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BB&T Corporation Message Board

  • jstguess jstguess May 29, 1998 12:41 PM Flag

    Missed out on Pioneer

    Missed out on Pioneer Bank, who's next ??

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    • I believe that BBK will re focus on VA banks.
      Belief at BBK is that the mega mergers change the game
      again. Their performance has been great, but may be hard
      to sustain. Y2K is more exensive that most thought
      it would be and this will hurt BBK and others for
      the next two years. I don't think they will come up
      here (north of VA), but I doubt that they will focus
      on TN now. I would guess that Crestar and BB&T are
      renewing discussions - even if they don't wind up
      together. They are an obvious match if they can get past
      the social issues. Come on guys, CEO of something is
      better than CEO of nothing! (OK, perhaps Glenn Orr's
      $1.6 million/year for the rest of his life is better
      than nothing!) If BBK doesn't do something soon, the
      interest in the stock may dwindle and the "darlin'" of the
      South may take a slight tumble (we've already seen this
      somewhat), but this may be a good buying opportunity. I
      still like the stock, but the run is over for a while.

35.27-0.34(-0.95%)Jul 1 4:04 PMEDT