Fivebridge and Remton Consolidated Bank: Difference between revisions
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==General== | ==General== | ||
*Plans to buy Fivebridge & Remton Consolidated Bank were announced by [[Perplex City Banking Company]] in August of 2005. | *Plans to buy Fivebridge & Remton Consolidated Bank were announced by [[Perplex City Banking Company]] in August of 2005. | ||
**Following the death of consulting economist [[Monica Grand]], who was an integral player in this deal, controversy was sparked when it was revealed that [[PCBC]]'s research in preparation for the deal was insufficient. | |||
==Opinions on the Buyout== | ==Opinions on the Buyout== | ||
*[[Perplex City]] finance deputy [[Hova | *[[Perplex City]] finance deputy [[Hova Lonehart]] was not a supporter of [[PCBC]]'s buyout of Fivebridge & Remton Consolidated Bank. | ||
*Former [[PCBC]] CEO [[Jonathan Smart]] (who resigned in September of 2005), foresaw no problems with the deal. | *Former [[PCBC]] CEO [[Jonathan Smart]] (who resigned in September of 2005), foresaw no problems with the deal. | ||
*[[Monica Grand]] expressed her thoughts that the acquisition would be a benefit to consumers. | *[[Monica Grand]] expressed her thoughts that the acquisition would be a benefit to consumers. | ||
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==The Involvement of Monica Grand== | |||
*The initial draft of the report on PCBC's acquisition deal was written by [[Monica Grand]]. | *The initial draft of the report on PCBC's acquisition deal was written by [[Monica Grand]]. | ||
*The delays occurred because [[Monica Grand|Grand]] had not completed her reports before her death. | |||
*The "pressure" of the Fivebridge Report was mentioned in [[Track 3.mp3]] | *The "pressure" of the Fivebridge Report was mentioned in [[Track 3.mp3]] | ||
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==References== | ==References== | ||
*''[[Perplex City Sentinel]'' | *''[[Perplex City Sentinel]'' | ||
**article, 8-SEP-05 "[[PCBC|Bank]] Deal Questioned'' | **article, 8-SEP-05 "[[PCBC|Bank]] Deal Questioned'' {{WaybackS1|www.perplexcitysentinel.com/archives/2005/09/bank_merger_que.html}} | ||
**article, 19-DEC-05 "[[Monica Grand|Advisor]]'s [http://www.perplexcitybankingcorporation.com/advisor/ Death] Throws [[PCBC]] [[Fivebridge & Remton Consolidated Bank|Deal]] into Deep Water" | **article, 19-DEC-05 "[[Monica Grand|Advisor]]'s [http://www.perplexcitybankingcorporation.com/advisor/ Death] Throws [[PCBC]] [[Fivebridge & Remton Consolidated Bank|Deal]] into Deep Water" {{WaybackS1|www.perplexcitysentinel.com/archives/2005/12/advisors_death.html}} | ||
Latest revision as of 22:24, 11 May 2007
General
- Plans to buy Fivebridge & Remton Consolidated Bank were announced by Perplex City Banking Company in August of 2005.
- Following the death of consulting economist Monica Grand, who was an integral player in this deal, controversy was sparked when it was revealed that PCBC's research in preparation for the deal was insufficient.
Opinions on the Buyout
- Perplex City finance deputy Hova Lonehart was not a supporter of PCBC's buyout of Fivebridge & Remton Consolidated Bank.
- Former PCBC CEO Jonathan Smart (who resigned in September of 2005), foresaw no problems with the deal.
- Monica Grand expressed her thoughts that the acquisition would be a benefit to consumers.
| PCBC Takeover Plans
The PCBC today announced their formal offer to take over Fivebridge & Remton Consolidated Bank. PCBC consulting economist Monica Grand said that the move should be a benefit to consumers, as the separate financial networks are gradually |
The Involvement of Monica Grand
- The initial draft of the report on PCBC's acquisition deal was written by Monica Grand.
- The delays occurred because Grand had not completed her reports before her death.
- The "pressure" of the Fivebridge Report was mentioned in Track 3.mp3
