A few things: What he says and what he does are two different things; there will not be anything available like Colonial as the FDIC participation therein is very unlikely to be repeated; as BBT's price goes likely so goes the target thus the total shares used to purchase may not change or may even go down. Regions made some management changes today and got slapped by Moody's. RF closing price today at 5.55; had recently been above 7. I have no clue what they'd take or what BBT would offer but RF fits the bill. Don't attack me with how bad it sucks - the banks for sale today all do.
I also don't have a clue as to what Kelly King will do. Just know what he said. Do know that EVERY TIME BB&T has bought a bank (other than Colonial) BB&T share price has dropped. That would NOT set well with the shareholders right now in my opinion. CERTAINLY NOT THIS SHARE HOLDER. Would be happy if we picked up another bankrupt bank.
Have seen several large community banks, billion plus, get taken out for way less than book. One offer requires the Treasury to take 50% of its tarp as part of the deal. Have to think BBT could do several of those type deals. May be too small to move the needle as it were.