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Strategies & Market Trends : BB's from the Gang at

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From: Patricia Meaney	5/20/2010 6:24:30 PM
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CIBH - here is a rarity - emerges from bk and shares are safe - from the 8k: On May 10, 2010, the Federal Bankruptcy Court in Wisconsin issued its Final Decree, thereby closing the Chapter 11 bankruptcy case for CIB Marine and completing our plan of restructuring. We are the first bank holding company to successfully complete this unprecedented step while preserving the ownership of our common shareholders. We are pleased that this process is now behind us and we were able to successfully restructure our trust preferred securities (TruPS) indebtedness and improve our financial condition.

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