Why would it have to be a savings bank? BBK is large enough to buy one of the few remaining VA based bank holding co's. Which they select would depend on where they choose to concentrate their marketing effort in VA. Crestar, First VA, and F&M all have their strengths. FVB is primarily retail, Crestar mostly commercial. FMN is the smallest of these 3, and is very dominant in certain areas. All 3 have a large (and growing) Northern VA presence. I would bet that at least one of these goes by end od 1st Q. '98.
Are there any Maryland banks or savings and loans that have a presence in Northern Virginia. BB&T appears to be interested in only sub-1.5 billion institutions. Perhaps they want to prevent any dilution of their stock through a major acquisition in the hope of receiving a substantial takeover offer. What do you think?
F&M is $2.6B. They have offices in the Northern Virginia area, suburban MD, and WV panhandle. No presence in Tidewater area of VA, or Roanoke Valley, but strong in northern (high growth) counties, Shen Valley, Charlottesville, Richmond. Attractive, but not cheap.