Public Bank Turnaround/Sale
Mid-Size Bank in Southeastern US
Due to the successful implementation of all recommendations the Bank staged a dramatic comeback in client service and effectiveness. Business volumes increased and significant cost efficiencies added to a profitability surge resulting in resolution of OTS concerns.
An improving trend in new deposit accounts, mortgage volumes, branch sales of alternative investments and client service improvements, coupled with reduction of supervised loans led to a 600% increase in stock value within 24 months.
Soon thereafter the management accepted a buyout from a major bank, giving shareholders $28.50 per share for their stock, which was trading below $3.00 per share two years prior.