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BB&T Corporation Message Board

  • sebanks sebanks May 19, 1998 10:47 PM Flag

    TN bound

    Analysis have said for the past year that TN was
    next for consolidation. There are three players there
    either of which would give BBK a full plate and
    transform them into a major southern force. UPC-Memphis is
    probably the envied retail banking operation in the
    mid-south. FTEN-Memphis is a powerhouse special products
    bank. FATN-Nashville very aggressive banking operation.
    Either of these would be(will be) a prize for someone
    but will be very expensive. These maybe more bank
    than BBK is looking to acquire.

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    • One smaller bank that they may want to look at is
      one in Nashville by the name of Bank of Nashville
      (CFGI). They now have three branches in excellent
      locations and are in the process of opening a 4th. They
      have turned the corner and making money and are
      selling for about 1 1/2 times book.

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