Colarion

$18 trn not bad.

Can't you save $11k and go to tether offshore? Former TD assistant store manager Wilfredo Aquino processed bank checks totaling $92 million for money laundering network leader Da Ying Sze, in exchange for about $11,000 worth of retail gift cards. bankingdive.com/news/ex-td-ban…

It hasn’t worked out at Primis. But is there an acquirer?

@thebankzhar ✅

Down Range Capital urges $cshx board to seek an immediate sale of the bank. sg.finance.yahoo.com/news/down-rang…

$CLBK roadshow attendees when they hear management say “We want to acquire early and often.”

What is the best core processor for banks and why is it CSI?

You might have played $SPCX, but did you play the First Carolina ($FCBM) IPO? If not you missed out on 10 cents upside Friday! They could rename themselves Dime Community, but that name is already taken (DCOM)

Index arbs buying Isabella Bancorp $ISBA into Russell add when mgmt is screaming they are overvalued with an ATM offering on top of a stock acquisition

Another problematic proxy, this one at Capital Bank $CBNK. The board has a reputation for meddling. The shareholders don’t appreciate it. 5mln shares are owned by insiders and 1+ by ETFs, suggesting almost every outside shareholder vote went against Whalen.

Below is the director vote at Coastal $CCB. The market is strongly critiquing the leadership of major owner Hovde, and these are the folks who haven't sold their shares. He also likely got millions of votes from ETFs. Time to get religion on operating leverage.

@shittysituationinvesting/note/c-262095849?r=8ayxo&utm_source=notes-share-action&utm_medium=web" target="_blank" rel="nofollow noopener">substack.com/@shittysituati…

There's a guy on $ubstack named Shitty Situations with a banger post for anyone in credit; all the ways people lie to you and credit can blow up in your face. Some of my favorites:

Warsh: I’d like to reduce the balance sheet. Bond market under the weight of deficits and waste:

If Nubank $NU will be paying an effective tax rate of 45%, why are they staying in Brazil?

Barry Sternlicht’s Starwood Capital is staring down another massive commercial real estate default. A $265M loan backing 22 of the firm's hotels just hit special servicing. therealdeal.com/national/2026/…

Exactly 2 years ago the CEO of Starwood, Barry Sternlicht, predicted regional bank failures “every week”. But looking at the news he should have predicted Starwood defaults every week.

$265 Million Loan Default Anticipated @trdny reports Starwood Capital faces default on a $265M CMBS loan for a 22-hotel portfolio. This follows a similar distressed $577 Million hotel loan that Starwood is resolving via asset sales.

Not advice but $SOUB $BAFN and $MNMB are three bank stocks where I believe the bidside is ignoring important and sobering information.

@silver52384 @CorpusCol @dirtcheapbanks The burn down is in the 8k and if you know the book the burn down is not punitive. There’s a reason this deal got done at $3.50 and not higher prices. Market is a bit antsy to get the rights it seems.

@CorpusCol @dirtcheapbanks interested to see @colarion 's $BAFN tbv est ... as with $159M capital minus $25M (imho) for what will be 85M deposit Sarasota branch closure & increased reserve (now just 13% on 100M unsecured 'credit-card' $100K-sized biz loans) ~ divided by 31.1M sh. outstanding = $4.30 tbv

I wrote up $BAFN on March 17th, at $5.40 per share. The entire thesis of the article was calling for an activist investor to remove the management team. The former management team destroyed the company. Book value at the time was around $15. In the article I highlighted each board member and why they are not a good fit for the bank. No experience, bad capital allocation, typical bullshit. I then wrote a play by play on what an activist investor should do. The company reported earnings last night. The stock is down 32% to $5.60 per share. There is a new CEO, Alfred Rogers. The company recapitalized the balance sheet with 22.9 million shares at $3.50 per share. Pro forma book value is now $5.11 per share from $15 or so. There are still a lot of problems. This former management team really screwed this one up. Book value has been destroyed. The board of directors at this bank should be held liable for their actions.

Otherwise a 35% ROE speaks to how good the payments business is.

Bancorp $TBBK grew their problematic REBL portfolio in 1Q. These are underpriced bridge apartment loans that tend to go bad. As Karen would say “ I need to speak to the manager.”