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                    [Title] => Epcib treasury shares
                    [Summary] => The 11-percent share in Equitable PCI Bank (EPCIB) owned by its subsidiary, EBC Investments, Inc. (EBCII), were acquired during the Equitable Bank and PCI Bank merger in 1999. Payments for these shares were booked mostly in the EPCIB capital account "Capital Paid in Excess of Par Value." It therefore makes sense that if the bank reacquires its own shares as treasury, it should reverse the "Capital Paid in Excess of Par Value" account where the value of the shares was originally stored and not the surplus account which is the norm.


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                    [Title] => Epcib treasury shares
                    [Summary] => The 11-percent share in Equitable PCI Bank (EPCIB) owned by its subsidiary, EBC Investments, Inc. (EBCII), were acquired during the Equitable Bank and PCI Bank merger in 1999. Payments for these shares were booked mostly in the EPCIB capital account "Capital Paid in Excess of Par Value." It therefore makes sense that if the bank reacquires its own shares as treasury, it should reverse the "Capital Paid in Excess of Par Value" account where the value of the shares was originally stored and not the surplus account which is the norm.


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CAPITAL PAID

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                    [Title] => Epcib treasury shares
                    [Summary] => The 11-percent share in Equitable PCI Bank (EPCIB) owned by its subsidiary, EBC Investments, Inc. (EBCII), were acquired during the Equitable Bank and PCI Bank merger in 1999. Payments for these shares were booked mostly in the EPCIB capital account "Capital Paid in Excess of Par Value." It therefore makes sense that if the bank reacquires its own shares as treasury, it should reverse the "Capital Paid in Excess of Par Value" account where the value of the shares was originally stored and not the surplus account which is the norm.


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                    [Title] => Epcib treasury shares
                    [Summary] => The 11-percent share in Equitable PCI Bank (EPCIB) owned by its subsidiary, EBC Investments, Inc. (EBCII), were acquired during the Equitable Bank and PCI Bank merger in 1999. Payments for these shares were booked mostly in the EPCIB capital account "Capital Paid in Excess of Par Value." It therefore makes sense that if the bank reacquires its own shares as treasury, it should reverse the "Capital Paid in Excess of Par Value" account where the value of the shares was originally stored and not the surplus account which is the norm.


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abtest

Epcib treasury shares

June 11, 2006 - 12:00am

The 11-percent share in Equitable PCI Bank (EPCIB) owned by its subsidiary, EBC Investments, Inc. (EBCII), were acquired during the Equitable Bank and PCI Bank merger in 1999. Payments for these shares were booked...

Business

Epcib treasury shares

June 11, 2006 - 12:00am

The 11-percent share in Equitable PCI Bank (EPCIB) owned by its subsidiary, EBC Investments, Inc. (EBCII), were acquired during the Equitable Bank and PCI Bank merger in 1999. Payments for these shares were booked...

Business