Don-n-ABQ

Tier 1 Capital Ratios and NPAs of Unofficial Problem Banks in the U.S.

I decided to check another one on the list for insider action:

Columbia Bancorp. (CBBO)

For this one we see insider buying by multiple insiders in Feb., May, and August. These insiders are buying at prices from $0.97 to 2.21.

There was also a nice gap up in September. On Sep. 17 the stock closed at $1.19, then the next day (Sep 18), it opened up $1.95, spiked to 2.904 @ 11:00 AM, and closed at $2.59 on massive volume (over 2 million shares versus average daily volume of 30 thousand.)

There was no news for the massive gap up and volume serge, and the bank was "officially" stumped:

www.thedalleschronicle...

Staci L. Coburn, the CFO, has been selling and not buying, in three small transactions this year. And so has director Terry Cochran and Director of Risk Management Robert Card.

But, directors Frank Toda, Charles Beardsley, Richard Betz, and Jean McKinney, have bought larger amounts this year.

So, on a net comparison basis, some of the directors of CBBO are at least buying some shares. Something the directors at FSNM are not doing.

David's list might have more value if it was additionally screened with insider transactions?