Prineville Bancorporation (PNVL.OB) 2007 Business Results Establish Local Banking Business Model Validity
Investors will be pleased to find a bank with solid business results to report for 2007. Interestingly, this is the case of a highly localized financial institution that has operated in a depressed economic climate, and under an interest rate regime that is inherently unfavorable for operating margins. Yet this local bank from a relatively small part of the United States has fared much better than celebrity management teams of its larger and international peers! This bank’s stocks are also interesting because of the systematic business expansion plan underway under management direction. Better branch business ambience, innovations such as drive-in…