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  • insidehelp insidehelp Feb 28, 1998 7:50 AM Flag

    IFSB

    No need to even consider CF as a target for BBK, trust me. BBK has a reasonable presence in Virginia now. DC, Richmond, Hampton Roads area. UBSH may be a reasonable target. However, look at two areas going forward. Still a couple of strong candidates in Tidewater (CNIT and VABF- which is my favorite short term play). Start looking around Maryland. Some small S&Ls are left but nothing over the $1BB level. However, there are some interesting banks of that size left in Md.

    One other interesting play. IFSB, a four branch S&L in DC with approximately $250MM in assets. 10% of the stock is owned by Fidelity Low Price Mutual Fund. Trading at 1.3 times book. Look for a sale in 1998.

 
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