Best Hometown Bancorp, Inc. - FORM S-1 - EX-99.2 - EXHIBIT 99.2 - March 11, 2016

Attached files

file filename
S-1 - FORM S-1 - Best Hometown Bancorp, Inc.t1600568_s1.htm
EX-3.2 - EXHIBIT 3.2 - Best Hometown Bancorp, Inc.t1600568_ex3-2.htm
EX-3.1 - EXHIBIT 3.1 - Best Hometown Bancorp, Inc.t1600568_ex3-1.htm
EX-8.1 - EXHIBIT 8.1 - Best Hometown Bancorp, Inc.t1600568_ex8-1.htm
EX-1.1 - EXHIBIT 1.1 - Best Hometown Bancorp, Inc.t1600568_ex1-1.htm
EX-99.3 - EXHIBIT 99.3 - Best Hometown Bancorp, Inc.t1600568_ex99-3.htm
EX-23.3 - EXHIBIT 23.3 - Best Hometown Bancorp, Inc.t1600568_ex23-3.htm
EX-10.1 - EXHIBIT 10.1 - Best Hometown Bancorp, Inc.t1600568_ex10-1.htm
EX-10.2 - EXHIBIT 10.2 - Best Hometown Bancorp, Inc.t1600568_ex10-2.htm
EX-99.1 - EXHIBIT 99.1 - Best Hometown Bancorp, Inc.t1600568_ex99-1.htm
EX-23.2 - EXHIBIT 23.2 - Best Hometown Bancorp, Inc.t1600568_ex23-2.htm
EX-4 - EXHIBIT 4 - Best Hometown Bancorp, Inc.t1600568_ex4.htm
EX-2 - EXHIBIT 2 - Best Hometown Bancorp, Inc.t1600568_ex2.htm
EX-5 - EXHIBIT 5 - Best Hometown Bancorp, Inc.t1600568_ex5.htm
EX-21 - EXHIBIT 21 - Best Hometown Bancorp, Inc.t1600568_ex21.htm
EX-16 - EXHIBIT 16 - Best Hometown Bancorp, Inc.t1600568_ex16.htm

 

Exhibit 99.2

 

KELLER & COMPANY, INC.

 

FINANCIAL INSTITUTION CONSULTANTS

 

555 METRO PLACE NORTH

SUITE 524

DUBLIN, OHIO 43017

 

 

 

(614) 766-1426           (614) 766-1459 FAX

 

March 8, 2016

 

Boards of Directors

Best Hometown Bancorp, Inc.

Home Federal Savings and Loan Association of Collinsville

100 East Clay Street

Collinsville, Illinois 62234

 

Re: Subscription Rights - Best Hometown Bancorp, Inc.

 

To the Boards:

 

The purpose of this letter is to provide an opinion of the value of the subscription rights of the “to be issued” common stock of Best Hometown Bancorp, Inc. (the “Corporation”), in regard to the stock offering of the Corporation.

 

Because the subscription rights to purchase shares of common stock in the Corporation, which are to be issued to the depositors of Home Federal Savings and Loan Association of Collinsville and will be acquired by such recipients without cost, will be nontransferable and of short duration and will afford the recipients the right only to purchase shares of common stock at the same price as will be paid by members of the general public in a direct community offering, we are of the opinion that:

 

(1)The subscription rights will have no ascertainable fair market value, and;

 

(2)The price at which the subscription rights are exercisable will not be more or less than the fair market value of the shares on the date of the exercise.

 

Further, it is our opinion that the subscription rights will have no economic value on the date of distribution or at the time of exercise, whether or not a community offering takes place.

 

Sincerely,

 

KELLER & COMPANY, INC.

 

/s/ Michael R. Keller

Michael R. Keller

President

 

MRK:jmm

 

 

 

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