Welcome, not007. We're glad you could join us.You could well be right to be concerned, but let me play devil's advocate. The banking industry is in the midst of a major consolodation. Big banks are buying up smaller banks. To move into new towns, often they buy up an existing bank there.Hence, owning stocks in small banks can be part of a long term strategy. They will eventually get bought out, and you will have capital gains.It is not a bad strategy, assuming the banks involved are reasonably profitable. It does require some patience. But the payout can be fairly steady if you have enough of them and especially considering that many are good dividend payers.
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