not much insight left, it seems all that can be said has been said as far as economics are concerned. But from the mnb view, and knowing the intelligence of dan r. Moore, (current ceo of mnb), mr. Allison and anyone who is affiliated with bb&t should feel flattered that mnb "chose" them to be the lucky buyer of such a great company. What a shopping trip that must have been! Not many people have the advantage of picking their own boss! Go drm!!!!!
As a life long resident of Southern WV and especially, Williamson, let me take a minute to respond to the previous comments that have been made about the recent merger announcement.
First, Mr. Push, you sound like an intelligent person yet are very ignorant about the topic at hand. Let me be the first to assure you that technology is alive and well in Southern rural WV. That is how I am communicating with you right now. Surprise, we hillbillies do know how to use the internet. Secondly, as for our education, I have a Bachelors Degree from Georgetown College of which my parents paid for since they made too much money for financial aid. No my parents are not doctors or lawyers, dad worked in the mines and mom taught school�surprise, we do have money down here. Oh, and let�s not forget, I am three-fourths of the way through my Masters degree in Business Administration of which are taken via internet and compressed video at regional distance learning classrooms. Yes, people down here do know the value of an education. Not only do I have my education, but I am a licensed series 7 securities representative located in the southern WV region. And the number of investment representatives are growing which to me says there is a need for this type of business. We may not be a dumb as you think.
Third, in response to your comment on coal being the only economic substance for the area (OOPS, big words let me rephrase that). Coal is the only way we have to make a living (better?). Yes, we realize the economy is driven primarily by coal. That is why committees have been formed to study what types of industry can be brought in to the area to subsidize in the event the coal industry goes under. For your information, several telemarketing groups have relocated into the Huntington area, which serves Wayne and Cabell counties. The Kermit Branch does service Wayne county in WV. Another interesting fact is that the Danville Branch is 30 miles from Charleston WV, the states capital. But with the upgrade of 119, it takes less than 30 minutes to reach Charleston, in fact, many people that bank in Danville, work in Charleston, not in the coal mines. People in Southern WV do know the value of setting up wills, trusts and purchasing securities. Where are you getting your statistics? Besides, have you visited a MNB branch? Or even traveled Mingo or Logan Counties as you ask someone else? A lot has changed over the past 5 years.
As for the products offered, yes, credit cards are available and dealer financing all over the state of WV and KY, including the Huntington, Charleston areas in WV. There also is a partnership with Linsco/Private Ledger in securities and Bysis (formerly The Underwriting Group or TUG) for insurance products. As you can see, we are not as uneducated or ignorant as you would think.
You may be looking at numbers, which for a short term investment, that is the area you want to focus on. But for a long term investment, look further and deeper. Not simply at the rumors and stereotypes of Southern WV. There is rich heritage in these mountains. We have worked hard to abolish ignorance and stereotypes about southern WV but it appears there is still more to overcome. I will assure you and other stockholders of BB&T that we at MNB have made a commitment to each other. We want to succeed in this venture. What does BB&T have to offer MNB? The refined products of a big city bank into a small region, it�s called the "Best of Both Worlds". MNB is liked and very well respected in the market area it operates in. We want progress and by intelligent yet ignorant people like yourself, it is very difficult for Southern WV to receive anything. I would take more time but have work to do and classes to study for. And in case you are wondering I am a woman�