I am back...and will not offend anyone this time
with my post, but I think I have some interesting
informaion on the Firstar questions.
To begin, going
back several years, Citizens Bank was acquired by
Trans Financial, Trans was acquired by Star Bank about
a year ago, and now Star Bank has merged with
Firstar. Citizens, Trans Financial, Star now Firstar has a
presence in the Pike Co., KY...to be more
specific...Pikeville, KY and South Williamson, KY. Right in the middle
of Matewan's KY market. In fact, the Star Bank signs
just came down over the weekend on the So. Williamson
bank to reveal...Firstar!!!
Now, my question. I
am new to this merger biz so could someone help? It
only makes sense to me that a company as strong and
profitable as BB&T who is in the middle of several current
mergers would not be considered a company ripe for the
picking in a merger situation. After all, BB&T is the one
acquiring not being acquired? Just a thought.
I know you say you're not a company shill, but I
havn't gotten my report either and I live in a post
office, so did you mean to 10K?
want to know.
still think you're a shill, but I like shills - except
for shraide on the CAFC board! - and think you serve
a true purpose in society. Don't ask me what,
though, I'm still thinking!)Boy
welcome. It's great to hear from you.
the readers out with something. Someone posting to
this board wants us to believe that Firstar is an
important factor in W.V. banking because it has a "major"
presence in Kentucky and sends commercial lenders in to
W.V. to make loans.
Although Firstar now has
its signs on a small bank in Pikeville, isn't
Firststar really more of a very modest banking presence in
Kentucky. It's not in Louisville or Lexington, at least to
any major extent, is it ? Although Firstar is a
pretty good regional bank, isn't it really small potatos
in KY ?
To try to shed some light on your
question, i think BBT will eventually be acquired. Althoug
it is good at what it does,and its stock has done
well, it doesn't have the horsepower to eventually
compete with the really big guys in its main markets.
Really, in order to keep going, it has to keep on buying
banks and insurance agencies.
I know this thought
will be attacked by other posters to this board. Let's
amy......keep on posting babe. You
know what's cookin'.
Firstar, through the old Star Bank, has a pretty
good presence in the state of Kentucky, including
major positions in Louisville, Lexington, and Bowling
Green. They are in eastern part of state too, although
how much of their total Kentucky presence comes from
there I don't know.
They got much of their
Louisville and Lexington presence through the acquisition of
Great Financial Bank a few years ago. I don't know how
big it was, but it was one of the bigger banks in the
state. In terms of state market share, I don't know what
Firstar would be today, but based on their two most
recent Kentucky acquisitions, I would say they are one
of the bigger banks in the state.
1.Can someone explain to this investor the
concept seen in many merger announcements...."this merger
is expected to be accretive within the first
2.Please explain the concept of dilution and the affect
paying large premiums for an acquisition may have on
I may know just enough to be dangerous but would
prefer to more fully understand these M & A terms.
Unrelated and somewhat opposing.
I understand, STI buys banks that are outside its
current markets. BBT does fit that criteria, I am
ignorant as to what other criteria is being referred in
their pattern. This is not to say I believe that STI
will acquire BBT, only that I know a little about
BBT is focused on the client,
not the stockholder. They are more interested in
client value than stockholders getting rich, hence the
lack of stock options to emloyees (like FTU and BAC
has). Excellent company to work for and do business
with, but I do not see them as an aquisition target as
much as an acquirer of other small banks.
time when the big banks are attempting to limit
contact with the customer (FTU and the Future Bank
Implementation Project), it appears that BBT is providing more
personal service to their customer. Their employess seem
happy and well treated and they pass this on to their
Hey amywallst, I know what you are talking about.
You talk about luck. I was with CB,then TRF then STB
and then again FSR. I couldn't take the way FSR
treated their employees and there CUSTOMERS!!! So I got
out as fast as I could. Guess what now.....Believe it
or not I went to MATE, then guess what I am now with
the soon to be BBT. I've worked under so many
different names in the last five years that I really don't
know who I work for any more....Ha,Ha!
Now I can't
believe this rumor about Firstar and BBT. OH
NOOOOOOOOOOO!!!!! This is a nightmare. I sure hope that I don't end
up back with them again!!!!!!!
FSR may not be a
good Co. to work for, but I sure can't complain about
Now that's made me
Pleaseeeeeeee Not again.........Hush, you all quit talking like
that, I make me nervous!!!!!!