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SouthTrust Corporation (SOTR) Message Board

  • sebanks sebanks May 5, 1998 9:26 PM Flag

    Mississppi

    Two different SOTR officials have recently been
    quoted in the paper as wanting to go to MS. SOTR has
    only a few branches there. TRMK ($5.8), a pure play,
    is the leading independent there. A strong
    conservative bank making a good fit for SOTR. Also, presently
    being run by an ole SOTR boy.

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    • Just received the quarterly report. Looking at
      the Southtrust map of operations, SOTR has only 11
      offices in Tennessee and 8 in Mississippi.

      Seems
      like Banksouth would be a better fit. Banksouth (BXS)
      has operations only in Mississippi and
      Tennessee.

      There you go.

      martin

      • 1 Reply to fluorite
      • Msg. 101- Just because TRMK is not traded on NY
        does not mean it's not a good bank. Check out SOTR.
        TRMK has about twice the market share in MS as does
        BXS. There would probably be some branch overlap
        between BXS-SOTR. Not so with TRMK-SOTR. If SOTR was
        looking at both MS-TN in the same play, then FATN would
        be the prize. However, TRMK is THE bank in MS. Then
        take FTEN in TN,an excellent bank. There is a lot more
        to banks than just geography. I have heard it
        rumored that RGBK was very interested in FATN if it is
        still available after FCLR. JMHO