CIB Marine Bancshares, Inc. (CIB Marine) is a one-bank holding company. CIB Marine owned and operated CIBM Bank. CIBM Bank offers an array of traditional banking services. These services include a range of loan products, such as commercial loans, commercial real estate loans, commercial and residential construction loans, one-to four-family residential real estate loans, consumer loans, and commercial and standby letters of credit; accepting demand, savings and time deposits, providing commercial paper and repurchase agreements, and providing other banking services. On September 16, 2009, the Company filed a pre-packaged Plan of Reorganization (the Plan) in the United States Bankruptcy Court (Bankruptcy Court) for the Eastern District of Wisconsin (Case No. 09-33318) under Chapter 11 of the United States Bankruptcy Code (the Bankruptcy Code). In January 2010, the Company emerged from its pre-packaged plan of reorganization under Chapter 11 of the bankruptcy code.
I think CIBH is just a week or two away from releasing some very good and profitale news. The pps is now at .34 and will probably get close to doubling or maybe even exceed doubling on the release of this news. This is one of the very few banks to ever pull itself out of bankruptcy and their story continues to improve with each passing day. If an investor has some "loose change" in their trading account then this is a great stock to buy.
Some CIBH info
Company Background
