CHKJ Cherokee Banking Co. featured news, full reports, and detailed charts
Cherokee Banking Co. (CHKJ/CHKJ.OB) Wrap Up:
Cherokee Banking Company operates as the holding company for Cherokee Bank, N.A., which provides commercial banking services primarily in Georgia. The bank accepts personal and business checking accounts, interest bearing checking accounts, savings accounts, IRA accounts, and various types of certificates of deposit. It also offers commercial loans; installment loans; other consumer loans, including loans for automobiles, home improvements, and investments; home equity loans; home equity lines of credit; real estate construction loans; and mortgage loans. In addition, the bank provides official bank checks and money orders, travelers' checks, Mastercard and Visa credit cards, MasterMoney deb...www.cherokeebank.com
41 Employees
Founded in 1998
Cherokee Banking Co. (CHKJ:OTC Bulletin Board Market)
LAST $3.25 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 3, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Cherokee Banking Co. (CHKJ)
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OPEN
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PREVIOUS CLOSE
$3.25
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
12/12/08 - $12.90
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52 WEEK LOW
03/2/09 - $0.25
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MARKET CAP
4.0M
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AVERAGE VOLUME 3 mo
0.0
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
1.2M
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CHKJ Does Not Pay Dividends
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P/E TTM
NM
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CHKJ Top Compensated Officers
No compensation data is available at this time for the top officers at this company.
Executives, Board Directors
Key developments for Cherokee Banking Co. (CHKJ)
Cherokee Banking Co. Provides Earnings Guidance for the Year 2010
10/2/2009
Cherokee Banking Co. provided earnings guidance for the year 2010. For the year, the company expects to return to profitability in 2010.
Cherokee May Have To Sell Assets
06/23/2009
Cherokee Banking Co. must boost its capital and reduce its problem assets to satisfy a regulatory order. The order from the Office of the Comptroller of the Currency requires the bank to submit a plan for increasing its total risk-based capital ratio to at least 12% and its leverage ratio to at least 8%. The order said that unless the bank comes up with an acceptable capital plan, it could be required to sell itself or liquidate its assets. "We plan to continue progressing along the path toward the benchmarks we have established and look forward to continuing to work closely with our regulator to do so," Dennis Burnette, the president and chief executive officer, said.
Cherokee Banking Co. Reports Earnings Results for the Full Year 2008
02/23/2009
Cherokee Banking Co. reported a loss of $1,126,451 or $1.01 a share for the year 2008, compared to a profit of $489,378 or $0.44 a share in 2007.
CHKJ Competitors
| Company | Last | Change | |
| No competitor information is available for CHKJ. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | CHKJ | Industry Range |
| Price/Earnings | 4.6x |
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| Price/Sales | 0.7x |
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| Price/Book | 0.3x |
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| Price/Cash Flow | 4.2x |
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| TEV/Sales | NM | Not Meaningful |
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CHKJ |
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CHKJ transactions
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| No transactions in the last 6 months. | ||
More Recent News About Cherokee Banking Co.
More news for CHKJ
Cherokee Banking raises $4.1 million
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | view digital edition | ...Click here to read the whole Article (external link)
Cherokee Banking Company Raises $4.1 Million to Bolster its Capital Position and Take Advantage of Growth Opportunities
CANTON, Ga., Oct. 30 /PRNewswire-FirstCall/ -- Cherokee Banking Company (OTC Bulletin Board: CHKJ - News), the holding company of Cherokee Bank, N.A., today announced that it has closed a Private Placement Offering of common shares in Cherokee Banking Company in which it raised $4.1 million. The private offering, managed by Dean Waters of Commerce Street Capital, closed October 29th after the sale of just over 1 million shares. The company is using $3.25 million of the offering's proceeds to bolster Cherokee Bank's capital position, bringing its total risk-based capital ratio to 12.45% and its Tier 1 risk-based capital ratio to 8.33% as of September 30, 2009. Cherokee Bank is well capitalized and poised to take advantage of expected future loan and deposit growth opportunities."We are delighted to have successfully completed what very few companies have recently been able to achieve; raising additional capital in a very tough economy during a period in which we saw 20 Georgia community banks fail," said Dennis Burnette, president and chief executive officer. "Investors recognized that our underlying philosophy of safety and soundness and avoiding shortcuts to growth or profitability, have positioned us to succeed over the long term. As the only bank headquartered in Canton and with deep roots in Cherokee County - one of the fastest growing markets in the Southeast - we are uniquely positioned to grow a safe, diversified loan portfolio and increase our market share, earnings and shareholder value."Burnette added...Click here to read the whole Article (external link)
Bank Celebrates Tenth Anniversary at Shareholders Meeting
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