Tom Brown's hedge fund Second Curve Capital has filed a 13G with the SEC regarding shares of Banner Corp (BANR). Due to portfolio activity on November 2nd, Second Curve has disclosed a 5.3% ownership stake in with 5,865,000 shares. This almost triples their position size as they owned only 2,000,000 shares back on June 30th. In terms of other portfolio activity from this hedge fund, we detailed how Tom Brown was buying more CompuCredit (CCRT) as well.
Taken from Google Finance, Banner is "a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its wholly owned subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank that conducts business from its main office in Walla Walla, Washington."
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Monday, November 8, 2010
Tom Brown's Second Curve Capital Almost Triples Position in Banner Corp (BANR)
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