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BB&T Corporation Message Board

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  • buy_high_sell_low_dot_com buy_high_sell_low_dot_com Dec 9, 2003 2:19 PM Flag

    upup

    Jim, what you have presented is that you know little of the financial industry. GWB is a THRIFT. As per the link below, a thrift is a bank that borrows deposits and uses them to lend money for MORTGAGE loans.

    ht*tp://www.investopedia.com/terms/t/thriftbank.asp

    BBT is a BHC(bank holding company). This definition in simple terms is the same as the above, with the exception that the bank uses the money lent from deposits to fund MULTIPLE types of loans (consumer, commercial, specialized, etc.). Of course, they also offer insurance, brokerage and other products.

    ht*tp://www.fdic.gov/regulations/laws/rules/6000-300.html#6000sec.2

    In case you didn't know, BB&T operates in a totally different way than a thrift and under different regulations. Thus, the two are not comparable. Working for a bank and part of the group that chooses peers (sorry, I'm not one of the "good 'ol boys"), we do not choose thrifts, because of those differences mentioned above(not because they make us look bad). Look at STI, SOTR, ASO or others and see if they list thrifts in their peer comparisons. I doubt they do.

    So keep apples with apples and organges with organges and I'll think you'll find your research goes along a lot better.

 
BBT
37.04-0.08(-0.22%)Aug 22 4:00 PMEDT

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