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SNNF - Seneca Financial: Possible Buyout Candidate
Seneca Financial Corp
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Back in March, I set out to identify a buyout candidate. I theorized I might find one by parsing through mutual conversion banks that were newly eligible to sell. As a bank generally must wait three years after completing the stock offering before it can sell, I found a list of 11 2016 Bank IPOs and methodically pared down the list until I came to recommend PB Bancorp (PBBI). That was a very lucky