Wonder if the completion date of these buildings is just a coincidence with the closing of FC proof operations or if it was planned all along?? When BB&T starts buying again at the first of the year, it will probably start with a Florida based bank. Provident and Merchantile Bankshares are the only ones in suburban Washington/Baltimore that are of any consequence and the premium would have to be much higher than that paid to FVB. So, what happens after the end of February to the proof people at F.C.---about the same as happened to other FVBer's. Watch your stock because when BB&T buys again, the value will go down again as with their other "merger's".
225 +/- employees will be severed. Collections perhaps What makes you think that the building haven't been sold as yet or at least an agreement to sell hasen't been reached? All things considered, it is a good move for BB&T except for the employee issues. Just imagine how many $1 million town houses they could build on that property.