Mr. Allison, I wish you had taken my suggestion a few months back and worked a deal with ASO. Now they are almost as big as our beloved (?) BBT! Oh well. Maybe this is the push you need to gobble up FVB, FMN, or OV. Too bad FirstAmerican is gone cause it looks like ASO picked them up for a good price (accretive this year.) Oh well....
Enough childishness on my part. I know the stock has been hammered lately, but is that a good reason to sit out? Maybe it is. When can you start buying out stock back? Inquiring minds want to know?
Attila, what do you think is next for BBT?
P.S. Yeah, I just re read this and it wasn't very cute, but hey! what do you expect when Monday comes on a Tuesday. Shoot, I'm retired and even I got confused. The question stands though - what next??
....Stock, responding to your question, Atilla is out of the country at this time, with Hans, but I caught up with him at a bar in Kopenhaven Monday night and discussed the situation.
Tush opines that it is good that BBT passed up on FAM. Much of FAM's asset base is now in Mississippi. Tush says that the demographics of the Mississippi market are worse than you-know-where north of NC. If BBT REALLY has its heart set on Mississippi, which I doubt it has, the largest bank in that state is still independent.......Trustmark......and no one has visibly shown an interest in it yet. Rumor has it that Deposit Guaranty had asked FAM to acquire it last year.......DG needed a white knight. No one seems to know who had been looking at DG, except possibly Hibernia, which recently fell on hard times itself and is probably looking for an acquirer as we speak.
Attilla seems to think that BBT is better going toward GOOD markets rather than toward marginal markets, and should learn from its experience with you-know-who in another state. That said, First Virginia would be desirable.
Many of us are wondering why BBT is acquiring so many insurance agencies. Many insured's now buy insurance direct from the carriers rather than from independent agents.
Tush wants to know if you have seen O.J. around recently.