$(FRC)$ This bank and its business are in good shape. But as is the case with all banks, if there is a run on the bank, it can become insolvent. As it has weathered the storm these last few days, I don’t believe there will be an insolvency causing run. But the landscape has changed and I don’t see it recovering to $140 any time soon. There was some loss of deposits which will take time to replace and a stricter regulation environment will impact margins and earnings. I can see this bank loosing 25% of its pre event valuation in any sale or selling for $105.
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