M & A Activity for Southeast Regional Banks

M&A speculation for banks heats up

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Bond Street Holdings, a private equity firm in Weston with $3.2 billion in assets, has resumed buying banks, including the $773 million-asset Atlantic Coast Financial in Jacksonville.
Bond Street, which operates Florida Community Bank, acquired eight failed banks from the Federal Deposit Insurance Corp. in 2010 and 2011, including the failed Cortez Community Bank in Brooksville in July 2011.
The bank stopped its M&A activity until last month’s deal for Atlantic Coast, a report in American Banker said.
Kent Ellert, president and CEO of Florida Community Bank, told American Banker that the bank is aiming for $5 billion in assets by the end of this year, an increase of about 20 percent over its assets when the Atlantic Coast deal is complete. Asset growth will occur through both organic gain as well as deals for open banks and failures, the report said.
The bank considered itself a “skilled and friendly acquirer” and is actively look at other opportunities, Ellert told American Banker.

this is an excerpt from The Tampa Bay Business Journal
http://www.bizjournals.com/tampabay/

ZEN

Rhythm, being in synch, feeling  the flow....anybody who has participated in athletics, dance, acting-whatever the activity, you know what I am talking about, everything feels right. You are not "forcing" things to happen- it just happens. Your best performances come when you are in the "zone".

The truth is you are able to get in the zone because you are PREPARED. Michael Jordon, Kobe Bryant -these guys were/are prepared. 

So, if you are not feeling the flow of the market while trading, its probably best to stop trading and evaluate what is going on. It maybe a good idea (actually it's definitely a good idea) to step back and review what you are doing.

May all your trades be winners!

The Timing

                                                      


My last post on March 5 2013 titled, "Stay Away from these Stocks" was good advice, but the timing could not have been worse. I blogged about staying away from gold and silver miners in this market environment. The next day, those industries had their best day in weeks. It's just a reminder why short term trading is such a tough game. The article was targeted for investors who trade on fundamentals, not the minute by minute movement of the market. Timing the market is, well, a very tough thing to do.