Jul. 10 at 3:11 PM
$PNBK This is definitely a "white glove" service bank with headquarters in Stamford, CT and footprint in Greenwich, NY, Beverly Hills, and soon in Palm Beach, FL. In addition to standard banking operations and consumer and commercial business, they offer residential mortgages. Their mortgage business is small, but growing. The average cost of the home for the mortgages is
$1.9M. They have had
$145.3M in originations over 12 months, that are typically sold to third parties. Insider holdings are high, at over 30% and institutional hold low at under 20%. This is a long hold. Do your own due diligence; past performance is not an indication of future results. Best to all!
