"A Pittsburgh-based hedge fund focused on small banks in the Marcellus and Utica shale regions is 60 percent invested since its launch six months ago, and on the prowl for more opportunities.
Wagner wouldn't reveal all of Shale Community BanFund's investments but identified two: Allegheny Valley Bancorp, based in Pittsburgh’s Lawrenceville neighborhood, and Cortland Bancorp, near Youngstown, Ohio."
http://www.bizjournals.com/pittsburgh/blog/financial-district/2013/...
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Is it me or did the article say alot about nothing? What I gleaned is that the dude is going to lend Cortland Bank some bucks?
Perhaps the author intended the article to be read by those who can see farther than the end of their nose ?
Nice Randolph, nice.
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