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BB&T Corporation Message Board

  • retiredfvb retiredfvb Jul 6, 2004 6:47 PM Flag

    PLEASEEEEEEEEEEEEEEEEEEEE

    Will you people get a grip and get back to the subject of BBT??????
    This is, in case everyone has forgotten, a BBT message board. I am sure you can find other message boards out there to discuss all the crap that I am seeing on this board. Give it up please and give this board back to the people who wish to discuss BBT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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    • I totally agree. Never in my life have I read so much garbage as on the BB&T message board. Do you people have nothing better to do than sit in front of your computer screen and discuss nonsense ? Get a life people !!!!

    • Bank Industry Hungry For Southern Markets
      Southeast's economic growth feeds banks' desire to expand their presence
      July 4, 2004 Charleston Post and Courier
      http://www.charleston.net/stories/070404/bus_04bankmergers.shtml

      Some excerpts:

      Long celebrated for its fried chicken and Southern charm, the Southeast is earning a reputation as a hotbed for big bank deals.

      Several acquisitions in the past few months have highlighted the industry's growing appetite for Southern deposit holders and their mortgage and investment accounts.

      Analysts say the trend will continue as long as economic growth in many parts of the Southeast outpaces the national average, and banks look to buy as much business as possible in areas with fast-growing populations and expanding household incomes.

      "The demographic trends in the South are positive, and banks that are developing a nationwide presence are going to want a foothold in the region," said Jefferson Harralson, an Atlanta-based analyst with Keefe Bruyette & Woods.

      Harralson said San Francisco-based Wells Fargo & Co. and New York-based Citibank are prime examples of big competitors that lack major strongholds in the South.

      Speculation several weeks ago that Wells Fargo was eyeing Winston-Salem-based BB&T Corp. caused the North Carolina company's share volume to jump. Some analysts now believe those rumors were misguided.

      "I would be surprised to see Wells go after BB&T right now," said Gary Tenner, an Atlanta-based analyst with SunTrust Robinson Humphrey.

      Tenner said BB&T's struggles to improve its performance and integrate an acquisition of its own -- First Virginia Banks Inc. -- make it an unlikely target for the time being.

      "They have enough issues right now that I would expect Wells to look elsewhere," he said.

      That could very well be to Alabama, where regional banks such as AmSouth, based in Birmingham, and Colonial BancGroup, based in Montgomery, run significant operations that extend well into Florida.

      Investors betting on consolidation in the banking industry offer some clues as to who might be next.

      Shares of Birmingham's Compass Bancshares, for example, traded significantly higher two weeks ago when rumors swirled that it could be the next regional target.

      • 1 Reply to dotcomdisplaced
      • BB&T could do a lot worse than Wells. I would have loved to have been a fly on the wall to hear JA ask for more than a 20% premium and Wells looking across the table saying - I don't think so... Lets hope we don't become the last house standing after the interstate has finished their expansion. If we want to get the premium prices others have, we have a lot of work ahead of us and the clock is ticking - real time. I may not be a CPA, but I can guess a 15% premium would be a bird in the hand. Otherwise, how soon can we really expect to see BB&T producing a 15% return. Whatever happened to the loans that gave problems to Republic?

    • Yes, it would nice to see some useful info and discussion on BBT here. But I haven't seen it happen. How many here predicted a merger last month, over and over? Such prediction guesses quickly become banal.

      Burt's more interesting and entertaining than most of the other stuff here about who got fired, who retired, and all the bragging about knowing so much which finally amounts to nothing.

      Burt, I used to hear talk a lot like yours from guys in bullshitting sessions in military clubs. Officers in the military are often more free-ranging in bullshitting sessions than enlisted personnel and NCOs can handle. That's why we keep it in restricted clubs.

    • Aplogies, RETIRED.

      Did/Do you know Mr. Hicks who retired from FVB a few years ago? He was an old timer with FVB.(Form Southwest VA... Radford)

      Also, what are your thoughts on BBT being bought?

      • 2 Replies to xavier_joe2001
      • I also knew/ worked with Mr. Hicks and respected the man a great deal. There are plenty of people still in the SW region that have very strong feelings about him (one way or the other), but he definitly knew this business and was determined to make his mark in the area. He is on the advisory board for BB&T and is still involved in that market a great deal.

      • Yes, I don't think there are many in the FVB Corporation who did not know of Howard Hicks. He was in the SW region and came to headquarters on a regular basis. I hear he was a strict but fair person to work for.
        I now do not think there will be a merger with Wells Fargo at this time. There will be a merger in the future though, has to be. That is the wave of the future, isn't it?

 
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