Could this be why AMCON has not named a buyer for Keystone Bank?

 

Since AMCON advertised for the sale of Keystone Bank last year 2016 in February, they have been unable to name the successful winner of the sale, even after several announcements to the fact that the sale would be concluded by end of 2016 and a buyer named.

Could this be connected to the difficult operating environment that  most banks went through in 2016? Or is Keystone Bank really in a bad financial state that investors would rather not touch with a long pole. Remember Sterling and Wema Banks had pulled out of the race sometime last year citing reasons of Keystone Bank not being a good fit for their respective banks.

Surprisingly also, news broke fourth quarter of 2016 on the Northern Cabal being controversially positioned to take over the purchase of the Keystone Bank, nothing has been said to deny or substantiate the claims.

What really is the true state of Keystone Bank and AMCON's deafening silence on her proposed sale.