ROE would drag for years (2) didn’t have stock price to buy others (3) CEO had plane crash and remarriage in last few years and so less patience for the grind ahead (4) so merge into a bigger market cap and trigger the change in control. The corollary to (1) is they had the embedded rate risk because that was the only way they added value for the customers.
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California bank $FMBL ends waiting game, sells low-yielding bonds americanbanker.com/news/cali…

California bank ends waiting game, sells low-yielding bonds

Farmers & Merchants Bank of Long Beach took an $85 million loss on the sale of $1 billion worth of municipal bonds. It plans to reinvest the proceeds into higher-yielding loans and investments.

americanbanker.com
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It looks like Charles Willis’ 10b5-1 trading plan was terminated and he’s finished selling $WLFC for at least 120 days. Maybe the $8M he got will keep him in the chips for even longer?
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First Financial Corporation $THFF and First Illinois Corporation Sign Merger Agreement globenewswire.com/news-relea…

First Financial Corporation and First Illinois Corporation Sign Merger Agreement

Transaction Strengthens First Financial’s Illinois Franchise Through Addition of Hickory Point Bank and Trust...

globenewswire.com
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Embattled bank names next CEO after investor challenge | Banking Dive $CSHX bankingdive.com/news/cashmer…

Embattled bank names next CEO after investor challenge

Cashmere Valley Bank tapped a Nicolet executive to take the reins. But the investor who publicly pressured the Washington state-based lender said he's still pursuing changes at the board level.

bankingdive.com
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