Baltimore County Savings Bank (Nasdaq = BCSB) is looking for more
capital (ie. money) since they squandered about $60 million dollars
over the past 10 years since they originally went public in 1997. Now
there looking for a secondary stock offering to raise another $60
million dollars or so. If BCSB President & CEO Gary Loraditch et. al.
couldn't get it right the first time, what makes any of us think that
they will get it right this second time? The only thing that has
changed is a new president... they still have the same good ole boys
network composed of the same ole faces serving as BCSB Board of
Directors.

What are these "sheep dressed up like wolves thinking?

What are they smoking?

Will you be an accomdating SUCKER and send these bastards any more of
you're hard earned money?

Counting on customers

by Laura Smitherman, Baltimore Sun reporter

Originally published May 27, 2007

A single customer got Baltimore County Savings Bank in trouble. Now
it is looking to many customers to get it out.

Still wobbling from a check-kiting fraud last year that cost it
millions of dollars, the suburban thrift is hoping that depositors
will look past its losses and the government's concerns about its
operations to buy up most of the stock in a sale that's expected this
summer.

Without a successful offering, the bank says, it could deplete its
liquid assets within two years.

Offering stock from such a position may be a tough sell. But Joseph
J. Bouffard, the longtime Baltimore banker brought in from outside
after
the fraud was uncovered to take over leadership of Baltimore County
Savings, says some extreme steps must be taken for the bank to get on
more solid financial footing.