About Bonds

Bond In Investing Savings by Freddie Mooche - Senior Financial ColumnistRichard Hunt, CEO of GB&T Bancshares was called "King of the small time bankers" by a regional lender after GB&T announced the acquisition of Southern Heritage.Visit our AXcess News Forum and add your comments on this story. Try your hand at writing, the best story will be published on our news network. Take our business poll too!

Bond Investment Toledo Toledo Print This Page

Central banks create money either by printing it or by buying bonds in the treasury market. When central banks buy bonds, they usually buy their own country's treasury bonds, and their purchases are made from banks that own bonds. The money from the central banks goes to the bank vaults, making capital.

James Bond Trading Card January 26, 2004 (AXcess News) Gainesville GA - GB&T Bancshares, Inc. (NasdaqNM: GBTB) acquired Southern Heritage Bank following its declared dividend of $.09 for the quarter. The multi-bank holding company announced increased operating income of 29.6% for 2003 Monday at 11:32 ET and the acquisition following the close of trading.

Blame the credit crunch and the falling U.S. dollar on the vice of the bosses at Merrill Lynch, Citigroup, and Bear Stearns. grade bonds that only they fully understood. The financial world finally woke up to the fact that it owned hundreds of billions of flawed U.S. backed bonds. As this nightmare unfolded, the great global investment banks on Wall Street, previously held to be invincible, soon discovered that they were on the hook for enormous sums. And, so it was no big surprise that the greenback continued its swoon dive, and gold soared while investors dumped big American bank stocks and U.S. mortgage bonds (where bids were available). Then, Bernanke came to the rescue bailing out the bad boys of Wall Street, considered to be the richest and smartest in the world.

Bond In Investing Stock Per share results for full-year 2003 were affected by a 22.0 percent increase in average diluted shares outstanding to 6,038,000 as a result of the 1,397,584 shares issued for the acquisition of First National Bank of the South ($127 million in assets), which closed August 29, 2003.

On the banks of the Liverpool Canal, it is a fascinating place that celebrates the industrial heritage of the northwest.

Municipal Bonds Investment For the fourth quarter of 2003, net income was $2.8 million compared with $2.0 million for the prior-year quarter.

Stage 2 The purchaser makes his initial payment (deposit) and receives a copy of the Deed of Sale for his records, as does the seller. Simultaneously, Agreement of Sale, to enable him to draw up his documents and a copy is filed by the Estate Agency. Bond application and approval The buyer applies for a bond with a bank. MortgageSA does this on behalf of the buyer. Once a bond has been granted by the bank it advises the Bond Attorney to register the bond.

Bond Terms Trading Richard A. Hunt, President and CEO, said, "We are working to integrate two acquisitions as well as manage in a difficult interest rate environment."Within the southern banking arena Hunt's aggressive stance in acquiring other banks is looked on cautiously by his peers. Banking within the South is ruled by hidden boundaries and gentlemen's attitudes towards their markets. Slow and easy is the norm, but not for Hunt.

Bond Debt High In Inside Monday's announcement of the Southern Heritage Bancorp merger puts GB&T into a new league.

Bond Greenville Greenville Southern Heritage Bancorp, headquartered in south Hall County, is the parent company of the $118-million Southern Heritage Bank, which was formed in January 1999 and today has three banking centers in Hall County. The combined assets of Southern Heritage and GB&T's flagship bank, Gainesville Bank & Trust, also located in Hall County, will exceed $500 million and significantly increase GB&T's deposit market share in that fast growing county.

Trading Stock And Bonds This will be GB&T's first acquisition within a market where it has existing banking operations.Hunt said, "The management and staff of Southern Heritage, and its directors, have established a loyal customer base in the expanding south Hall market. While the agreement calls for Southern Heritage to become a division of Gainesville Bank & Trust, our plans are for it to continue to operate under the Southern Heritage banner, maintaining its identity as a community bank with its same management and directors."

Bond Investing Municipal The deal called for the issuance of 1.063 shares of GB&T stock for each outstanding share of Southern Heritage, in a deal initially valued at $28.8 million. Southern Heritage shareholders may elect to either exchange their shares, receive $25.07 in cash per share, or select a combination of cash and GB&T common stock. The cash election may not exceed 30 percent of the total exchange value.

Basis Bond Finance Hill Hunt added that "the goal is for this transaction to be accretive to GB&T earnings within 18 months of consummation." The transaction is anticipated to close by the end of the second quarter of 2004.Casey Cagle, Chairman of Southern Heritage's Board of Directors added, "We look forward to joining GB&T, an organization that is strong and well respected in the banking industry."

Bond Explained Terms Trading Hunt, who was called "King of the small time bankers" by one of the region's larger lenders may have more surprises in store this year as shareholders look forward to the next round growth.

Bond Business Investing Stock Shares of NasdaqNM: GBTB closed Monday at $23.24, up $.39 or 1.71%, on light volume of only 1,624 shares. The 90-day average volume was reported to be 5,500 shares. The 52-week hi/lo is $17.28 to $25.54.

Bond Houston Houston AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.

[ Comment, Edit or Article Submission ]