Last $6.40 USD
Change Today 0.00 / 0.00%
Volume 1.1K
TBNC On Other Exchanges
Symbol
Exchange
OTC US
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

t bancshares inc (TBNC) Key Developments

T Bancshares, Inc. Announces Change of Independent Registered Public Accounting Firm

T Bancshares, Inc. confirmed that the client-auditor relationship between T Bancshares, Inc. and JonesBaggett LLP will cease, effective November 1, 2014, in connection with the consummation of the acquisition of JonesBaggett LLP by Whitley Penn LLP. On November 5, 2014, the audit committee of the Board of Directors of the company approved the engagement of Whitley Penn as the company's independent registered public accounting firm, effective as of November 1, 2014.

T Bancshares, Inc. Ratifies Appointment of JonesBaggett LLP as the Independent Auditors for the Fiscal Year Ending December 31, 2014

T Bancshares, Inc. announced that its annual meeting of shareholders held on June 25, 2014 ratified the appointment of JonesBaggett LLP as the independent auditors of the company for the fiscal year ending December 31, 2014.

T Bancshares, Inc. Announces Auditor Changes

On March 21, 2014, T Bancshares, Inc. reported that, on February 26, 2014, the Audit Committee of the Board of Directors of the company approved the decision to change accounting firms and empowered the Audit Committee Chairman to dismiss BKD, LLP as its independent registered public accounting firm effective upon completion of BKD's agreed upon services for the fiscal year ended December 31, 2013. On April 14, 2014, the company engaged JonesBaggett LLP as its registered independent accounting firm, formally replacing BKD. The company will request shareholder ratification of the appointment of JonesBaggett as its independent registered public accounting firm at its 2014 annual meeting of shareholders.

T Bancshares, Inc. Approves the Adoption of an Amended and Restated Certificate of Formation

T Bancshares, Inc. announced at its annual meeting of shareholders held on June 26, 2013, shareholders approved the adoption of an amended and restated certificate of formation for T Bancshares, Inc. to incorporate changes consistent with the Texas Business Organizations Code which replaced the Texas Business Corporation Act, effective January 1, 2010.

T Bancshares, Inc., Annual General Meeting, Jun 26, 2013

T Bancshares, Inc., Annual General Meeting, Jun 26, 2013., at 16:30 Central Standard Time. Location: Bent Tree Country Club. Agenda: To consider the election of 11 directors to the Board of Directors of T Bancshares for terms expiring at the 2014 annual meeting of shareholders or until their successors are duly elected and qualified; to consider the ratification of the appointment of BKD, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2013; to consider the adoption of an Amended and Restated Certificate of Formation for the company to incorporate changes consistent with the Texas Business Organizations Code which replaced the Texas Business Corporation Act, effective January 1, 2010; to consider an advisory, non-binding vote on compensation of named executive officers; to consider an advisory, non-binding vote on frequency of approval of the compensation of named executive officers; and to consider the transaction of such other business as may properly come before the annual meeting or at any adjournment or postponement thereof.

 

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Valuation TBNC Industry Range
Price/Earnings 7.8x
Price/Sales 1.3x
Price/Book 1.1x
Price/Cash Flow 7.8x
TEV/Sales 0.6x

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