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Renasant Corp. Message Board

  • cwbyruff cwbyruff Oct 12, 2011 11:51 AM Flag

    country goes to the city

    The grass is not always greener. The trend is not always your friend.
    So many small banks taking their country town deposits & loaning them to the city lights, trying to be big time; going into markets they knew nothing about; picking up customers the more knowledgeable, established banks shunned. How many times did this scenario play out the past decade???
    I had always thought RNST was better managed than that. Neither selfishness nor greed are virtuous.
    In spite of this bad deal, the news article is interesting. Three of the best banks in MS. That was an impressive, aggressive move HBHC pulled off merging with WTNY. I had always thought RNST/TRMK would be a good merger. The other two MS banks mentioned as the best in the South. While I am on record for a BXS/TRMK MOE, RNST would be a safer, smaller bet. I just hate seeing so much divisiveness in such a poor state. Mississippians just love to be big fish in little ponds. I would like to see some MS consolidation so that we could have some larger institutions that could compete better. Of course, as large as banks have become today, a MS bank will unlikely never be a “large” player. With this super regulatory environment that banks are in, it just seems that these MS banks need to get larger. And, with the “Germantown lesson” banks are better getting larger in markets in which they are familiar.

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