Selling FULT will be a practical impossibility because of each seperate b/d of the 15 individual banks.
Remember, the officers/directors of each acquired bank were kept on at great salaries (and cost to FULT) and permitted to run "their" bank the same as always. So why should they agree to sell/merge and put themselves out of a nice high paying job?
I didn't mean to imply selling the bank was going to happen. I fully understand the separate banks/boards issue, as well as the overhead required to maintain such a ridiculous structure. I said selling the bank is the only way to realize the value in this pig. Since we all know the fat boys aren't going to sell, by extension we also know we're not going to realize any meaningful value. We're on the same page, just coming at it from different directions.