SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Richmond County Savings Bank (RCBK)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: KYA27 who wrote (21)2/23/1998 9:24:00 AM
From: gambler2  Read Replies (1) of 47
 
1. Can you open accounts out of state w/o being
physically present, ie. over the phone..??

Answer:Most banks will not allow out of state customers to open accounts. Those that do might not let you open accounts by mail. What I'm trying to say is that there are about 100 banks that allow out of state and allow through the mail.

2. Is it worth taking a chance to open accounts in small banks, ie.3 branches or so? Do they proportionately issue equal amt of shares as do larger banks to depositors, or is the amt miniscule and not worth it??

Ans--they will generally issue you more stock for your dollar, since they have less depositors in the bank. Independence is so over subscribed becausethere are so many eligible people around. If you find a dinky bank in a dinky town you can get a lot of more shares.

In regards to demutualizations, read that Prudential may go public in a few years,what do you feel about speculating in these?? How is the
amt of stock issued to policy holders determined, is it based on cash value of your acct or what??

Ans--Insurance companies are very tricky as I'm not sure yet how the game works. What I've heard is that if you have a policy or annuity by their set cut off date you are eligible for the conversion IPO. My guess is that the allocate x amount of shares per policy they have written and they give you the option to buy that amount of shares. Whatever is left goes community. Reason I think this is because there was a company in Pennsylvania that was going public and the company thought that they were going to have to go communtiy. I mailed in money then called the company and they told me sorry our policy holders took everything. This is a great game to play as I'm sure Dennis can attest to...Good luck...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News