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Pen Bancrp

Pen Bancorp authorized unlimited preferred shares to be sold for $1 million per-share minimum five share subscription.  preliminary prospect this is being drafted and will soon be made available to accredited and institutional investors only in the United States.

Pen Bancorp In Talks With Federal Reserve Banking System

Pen Bancorp has hereby publicly notified the Federal Reserve Banking System that it's Founders have abandoned all further efforts to acquire Banner Corporation, Washington Trust, and People's Bank in Washington State. Instead Pen Bancorp is applying to various Foundations, Global Non Government Institutions and Foreign Investment Funds seeking safe asylyum from the turmoil of the global financial markets to begin a micro zero interest loan program, launch additional funding for the Penny Appreciation Fund which has been buying up U.S. Lincoln Pennies of all years and mint quality for ten dollars each for the past five years. The Penny Appreciation Fund is a division of the Infinite Freedom Foundations. The purpose of the fund is to educate young people on the value of saving their pennies and how to convert their pennies into equities for future longer term investments. The Infinite Freedom Foundations are the holders of all copyrights to the subject of Freenomics: The Modern Science of Free Economics published by Excalibur Press, another division of the Foundations. Pen Bancorp has been authorized to issue enough capital to underwrite enough mortgages to refinance every owner occupied home in America at Zero Interest. In the meantime the International Bank Activities Reform Commission has prepared a lawsuit which will be filed in Federal Court naming the State of Washington Division of Banking, Banner Corporation, Peoples Bank, and Washiington Trust as Defendants in multiple allegations being made public regarding how billions of dollars are being laundered through various Washington State Financial Institutions and how the Division of Banking has failed to serve the public interest egregiously and miserably. The Following Press Release was Released on the Date of July 10, 2013 by the Federal Reserve Banking System For release at 1:00 p.m. ET On July 15, 2013, the Federal Reserve will conduct a fixed-rate offering of term deposits with full allotment of tenders through its Term Deposit Facility (TDF). The Federal Reserve will offer 28-day term deposits with an interest rate of 0.26000 percent and a maximum tender amount of $1,250,000,000. As noted in the Federal Reserve Board's April 26, 2013, release, this operation is part of ongoing small-value operations designed to provide eligible institutions with an opportunity to gain familiarity with term deposit operations. Additional information regarding the operation is listed below; the operation will be conducted as specified in this announcement, Regulation D, and the terms and conditions of the Term Deposit Facility (http://www.frbservices.org/centralbank/term_deposit_facility.html). Description of Operation and Tender Parameters TDF Operation ID: F31 Operation Format: Fixed-Rate, Full allotment Term: 28-day Interest Rate: 0.26000% Operation Date: Monday, July 15, 2013 Opening Time: 10:00 a.m. ET Closing Time: 2:00 p.m. ET Notification Date (summary results): Tuesday, July 16, 2013 Settlement Date: Thursday, July 18, 2013 Maturity Date: Thursday, August 15, 2013 Tender Parameters Maximum Number of Tenders: 1 Minimum Tender Amount: $10,000 Tender Increment: $10,000 Maximum Tender Amount (per institution): $1,250,000,000 Award Minimum Amount: $10,000 Award Maximum Amount: $1,250,000,000 All tenders that are complete and compliant with the operation parameters listed above will be automatically awarded in full at the interest rate shown above. The minimum tender amount is $10,000; the maximum amount is $1,250,000,000 and should be submitted in increments of $10,000. All tenders must be submitted between the opening and closing time on the operation date. Submission of Tender Participants must submit tenders by accessing the Term Deposit Facility application (https://www.federalreserve.org/arrow/ARROWWeb/home.do) between the opening time and the closing time on the operation date. Notification Participants will be able to view their awards by accessing the Term Deposit Facility application. Summary operation results will be published on the Board of Governors' website (http://www.federalreserve.gov/monetarypolicy/tdf.htm) at approximately 12:00 p.m. (noon) ET on the notification date. Soon after, summary results will be posted on the Term Deposit Facility Resource Center page of the Central Bank Central website (http://www.frbservices.org/centralbank/term_deposit_facility.html). 2013 Monetary Policy Releases Pen Bancorp Non Voting Preferred Shares are being priced at one billion dolars per share with a guaranteed zero percent yield. Discounts are available to Foreign Institutional Investors seeking to hedge against the collapse of the dollar and all dollar denominated assets subject to a ten billion dollar minimum investment.