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Non-Tech : MWBX Metrowest bank(Framingham,Ma.) -- Ignore unavailable to you. Want to Upgrade?


To: Arthur Tang who wrote (63)4/4/2000 7:29:00 AM
From: Arthur Tang  Read Replies (1) | Respond to of 87
 
Stock is still in trading range around $5-6. The market makers are not aware of the land development in communities in the last few years and the surplus deposits created by developers' profits. These banks no longer borrow from home loan board and the Federal Reserve bank.

In addition, these community banks are buying up the closed branches of large banks to gain deposits from local residents who prefer convenience banking. The prediction of less independent banks, down to 15,000, in the united states, may have to be revised. These community banks are all growing and becoming more profitable.

So is MWBX.