I hoped that there would be more input from investors on this site. I have been watching this bank since they entered the Maryland market. I had a "team" come out and pitch for my business. I didn't like the boss Tisdale thought he was arrogant and was anxious like I was taking his time. The guy who did most of the talking Brian was very polite and knowledgeable. I opted to take a wait and see approach. I hope the Tisdale guy stays at the office next time. Bought some stock but don't think they would agree to buy out seems to go against their strategy especially with a young CEO. He wouldn't take a lesser role. Either its a hostile takeover which hasn't happened in banking for 15-20 years or they continue to buy these #$%$ little banks.
You are right. I wish they would stop buying these................banks. Everytime FNB stock price slowly comes back to higher levels, they announce another acquisition and our stock drops 2 points, Have seen this over and over for the last few years. No concern for shareholders! !!
I think the market is allowing them the credit but expect that might end soon. I have real concerns for the bank now that CFO is retiring. I firmly believe he is the brains behind the bank. CEO Delie is too much of a wildcard. I don't know how much longer I hold this. It just isn't like 30 years ago when you could buy a bank and ride it thru its various acquisitions. This bank needs to be acquired but it wont happen. Delie has too much ego.
Sorry to hear that they apparently made a poor choice with their new CEO, but in all fairness these acquisiitons have been going on for a long time under Williams and previous CEOs...
Am willing to hold for a while, like the dividend, even though they cut that in half after accepting TARP money in 2008!
I agree that they have been acquiring for a long time under Williams. And I think they have made some very good ones. But I was hoping they would then be acquired. And with a very young CEO with an ego there is only one way.. A hostile takeover helps no one and today they are rare especially in the banking industry.
Any way I think the market is going to have some major issues over the next 12 months. And the banking sector is going to have issues as a whole. I think the time to make the decision is rapidly approaching. But I really appreciate the discussion. I guess from the 2 thumbs down there are at least 2 others who come to this board but don't have anything to share.