Community Investors Bancorp Gone Private

Community Investors Bancorp announced that it has completed its reverse stock split and that investors that held less than 300 shares before the split will be receiving $15.00 in cash per share. I purchased 299 shares of Community Investors Bancorp last Friday in my taxable account, so this is great news for me.

The gains I make from this transaction will help offset the loss I had with FFD Financial. I’m glad that I sold for $15 right after the announcement that the company would not be going private, since the stock is now trading below $15.00.

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