Thanks for your concern. AP did a great job building such a sizable bank in a small town. As for the current problems that you express, I have complete confidence in the abilities of GH to not only correct any issues, but to build upon the synergies such a combination would produce.
I know it goes without saying but the key to the combination is the exchange rate. I suspect that BXS is not worth now what they would be asking. BXS would have to honestly confront its issues to properly value the franchise. I suspect that BXS is worth more to TRMK than BXS would be worth to another institution. That’s not to say that TRMK should necessarily pay more than another bank would pay. The BXS family (customers for sure & I suspect the employees as well) would benefit from BXS’ combining with TRMK. Of course, TRMK shareholders would not like any deal that might impede the dividend. Having gone through this financial crisis with dividend intact was a major feat. One would not like to put the dividend in jeopardy now. Such a combination may not be possible. I do think the rewards are worth exploring. RF & ASO were able to pull it off.