A Pair of Cheap, Well-Run California Banks | Value Investing News

A Pair of Cheap, Well-Run California Banks

  • With shares trading in the high $180s, River City Bank has a trailing P/E ratio of just over 10.
  • River City has a long history of successfully managing these risks, and I expect the bank’s strong balance sheet and high lending standards will help them manage whatever the next down cycle brings.
  • Rather than passing shares down to his heirs at his death, Exchange Bank co-founder Frank Doyle established a trust that would own 50.44% of the bank’s shares for the benefit of the community.
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