"Given the state of F.B.N.K finance, we need to reassess the ......purchase price," said Veneberg, who smiled wryly. (X.

Alas.

I still haven't been able to hide it from East West Bank!

But.

Winnieberg still showed a look of incomprehension on his face, and asked in a serious manner, "President Robert, what do you mean by this?" ”

"Hey, President Vieniburg, don't you really understand?" Robert's face showed a vague message, and then, pulling a document from his briefcase, spread it out on the conference table, and read it.

"According to my intelligence, in the past three years, F.B.N.K Finance has implemented a total of 137 real estate loan financing projects of more than 10 million US dollars, and 13 oil and energy loan financing projects of more than 5 million US dollars. Six of the oil drilling companies that received loans have filed for bankruptcy protection because of the collapse in international oil prices, and the rest of the energy loans are also facing losses. ”

"Of course, these oil loans are small and the losses are limited. The key is the 137 real estate loan financing projects, with a total loan value of $2.852 billion. In the event of a crisis in the real estate sector, the $2.852 billion loan would suffer serious losses. Coincidentally, California's real estate market is cooling down rapidly, and consumers' desire to buy a house is rapidly retreating. And as far as I know, F.B.N.K financial company has failed to recover several loans that have matured, because the borrower's property cannot be sold back, and the funds cannot be recovered......"

Atlantic Commercial Real Estate, with a 27.8% stake in F.B.N.K Financials, is the second largest shareholder of the real estate company. Today, at least three of Atlantic's projects are at a standstill due to broken capital chains...... Unfortunately. F.B.N.K Finance is the company's largest borrower, with $365 million in loans, which are likely to be lost with Atlantic's troubles. ”

……

"Heh, President Vinieburg, do you need me to continue?" Robert asked, looking up at Winnieburg and smiling.

See here.

Winnieberg could only shrug his shoulders helplessly, to be honest, every time Robert said a piece of information, his heart became a lot colder.

He realized that he wanted to defraud East West Bank. How ludicrous is the idea of throwing the F.B.N.K Financial mess on East West Bank in the face of the time difference.

People have already investigated his old background clearly.

"Huh, Robert, you have done such a meticulous job, if F.B.N.K Financial Company had been so cautious in the first place, it would not have encountered the predicament it is today." Winnieberg sighed. Unfortunately, the hot real estate market blinded him.

Robert smiled and said, "Thank you for the compliment." ”

"Yes, F.B.N.K finance is really having a big problem with the cooling of the real estate market. There may be many loans that cannot be recovered...... "Now that the truth has been figured out, Winnieburg has not continued to hide the problems of the F.B.N.K financial company.

"Will East West Bank continue to acquire F.B.N.K?" That's what Winnieburg cares about most, and to be honest, he regrets neglecting the merger from East West Bank. If he had just proposed the acquisition at the time, he would have readily agreed. Then there are no worries about today.

"Of course."

Even though F.B.N.K Financial had many bad debts, Robert did not lose interest in it, just because F.B.N.K Financial had acquired it with operations spanning thirteen states. East West Bank has quick access to the banking markets in these thirteen states, which is what he values most.

Let alone.

If Robert loses interest in the acquisition, he will not be idle to meet with Winnieburg.

"Hoo ......"

Get an affirmative answer. Viniburg's tense nerves relaxed slightly. It's good to be interested, but I'm afraid that Robert will just avoid talking about it.

Then.

Robert and Vieniburg engaged in a series of negotiations, discussing each issue of disagreement, one by one. Of course, Vieniburg was much weaker at this point.

I always have no choice but to make concessions.

Arguably.

In the first half hour or so, the talks between the two sides went relatively smoothly.

But.

Serious disagreements soon followed.

"Oh God, Robert, are you kidding me, it's impossible. You have to know that at this time, the market value of F.B.N.K financial company is close to 500 million US dollars, and it also controls several high-quality assets that are not listed, and when these assets are listed, the market value will skyrocket, and its value will definitely exceed one billion US dollars! Winnieburg said excitedly, even with a hint of anger on his face.

Two million dollars!

This is the acquisition offer given by Robert, this price, it is simply humiliating him and humiliating the entire F.B.N.K financial company!

At this time.

Vinnie Borg didn't go on a rampage directly, he can be regarded as a ninja master.

In contrast to Winnieberg's agitation, the executives of F.B.N.K financial companies who came to negotiate with him were all angry and glared at Robert.

If eyes could kill, I'm afraid that Robert would have been broken into pieces......

"Huh."

Robert chuckled, not paying the slightest attention to the F.B.N.K executives who were glaring at him, as if they were all air.

He had a reason to be proud......

"Winnieberg, you're right, the market value of F.B.N.K Financial is close to $500 million at this time, but this market value doesn't necessarily reflect everything. Guess how much market value will be left when all the news about F.B.N.K financial companies is revealed? ”

Forehead.

Winnieberg lost his temper suddenly.

"Let me answer you, the stock of F.B.N.K financial company at that time was no different from waste paper, and it is difficult to say whether it was worth 20 million dollars." Robert stared at Winnieburg and said slowly. It seems that he wants to use this to put more pressure on the other party.

Wastepaper?

Vinnieberg's face was ugly, but he didn't know how to refute Robert's words. Although he didn't want to admit it, Robert's prediction was very likely to come true.

He is the President of F.B.N.K Financial Corporation. He knew everything about the company's operations, and of course knew that the company had reached a point where it was impossible to salvage, and even the slightest hope that he would not be so desperate to sell the F.B.N.K financial company.

And those shareholders who value their wealth as their lives would not have so readily approved the sale of the company if they had not had a premonition of danger.

"Robert, F.B.N.K Financial is problematic, but it's valuable, F.B.N.K Financial has operations in thirteen states and more than 170,000 individual depositors. There are also nearly 100,000 corporate depositors and more than 2 million credit card users. That's a lot of money! With the acquisition of F.B.N.K Finance, East West Bank will be a qualitative leap forward. ”

Winnieburg wasn't stupid either, and he understood that East West Bank valued F.B.N.K so much that it naturally had the assets it needed.

And these customer resources and market resources are what the other party urgently needs.

Sold for only 20 million US dollars, Winnieburg was naturally unwilling and unacceptable, and he was still trying to make a final bargain.

"In the face of the huge losses that are about to come. These things are going to be worthless...... Robert said, shaking his head.

The two sides have been constantly negotiating on the issue of the purchase price. Until night fell completely, the two sides did not talk about this issue.

"Vieniborg, the $20 million offer, East West Bank is taking a lot of risk. I also need to ask my boss for advice. Maybe he won't necessarily approve the deal......" Robert told Winnieburg before leaving. For the acquisition offer, he is not willing to raise a penny.

The two sides are separated.

Robert was in a hurry to report the situation to Tang Bao, and Winnieburg also needed to communicate with the shareholders. 20 million dollars, ten sales, he alone said it doesn't count.

But.

What worries Vinnieburg even more is Robert's words before leaving, he is worried about whether the merger deal will be successful.

……

Upon returning to the hotel.

Vieniborg quickly began to call the shareholders of F.B.N.K Financial Company one by one, telling them about the negotiations, and at first he was very angry about the ultra-low acquisition offer, but after listening to Vieniburg's words, they were all like defeated roosters, drooping their heads.

In the end, it can only be left to Vieniburg, hoping to recover a little more damage in the end.

Meantime.

Robert was also reporting to Tang Bao, and what he said to Vinnieberg was indeed not lying, and the price of $20 million was made by East West Bank's appraisal team. As for whether Tang Bao will have the courage to acquire the imminent F.B.N.K financial company, he does not dare to guarantee.

Although F.B.N.K finance has a lot of high-quality assets, the risks of real estate financing loans are too great.

If these loans are not recovered, it will be a loss of billions of dollars.

"Boss, the whole situation is like this......" Robert quickly introduced the detailed situation to Tang Bao, and then waited for Tang Bao's decision.

Hear out.

Tang Bao couldn't help frowning, the billion-dollar real estate loan financing project of F.B.N.K financial company was really outrageous.

When the real estate crashed, eight or nine times out of ten, these financing loans could not be recovered, and eventually turned into bad debts. However, fortunately, a large part of the loan is secured, and even if it cannot be fully recovered, it will not be lost. The confiscation of those mortgaged real estate projects should make up for a lot.

"Go ahead and buy!" After weighing left and right, Tang Bao intends to continue to acquire F.B.N.K financial company, even if it is at the risk of losing money.

Don't miss the opportunity. Now that East West Bank is expanding through mergers and acquisitions, there is much less resistance, and in the future, this opportunity will gradually disappear.

……

Then.

The two sides engaged in fierce bargaining again. Five days later, Robert and Vieniborg finally reached an agreement and signed the contract.

East West Bank acquired F.B.N.K Financial Corporation for $20 million and assumed all of its debts. The acquisition was submitted to the US regulators for review and was approved very smoothly without any obstacles or difficulties.

Followed by.

East West Bank officially dispatched its finance and auditors to F.B.N.K Financial and began to take over the company gradually, but it will take a long time for the business to be integrated.

"Huh......"

Vinnieburg greeted Robert and his party at F.B.N.K financial company, one of whom was a Chinese teenager, and he felt a sense of familiarity.

"Winnieberg, this is my boss, Don." Robert said with a smile.

"Don. It turned out to be him! ”

Winnieberg suddenly understood why it felt familiar. Viniburg, who reacted, also stepped forward to shake hands with Tang Bao very politely.

"Winnieberg, huh? Are you interested in working at East West Bank? Tang Bao held Viniberg's hand and said with a smile.

It was the first time he had met Veniberg, but from the previous transactions, Tang Bao felt that this person had a strong sense of crisis, was sensitive and terrifying, and was also very decisive and courageous. F.B.N.K Financial Company did not go bankrupt, and Winnieburger was aware of the crisis from the company's financial situation and sold the company decisively.

"Ahh

Winnieburger didn't expect Tang to invite him to join East West Bank. Now that F.B.N.K financial company has been acquired, he is only in charge of staying behind.

As soon as the handover was complete, he would be unemployed.

"It's okay, you can think about it slowly and get back to me when you're done." Looking at Winnieberg's surprised expression, Tang Bao smiled slightly.

And Robert and Nick, who were following Tang Bao, were also extremely surprised, unable to understand why Tang Bao would look at Winnieburg so differently when he first met him.

……

Rumors of East West Bank's swift acquisition of F.B.N.K financial companies also spread. (To be continued......) R640