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First Virginia Banks Inc. (FVB) Message Board

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  • gunnar45 gunnar45 Jan 22, 1999 9:59 PM Flag

    The rumor persists....

    No one I talk with believes FVB can remain
    independent. The discussion is not "if" but "when". While 4th
    quarter results are better, the bank is still making its
    money in the highest risk area of auto financing. While
    this past quarter may look fine, wait until the repos
    begin, and many of these loans are without recourse to
    the dealer. There are simply too many fundamental
    problems with FVB and its management to make a go of
    independence.

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    • to me more pivotal questions than "if" or "when"
      are "who?" and "why?". Rumors about BB&T get me
      interested, but I wonder how much of a premium to get into
      the Virginia markets they'd get in this deal they
      would be willing to pay. Seems like a great strategic
      fit. But is this the kind of franchise BB&T can turn
      into a BB&T, Virginia operation? Anyone with a closer
      working knowledge of either institution than mine please
      advise.