Unless you're a severely distressed bank, they'll most likely not even take your call. With LIBOR rising and
banks becoming healthier TPS holders are probably looking at it as one of their better assets to hold. Consequently, they
have no reason to give a discount or even sell at par.
Jon D. Drake
Senior Executive Vice President & CFO
Peoples Bank
5820 82nd Street
Lubbock, Texas 79424
Phone: 806-776-2006
Fax: 806-771-2268
Cell: 806-239-1615
Email: jdrake@peoplesbanktexas.com
________________________________
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------Original Message------
Have any of you been able to dive down into your trust preferred and been able to find who owns with the sole purpose of approaching them to negotiate a discounted early prepayment ? Did you use a broker to assist and was that beneficial ? Any thoughts or recommended parties to work with would be great.
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Gordon Johnson
President & CFO
American Bank
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