ViewPoint Financial Group (NASDAQ:VPFG)
The Company is the holding company for ViewPoint Bank The Company provides financial services through 31 branches and two loan production offices in the Dallas/Fort Worth Metroplex and one loan production office in Houston.
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Demutualization
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MHC that is demutualizing. All proceeds from the second step will become equity. Trading at a significant discount to that number, 70% of TCE post second step .
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VPFG is a stable island in the finacial world. It continues to earn a profit in the turbulant time the finacial stocks are in. I believe it's recent price reduction is not indicative of its performance.
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