Town Center Bank (QX) (TCNB) News

Reading the proxy, it looks like management has been bidwhacking. Their shares have reduced from 24 percent to about 12 percent, selling off!

I've withheld consent on all of them! It should send a nice message!

shareholders need to withhold consent for Daniel Regan as director to send a message because they ignore shareholder inquiries, wont fix the dtcc chill that affects liquidity and share price, and won't explain why the one report says stock options exist that will dilute us and the audited report states they expired. the options are not in the best interests of the shareholders. also questions of self dealing since the data processing expenses for many years are affiliates of management.

Was going up nicely then someone bidwhacked 1% of the float.

tcnb has been holding nicely at 5+. bid support is at 5.29 and a large number in the ask at 5.75.

pretty boring week at tcnb.

Fidelity

Anyone know of any brokers other than Schwab that let you buy this?

it's dtc chilled meaning that the shares arent held by the dtc, so the brokers must receive physical certs. most brokers don't let you buy it e.g.
interactive brokers, wells fargo, etc. ameritrade didn't let you buy, but people who transferred to schwab prior to November can buy. people who transferred to schwab after November can't buy due to the chill.

What's going on with this thing? It trades like a community bank that is 10-20 times bigger than it is... it's very strange. I've been in it for years... Where are you seeing the DTC Chill? I've never seen that before... It trades on the highest tier of the OTC market so I can imagine there being much wrong with it.

Anyone in this thing? My concern is they are listing about 3,200,000 authorized on OTCMarkets, but their authorized was changed to 10,000,000 when they changed the name to TC Financial. Also both the transfer agent and OTC Markets continue to show the name Town Center Bank, when it's TC Financial. Finally, it has a DTC chill that has never been addressed. Are there phantom shares out there? Are we trading a real stock? Why haven't they updated the CUSIP.

The Holding Company reported a consolidated net profit of $729,000 for the nine-months ended
September 30, 2023, compared to reporting a combined net loss of $236,000 for the nine-months
ended September 30, 2022.

https://www.otcmarkets.com/otcapi/company/dns/news/document/70287/content

The Holding Company reported a consolidated net profit of $503,000 for the six-months ended
June 30, 2023, compared to reporting a combined net loss of $745,000 for the six-months ended
June 30, 2022.

They purchased new equipment in 2022 which was a big strain on profits. 2023 has been quite good so far. In addition Book Value is well over $6 a share.

https://www.otcmarkets.com/otcapi/company/dns/news/document/68755/content

You're off base here.

Groups pushing this up, looks like a coordinated effort. I think management is doing some promo so they can dump their shares. Only they know what's happening with the bank which had a horrible 2022 and probably worse this year.

Amongst all the bank turmoil the past week or two this one has held up quite nicely. There was certainly some larger transactions that took place at the 3.50-3.60 level, but someone was clearly willing to soak them up.

Town Center Bank; September 30, 2021 Results

Town Center Bank (the “Bank”) (TCNB), announced its financial results for the nine months ended September 30, 2021. The Bank reported net income of $1,208,000 and $626,000 for the nine months ended September 30, 2021 and 2020, respectively.

https://www.otcmarkets.com/otcapi/company/dns/news/document/54869/content