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CIB Marine Bancshares Inc (QX)

CIB Marine Bancshares Inc (QX) (CIBH)

17.95
-0.55
(-2.97%)
Closed July 20 4:00PM

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Key stats and details

Current Price
17.95
Bid
17.95
Ask
18.50
Volume
666
17.95 Day's Range 17.95
17.10 52 Week Range 26.00
Previous Close
18.50
Open
17.95
Last Trade
666
@
17.95
Last Trade Time
Average Volume (3m)
1,148
Financial Volume
$ 11,955
VWAP
17.95

CIBH Latest News

No news to show yet.
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.251.4124293785317.718.517.26227518.24683667CS
40.21.1267605633817.7518.517.1110817.74814023CS
12-1.05-5.52631578947191917.1114818.11654041CS
26-2.56-12.48171623620.5121.54517.1114219.08740623CS
52-6.04-25.177157148823.992617.1111620.66816126CS
156-7.2-28.628230616325.1543.7517.1106429.51676685CS
26016.511146.527777781.4443.750.8842356.37222905CS

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CIBH Discussion

View Posts
BigCat BigCat 1 month ago
Moving Value: $17.45
Book Value: $50.84

This represents a whopping 64% Discount to Book Value.

Health Rating: A (Via Deposit Accounts)

You'd be hard pressed to find a bank trading at this deep of a discount anywhere in the market right now... profits for CIBM are razor thin unfortunately. Definitely worth adding to my watch list here...
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XM ROCKS XM ROCKS 2 months ago
Yep. Both are down about 60 percent
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chainma1l chainma1l 2 months ago
Bummer on the timing. Would have been nice to have that margin call hit at $48 or whatever it hit a couple years ago.
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XM ROCKS XM ROCKS 2 months ago
I had a margin call on my SIRI. Had to unload about 5,000 shares. On a positive note, they were absorbed pretty well.



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chainma1l chainma1l 2 months ago
What the hell is going on here?
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chainma1l chainma1l 3 months ago
People just getting bored of the dead money? Could CIBH agree to a buyout for less than book value? I know banks aren't currently in favor, but this seems way undervalued.
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chainma1l chainma1l 6 months ago
Yuck. Still, TBV $53.35.
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chainma1l chainma1l 7 months ago
100 shares gets a 6% bump. I'm sure it would be linear, so 10,000 shares traded be a 600% gain. I'll be forced to sell at that point.
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XM ROCKS XM ROCKS 8 months ago
It sure will. I want it to be done and over with. I’m sure once the economy takes a turn for the better, we will be in better shape to make things happen.
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chainma1l chainma1l 9 months ago
it will be nice to get those preferreds out of the way.

The redemption of all preferred stock by the end of 2024 remains the top priority for the Company and the
most significant action we can take to build shareholder value. At CIBM Bank, our primary focus is operating
results and safety and soundness, which includes increasing earnings with strategies to improve net interest
margins and operating efficiencies. At our 2022 and 2023 Annual Shareholder meetings, we discussed our
strategic plans for complete redemption of all preferred shares, the timing of those redemptions, potential
challenges, and the many opportunities that follow the redemption process. We have taken important steps
toward our redemption goal, including the 2022 issuance of subordinated debt, and we continue to evaluate
alternative funding sources to supplement current Company cash and future capital distributions from CIBM
Bank (which require regulatory approval), if necessary. Our analysis, provided to shareholders in April,
remains unchanged and we are currently planning the next, and final, redemption to take place in 2024. The
past year is a strong reminder that the banking operating environment is subject to many variables outside of
our control. We will continue to provide our shareholders regular updates regarding the status of and changes,
if any, to our strategic plans.
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XM ROCKS XM ROCKS 1 year ago
I have almost 2 percent of the common shares…..why would we want to sell now? I’ve been along for the ride since 1998 or so…….what’s the rush?😜
👍️ 1
chainma1l chainma1l 1 year ago
Chugging along. Banks have been kind of all over the place. At least the ones I follow. Book value is up there and the "responsibility" may be to put up a for sale sign, but I'm not sure that the regulators are going to allow a ton of acquisitions currently, given the failures earlier in the year. Anyone other than me still holding CIBH?
https://www.cibmarine.com/documents/PressRelease_2QFinancials_071823.pdf
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chainma1l chainma1l 1 year ago
Q1 released.

https://finance.yahoo.com/news/cib-marine-bancshares-inc-announces-130000065.html
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chainma1l chainma1l 1 year ago
Good for the climate? Honestly asking, but CIBH still seems to be undervalued.

https://www.cibmarine.com/documents/PressRelease_2022Financials_012023.pdf
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chainma1l chainma1l 2 years ago
CIB Marine Bancshares, Inc. Announces $4.8 Million Redemption of Preferred Stock

BROOKFIELD, Wis., Dec. 07, 2022 (GLOBE NEWSWIRE) -- CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH) has confirmed the redemption date for its previously announced second redemption of preferred stock pursuant to its Second Amended and Restated Articles of Organization. Effective December 19, 2022, approximately 26.4% of CIB Marine’s Series A Preferred shares will be redeemed, on a pro-rata basis, at $825 per share. The $4.8 million redemption will be funded by the $10 million of sub-debt issued by the Company during the first quarter of 2022. Documentation has been mailed to all preferred shareholders of record by the Company’s redemption agent, Computershare Trust Company, N.A.

CIB Marine Bancshares, Inc. is the holding company for CIBM Bank, which operates ten banking offices and two mortgage loan offices in Illinois, Wisconsin and Indiana. More information on the Company is available at www.cibmarine.com, including recent shareholder letters, links to regulatory financial reports, and audited financial statements.

FORWARD-LOOKING STATEMENTS
CIB Marine has made statements in this release that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. CIB Marine intends these forward-looking statements to be subject to the safe harbor created thereby and is including this statement to avail itself of the safe harbor. Forward-looking statements are identified generally by statements containing words and phrases such as “may,” “project,” “are confident,” “should be,” “intend,” “predict,” “believe,” “plan,” “expect,” “estimate,” “anticipate” and similar expressions. These forward-looking statements reflect CIB Marine’s current views with respect to future events and financial performance that are subject to many uncertainties and factors relating to CIB Marine’s operations and the business environment, which could change at any time.

There are inherent difficulties in predicting factors that may affect the accuracy of forward-looking statements.

Stockholders should note that many factors, some of which are discussed elsewhere in this release and in the documents that are incorporated by reference, could affect the future financial results of CIB Marine and could cause those results to differ materially from those expressed in forward-looking statements contained or incorporated by reference in this document. These factors, many of which are beyond CIB Marine’s control, include but are not limited to:

operating, legal, execution, credit, market, security (including cyber), and regulatory risks;

economic, political, and competitive forces affecting CIB Marine’s banking business;

the impact on net interest income and securities values from changes in monetary policy and general economic and political conditions; and

the risk that CIB Marine’s analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.

These factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date they are made. CIB Marine undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to significant risks and uncertainties and CIB Marine’s actual results may differ materially from the results discussed in forward-looking statements.

FOR INFORMATION CONTACT:
J. Brian Chaffin, President & CEO
(217) 355-0900
brian.chaffin@cibmbank.com
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XM ROCKS XM ROCKS 2 years ago
It is undervalued for sure. I wonder what the floor price will be once the next round of preferred shares are taken out. Thoughts?
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chainma1l chainma1l 2 years ago
Earnings out. A solid "meh". Not bad, not amazing. No explicit mention of book value in the PR. It dropped a little, but stock is still trading well under.

https://www.cibmarine.com/documents/PressRelease_3QFinancials_101422.pdf
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XM ROCKS XM ROCKS 2 years ago
So when the additional preferred shares are repurchased and taken out of circulation, how long before the common share price appreciates? What is the anticipated share price at this time? Just curious if anyone has a guess…
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chainma1l chainma1l 2 years ago
Earnings out.

https://www.cibmarine.com/documents/PressRelease_2QFinancials_071522.pdf
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chainma1l chainma1l 2 years ago
New website design. Looks a bit like a template, but it's clean.
They posted Q2 on July 13 last year. And between the 12th and 20th years prior, so likely next week.
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XM ROCKS XM ROCKS 2 years ago
Thanks! I was asleep at the wheel…….
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chainma1l chainma1l 2 years ago
Q1 out.

https://www.cibmarine.com/financial_info/documents/PressRelease_1QFinancials_042222.pdf
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XM ROCKS XM ROCKS 2 years ago
NITE and MONR are on the bid. This stock is under accumulation for sure. I acquired 300 more yesterday using my dividend from SIRI in my 401k. This will be an interesting three years for sure. Hopefully when all the preferred shares are bough back, we can get a little dividend to reward us for the last 24 years……
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XM ROCKS XM ROCKS 2 years ago
My first purchase in 2002 was 500 shares at $25.00/share. That was right before all the “accounting irregularities”. That was also before the 15/1 reverse split. I need $375 a share to break even on those. I’ll take the DCA I have now though.
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chainma1l chainma1l 2 years ago
All time high. Well, at least since I've been following. Brokerage account looking pretty good despite some things I own not looking great. I'll bet XM ROCKS' account is looking phenomenal.
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XM ROCKS XM ROCKS 2 years ago
News out about capital offering……
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XM ROCKS XM ROCKS 2 years ago
MONR is in the bid again. They typically absorb all the shares that come up for sale based upon my past observations. Someone is trying to scare up some shares on higher volume. We should be over $40.00 by the end of March. Every day that goes by is one day closer to the repurchase of more preferred stock.
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chainma1l chainma1l 2 years ago
TBV $57.06

https://finance.yahoo.com/news/cib-marine-bancshares-inc-announces-183200500.html
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XM ROCKS XM ROCKS 3 years ago
17200 shares are wanting to be purchased at $36.50. Not happening…..because anyone that has them knows what they will be worth in the next year or two. Merry Christmas everyone!!!!
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gumzsa gumzsa 3 years ago
News out

CIB Marine Bancshares, Inc. Announces Addition to Board of Directors

BROOKFIELD, Wis., Nov. 19, 2021 (GLOBE NEWSWIRE) -- CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH) announced today that Ms. Rhonda Hopps, CFA, has been appointed to its Board of Directors, effective November 18, 2021.

Based in the Company’s Chicagoland market, Ms. Hopps has spent the past decade in executive management of charter schools and youth development organizations on Chicago’s south side and currently serves as the Executive Director of Chicago’s Comer Education Campus, an organization that serves over 2,000 youth annually with a dynamic integration of academics, youth enrichment, and college and career preparation. Prior to her service with charter schools, Ms. Hopps served for more than two decades in a variety of positions within the financial industry, including as Director for Red Mortgage Capital’s Chicago, Illinois office; and Senior Portfolio Manager for Allstate Investments, where she managed up to $4 billion in private placement, project finance, and non-rated municipal investments.

“We are thrilled that Ms. Hopps has agreed to join the Board of Directors of CIB Marine. Her extensive financial skills, decades of corporate finance experience, and passion for serving others are an ideal match for a community bank dedicated to supporting the communities we live and work in,” said Mr. Mark Elste, Chairman of the Board of Directors.

He added, “CIB Marine has sought out new Directors up to a year in advance of any anticipated retirements from the Board to ensure a smooth transition for both incoming and departing members of the Board. Through this process, we have been able to pursue another of our corporate goals: to improve the diversity on our Board while adding members with new perspectives and skills. Ms. Hopps will be a strong addition to our Board and we look forward to her insight and guidance for many years to come.”

CIB Marine Bancshares, Inc. is the holding company for CIBM Bank, which operates ten banking offices and five mortgage loan offices in Illinois, Wisconsin and Indiana. More information on the Company is available at www.cibmarine.com, including recent shareholder letters, links to regulatory financial reports, and audited financial statements.

FORWARD-LOOKING STATEMENTS
CIB Marine has made statements in this release that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. CIB Marine intends these forward-looking statements to be subject to the safe harbor created thereby and is including this statement to avail itself of the safe harbor. Forward-looking statements are identified generally by statements containing words and phrases such as “may,” “project,” “are confident,” “should be,” “intend,” “predict,” “believe,” “plan,” “expect,” “estimate,” “anticipate” and similar expressions. These forward-looking statements reflect CIB Marine’s current views with respect to future events and financial performance that are subject to many uncertainties and factors relating to CIB Marine’s operations and the business environment, which could change at any time.

There are inherent difficulties in predicting factors that may affect the accuracy of forward-looking statements.

Stockholders should note that many factors, some of which are discussed elsewhere in this release and in the documents that are incorporated by reference, could affect the future financial results of CIB Marine and could cause those results to differ materially from those expressed in forward-looking statements contained or incorporated by reference in this document. These factors, many of which are beyond CIB Marine’s control, include but are not limited to:

operating, legal, execution, credit, market, security (including cyber), and regulatory risks;
economic, political, and competitive forces affecting CIB Marine’s banking business;
the impact on net interest income and securities values from changes in monetary policy and general economic and political conditions; and
the risk that CIB Marine’s analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.
These factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date they are made. CIB Marine undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to significant risks and uncertainties and CIB Marine’s actual results may differ materially from the results discussed in forward-looking statements.

FOR INFORMATION CONTACT:
J. Brian Chaffin, President & CEO
(217) 355-0900
brian.chaffin@cibmbank.com

https://www.globenewswire.com/newsroom/ti?nf=ODM5Nzk1OSM0NTY0NzQ0IzIwODk4NDI=
https://ml.globenewswire.com/media/ZDQ2ZTE0NDktNzU3MC00ODUzLWJjOGEtODIzNjg5ZmVhMDQ0LTExMDE0MTM=/tiny/CIB-Marine-Bancshares-Inc-.png

Source: CIB Marine Bancshares, Inc.
© 2021 GlobeNewswire, Inc.
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chainma1l chainma1l 3 years ago
Do I hear $50? Do I hear book value?
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AKAPAK AKAPAK 3 years ago
$40!!! No other comment required
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XM ROCKS XM ROCKS 3 years ago
Here we go!! All of the trades today were purchases. Nobody selling, everyone buying. Congratulations to those that held……this should continue for four more years.
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gumzsa gumzsa 3 years ago
News out

CIB Marine Bancshares, Inc. Completes $18 Million Redemption of Preferred Stock

BROOKFIELD, Wis., Nov. 01, 2021 (GLOBE NEWSWIRE) -- CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH) announced that it has completed the $18 million Initial Redemption of its preferred stock on a pro-rata basis, at $825 per share, pursuant to its Second Amended and Restated Articles of Organization. Effective October 29, 2021, CIB Marine transferred the necessary funds to its redemption agent, Computershare Trust Company, N.A., and approximately 49.7% of CIB Marine’s Series A and Series B Preferred shares were redeemed pursuant to the Notice of Redemption and Letter of Transmittal dated October 15, 2021. Any preferred shareholders who have not yet tendered their shares, are encouraged to do so as soon as possible. Questions specific to the redemption process may be directed to Computershare at (800) 546-5141. For any other questions, please contact CIB Marine’s Shareholder Relations Manager, Ms. Elizabeth Neighbors, at (262) 695-4342 or Elizabeth.Neighbors@cibmarine.com.

CIB Marine Bancshares, Inc. is the holding company for CIBM Bank, which operates ten banking offices and five mortgage loan offices in Illinois, Wisconsin and Indiana. More information on the Company is available at www.cibmarine.com, including recent shareholder letters, links to regulatory financial reports, and audited financial statements.

FORWARD-LOOKING STATEMENTS
CIB Marine has made statements in this release that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. CIB Marine intends these forward-looking statements to be subject to the safe harbor created thereby and is including this statement to avail itself of the safe harbor. Forward-looking statements are identified generally by statements containing words and phrases such as “may,” “project,” “are confident,” “should be,” “intend,” “predict,” “believe,” “plan,” “expect,” “estimate,” “anticipate” and similar expressions. These forward-looking statements reflect CIB Marine’s current views with respect to future events and financial performance that are subject to many uncertainties and factors relating to CIB Marine’s operations and the business environment, which could change at any time.

There are inherent difficulties in predicting factors that may affect the accuracy of forward-looking statements.

Stockholders should note that many factors, some of which are discussed elsewhere in this release and in the documents that are incorporated by reference, could affect the future financial results of CIB Marine and could cause those results to differ materially from those expressed in forward-looking statements contained or incorporated by reference in this document. These factors, many of which are beyond CIB Marine’s control, include but are not limited to:

operating, legal, execution, credit, market, security (including cyber), and regulatory risks;
economic, political, and competitive forces affecting CIB Marine’s banking business;
the impact on net interest income and securities values from changes in monetary policy and general economic and political conditions; and
the risk that CIB Marine’s analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.
These factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date they are made. CIB Marine undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to significant risks and uncertainties and CIB Marine’s actual results may differ materially from the results discussed in forward-looking statements.

FOR INFORMATION CONTACT:
J. Brian Chaffin, President & CEO
(217) 355-0900
brian.chaffin@cibmbank.com
👍️0
XM ROCKS XM ROCKS 3 years ago
It was NICE for sure. I always said”not bragging” just saying. I ran this thing up over the years by snagging the shares available on a real thin ask many times. I was the reason we broke a buck, and also was the one that ran it up to $1.99 in March of 2018. Today was a great day. High volume, highest price printed since my first shares were purchased. Bought 500 shares at $25.00/share back in 2002. My first shareholder letter was “dear shareholder, we have to research and restate earnings due a large loss and other “issues”. I appreciate everyone involved in making things right for the common shareholders. I never thought I would have so much wrapped up in a stock, but I have always believed in CIBH and the current management. 30,500 shares long, REAL long!!!!!!
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chainma1l chainma1l 3 years ago
Missed that $38 today. Would have liked to have seen that on my balance. I'm sure CM's account looked pretty amazing. I'm not sneezing at $36.
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BigCat BigCat 3 years ago
The CIBH Beast Moans!

You da man Rocks!!!
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XM ROCKS XM ROCKS 3 years ago
From the 10/15 notice:
We strongly encourage you to retain your Residual Shares in book entry form to facilitate future redemptions of Preferred Stock expected to occur in a series of transactions over the next three to four years.
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AKAPAK AKAPAK 3 years ago
Thanks. The more bought back should reflect in more of the book value reflecting in the stock price, imo.
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XM ROCKS XM ROCKS 3 years ago
I think it’s up to three more years…..
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AKAPAK AKAPAK 3 years ago
Only 50.3% left. Does anyone remember the time frame to do so?

Effective October 29, 2021, approximately 49.7% of CIB Marine’s Series A and Series B Preferred shares will be redeemed, on a pro-rata basis, at $825 per share
👍️0
gumzsa gumzsa 3 years ago
News

CIB Marine Bancshares, Inc. Announces $18 Million Redemption of Preferred Stock

BROOKFIELD, Wis., Oct. 18, 2021 (GLOBE NEWSWIRE) -- CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH) announced the redemption date for its initial redemption of preferred stock pursuant to its Second Amended and Restated Articles of Organization, approved by both common and preferred shareholders in September. Effective October 29, 2021, approximately 49.7% of CIB Marine’s Series A and Series B Preferred shares will be redeemed, on a pro-rata basis, at $825 per share. The $18 million initial redemption will be funded entirely by earnings from CIB Marine’s wholly owned subsidiary, CIBM Bank. Documentation has been mailed to all preferred shareholders of record by the Company’s redemption agent, Computershare Trust Company, N.A..

Mr. J. Brian Chaffin, the Company’s President and CEO, commented, “We are pleased to be able to take this significant step forward in providing liquidity to our preferred shareholders, while building common shareholder value. Pursuant to the plan we outlined at our recent Annual Shareholder Meeting, we look forward to completing the redemption of all preferred shares in the next three or four years.”

CIB Marine Bancshares, Inc. is the holding company for CIBM Bank, which operates ten banking offices and five mortgage loan offices in Illinois, Wisconsin and Indiana. More information on the Company is available at www.cibmarine.com, including recent shareholder letters, links to regulatory financial reports, and audited financial statements.

FORWARD-LOOKING STATEMENTS
CIB Marine has made statements in this release that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. CIB Marine intends these forward-looking statements to be subject to the safe harbor created thereby and is including this statement to avail itself of the safe harbor. Forward-looking statements are identified generally by statements containing words and phrases such as “may,” “project,” “are confident,” “should be,” “intend,” “predict,” “believe,” “plan,” “expect,” “estimate,” “anticipate” and similar expressions. These forward-looking statements reflect CIB Marine’s current views with respect to future events and financial performance that are subject to many uncertainties and factors relating to CIB Marine’s operations and the business environment, which could change at any time.

There are inherent difficulties in predicting factors that may affect the accuracy of forward-looking statements.

Stockholders should note that many factors, some of which are discussed elsewhere in this release and in the documents that are incorporated by reference, could affect the future financial results of CIB Marine and could cause those results to differ materially from those expressed in forward-looking statements contained or incorporated by reference in this document. These factors, many of which are beyond CIB Marine’s control, include but are not limited to:

operating, legal, execution, credit, market, security (including cyber), and regulatory risks;
economic, political, and competitive forces affecting CIB Marine’s banking business;
the impact on net interest income and securities values from changes in monetary policy and general economic and political conditions; and
the risk that CIB Marine’s analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.
These factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date they are made. CIB Marine undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to significant risks and uncertainties and CIB Marine’s actual results may differ materially from the results discussed in forward-looking statements.

FOR INFORMATION CONTACT:
J. Brian Chaffin, President & CEO
(217) 355-0900
brian.chaffin@cibmbank.com
https://www.globenewswire.com/newsroom/ti?nf=ODM3NDQ5OSM0NDg4MzY3IzIwODk4NDI=
https://ml.globenewswire.com/media/NDRlMTYwNGUtODQwNy00NTA2LTkxNWMtODJkN2FiMjMxMWNhLTExMDE0MTM=/tiny/CIB-Marine-Bancshares-Inc-.png

Source: CIB Marine Bancshares, Inc.
© 2021 GlobeNewswire, Inc.
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XM ROCKS XM ROCKS 3 years ago
I do. I also have realized that the management has went to GREAT a lengths to ensure that we will eventually get some return in our investment. I sincerely appreciate that. The next three years should be a piece of cake…
Thanks to all the directors and management that made this possible. There seems to be an appetite for the commons now. I like that!!!
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gumzsa gumzsa 3 years ago
No clue but you must be really happy I know you have alot of shares and have been very patient.
👍️0
XM ROCKS XM ROCKS 3 years ago
It looks like we may never see this stock in the 20’s again. I wonder if we are going to see another 10-15 percent then the actual transaction takes place. Everything is going the right direction, and the payment for the preferred shares should be made this month. I’m just not sure if the current share price reflects the preferred shares already being removed from the count or not.
👍️0
gumzsa gumzsa 3 years ago
News out

OTC Markets Group Welcomes CIB Marine Bancshares, Inc. to OTCQX

NEW YORK, Sept. 27, 2021 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced CIB Marine Bancshares, Inc. (OTCQX: CIBH), a bank holding company for CIBM Bank, has qualified to trade on the OTCQX® Best Market. CIB Marine Bancshares, Inc. upgraded to OTCQX from the OTCQB® Venture Market.

CIB Marine Bancshares, Inc. begins trading today on OTCQX under the symbol "CIBH". U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Graduating to the OTCQX Market marks an important milestone for community banks in the U.S. public markets. The OTCQX Market enables banks to maximize the value of being a public company by providing transparent trading and easy access to company information for shareholders. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

Mr. J. Brian Chaffin, President & CEO of CIB Marine Bancshares, Inc. remarked, "We are excited to upgrade CIB Marine to the OTCQX® Best Market. This marks another accomplishment on our path to greater shareholder liquidity and we look forward to having greater visibility to the investing public."

Raymond James & Associates Inc. acted as the company's OTCQX sponsor.

About CIB Marine Bancshares, Inc.
CIB Marine Bancshares, Inc. is a bank holding company with its principal executive offices in Brookfield, Wisconsin, a suburb of Milwaukee. CIB Marine Bancshares, Inc. owns and operates CIBM Bank, which serves communities throughout Central Illinois; Chicago, Illinois; Indianapolis, Indiana; and Milwaukee, Wisconsin through its full-service banking offices. CIBM Bank offers a full array of traditional banking services, including a broad range of loan products, such as commercial loans, commercial real estate loans, commercial and residential construction loans, one-to-four family residential real estate loans, consumer loans, and commercial and standby letters of credit; acceptance of demand, savings and time deposits; commercial paper and repurchase agreements; and other banking services.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com


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SOURCE OTC Markets Group Inc.
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XM ROCKS XM ROCKS 3 years ago
Not sure. The price has risen quite a bit since the uncertainty was removed about the repurchase. Market
Makers do NOT care about price at all. I would think once the shares are removed from circulation by the repurchase, it would add some value for sure. We are definitely profitable now, which is nice. We have a P/E of 6, and that should change when the preferred are removed because of the conversion ratio that was setup. Once the rest of the shares are repurchased in less than four years, will we be able to get some dividends? Poison pill gone?
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gumzsa gumzsa 3 years ago
No clue. You have been pretty spot on with everything here what are your thoughts?
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XM ROCKS XM ROCKS 3 years ago
What are your thoughts on the future price for CIBH? Will it happen up after Friday’s approval, assuming it passes? Is the current price reflecting the valuation already baked in?
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XM ROCKS XM ROCKS 3 years ago
Someone has $133,000 burning a hole in their pocket……. Probably should have bought the 4,000 shares at 15.00…..
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