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Heritage Bankshares Inc. Message Board

  • barkingdog78 barkingdog78 Feb 27, 2013 2:46 PM Flag

    FOR SALE

    I think the bank needs a "for sale" sign out front. Or, read the earnings reports ... then read between the lines.

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    • "Small banks will seek mergers because their management teams are aging and new regulations are too costly to bear, he says.

      “If you need one major overriding theme of the industry in the next three, five, seven, 10 years: massive consolidation, thousands of banks,” says Siegel, whose firm managed $5.1 billion as of the end of last year and invests in small banks. In the U.S., “I do see probably anywhere from 2,000 to 4,000 banks being swallowed up, and what you’ll see then is a more- concentrated system.”

 
HBKS
15.800.00(0.00%)Jun 26 11:10 AMEDT