How nice it is to blame others for your problems. As a banker and investment professional myself and one intimately knowledgeable of PNBK, I know that the management was(is?) too complacent; concentrating the loan portfolio in real estate lending (especially spec construction) and using it as primary collateral in a narrow demographic was the cause of their current financial condition. If the company had greater depth and experience in its management, they would have remembered the real estate debacle of the late 1980's and early 1990's and protected itself by diversifying the loan portfolio. Management and majority shareholders of the company are the greedy ones who believed that they were immune from the effects of cyclicality of the real estate market. No matter what the business is, if you put all your eggs in one basket, you are doomed to failure. It doesn't take a brain surgeon to figure that one out, but this company's management failed to adhere to basic business practice. Now they're trying to clean up their own mess. Whether they have the ability to do that remains to be seen. I personally wouldn't bet my money on it. My mentor told me once that the market is not a casino or crap shoot. You're betting on a long shot with this one.