BBX might not be going under as fast as SAMB, but I would not load up here. BBX likely see under $1.50 before $2.00 again.

FDIC almost done catching up with CNB recievership so expect closings to start picking up prior to end of the year. I predict this will be the worst quarter yet in regards to bank closures.

My worry with SAMB is that there is very little there in terms of assets to be picked up. Locations stink and deposits are all high yield. If I was a penny over FDIC insurance I would be pulling it in a second. This may be rare case of FDIC ownership vs. another bank picking it up.