A Case of a Safe Port for Bank Stock Investors
Disclosure: As of this posting, I own shares of LOGN and may subsequently either dispose of them or purchase more.
PNC Financial Services, Pittsburgh, PA (PNC) - unlikely to be interested in acquiring a property as small as LOGN.
Salin Bancshares, Indianapolis, IN (privately held) - has been rapidly expanding throughout Indiana and might find LOGN an attractive candidate for acquisition.
Security Federal Savings Bank, Logansport, IN (privately held) - a Mutual Savings Bank that does not have stock with which to acquire another institution. Should Security decide to go public, buying LOGN could make sense.
(as of 12/31/2012)
David Wihebrink, Chairman and former CEO
Arden Cramer, President and CEO
Chad Higgins, Treasurer, Secretary, and CFO
Logansport Financial's Management team has been doing everything right for decades.
The have a stellar REPUTATION in the industry for being top-notch bankers.
They have produced remarkable RESULTS compared to their peers: