One of the recent trends it seems in the IPO market has been the going public of banks who have largely built their first few years of serious net income and growth on the backs of FDIC receivership. The market, I largely agree with it, has decided to take a wait and see approach to the entrants coming from this particular avenue. It makes sense because although the assets in these programs are sold to the acquiring banks at significant discounts the fact remains that the assets have been or are currently distressed. Something at some point made these assets that nobody else wanted. That being said, I'm never completely turned off to a bank in the $2-$10 billion deposits...
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