Athens Kroger stores raise nearly $30160 for Food Bank of Northeast Georgia
Kroger customers and associates contributed more than $25,160 in just six weeks to Kroger’s 2016 Can Hunger campaign — and an additional $5,000 to a second initiative benefitting the Food Bank of Northeast Georgia.
From Nov. 13–Dec. 24, Kroger customers supported the annual Can Hunger campaign by purchasing $1, $3 and $5 icons. Each icon purchased benefited Feeding America food banks and helped provide food to local families in need.
Additionally, Kroger’s annual “Bringing Hope to the Table” campaign engaged customers to help fight hunger. Between Nov. 1 and Dec. 31, 2016, when customers shared a photo of their empty dinner plate with #PictureYourPlate, Kroger donated the equivalent of 1,000 meals for each picture to Feeding America.
Kroger’s Atlanta Division, which includes Athens, raised more than $752,000 through Can Hunger and more than $192,200 from “Bringing Hope to the Table” for a total of $944,200, or the equivalent of 3.6 million meals to support food banks across Georgia, Eastern Alabama, and South Carolina. The donated amount surpassed its $600,000 goal.
I Hope Some Banks Have a Bad QuarterIs another well-run, shareholder-friendly bank where I would love to see a pullback in price. Northeast is located in Lewiston, Maine and has 12 offices with $988 million in total assets. Management have done an excellent job of increasing the asset level over the past several years and are now on the threshold of the $1 billion survive-and-thrive mark. They have a buyback plan in place and, in the most recent quarter, they bought back 645,238 shares at an average price of $10.75 and announced an additional 500,000 share stock repurchase plan. The stock is trading at 1.12x tangible book value, so it would not take much of a price decline for it to be bargain levels once again.
Small banks have had a huge run following the election. While it is true that community banks could see enormous benefits from relaxed regulations, lower taxes, and increased economic activity, I do not think it will all come together quickly enough for some of the hot money that recently entered the arena. I have a list of 89 banks on my desk that have strong balance sheets and loan portfolios that trade between 1x and 1.2x times book value. Many of them have activist shareholders working to unlock shareholder value over the next few years. I will be watching closely, hoping that a disappointing short-term result creates a chance for me to buy into the long-term opportunity at bargain prices.
I'm with Navy Federal Credit Union, but I'll have to switch soon because I'll be out of college and I'm not in the military. How good/bad is Citizens Bank? Are there account maintenance fees? How is customer service? How convenient is it?
Answers to all theses questions depend on where you live in relationship to the bank.. the closer you are.. the more convenient... Without knowing your banking habits, anything after that is a guess at best...