I know for years people have been calling for CFR to be taken out, but even in the bank buying frenzy of the last couple of years nothing has happened. Is this still a "family business" or will management start looking around seriously. If anyone works there, tell me what the feeling around the shop is like right now.
I do not have any knowledge of the agreement to which you refer, in which CFR agreed to be taken over in 1985. Please tell me what happened, and with whom the takeover was to occur. And, why did the Fed deny the merger?