HBKS really isn't big enough for an out-of-town bank to come in and buy it like the Cenit deal... the footprint is too small. It's going to fit better with someone that already has banks in Hampton Roads. That sort of limits the list of potential acquirors ... so better to move sooner rather than later. The risk is if the timing is off, HBKS could get stuck without suitor. That wouldn't be good, because it would be hard to kick up growth again. Odds are HBKS moves sooner rather than later.
Interesting for sure ... but the presumed theory is this: Write off everything but the kitchen sink now, so any potential acquiror doesn't have to take any write-offs later. Funny they closed the only two branches that are too close to a BB&T.