PMB Board Message 196 repeats the
speculation/rumor that WFC will buy BBT. It's one I often hear and
see; and I think it's a good bet. WFC is one of the
most innovative and expanding banks now, with more
opportunities for young, eager, sharp employees. Of all
conventional banks, WFC is most savy in its internet use.
Current BBT employees might welcome a merger as a chance
to expand their careers even more.
Please tell which two of the top three senior
management at Matewan have left. Has Dan Moore, the Matewan
CEO, retired or resigned?
My recollection is
that several people with weird names [Attila the
Hunee, Hans und Franzky,.............] tried to tell us
that BBT's purchase of Matewan would lead to problems
for BBT. The mountain people like to bank with people
they know and trust, and that doesn't include bankers
Have a good weekend.
IMHO of course. My nephew said he heard that if
anybody from NC does move there, it is likely that they
will actually move to KY instead of WV. I thought the
bank was close to KY line, but go figure? Course, he
only heard a rumor and it probably isn't true, but the
fact that some folks considered that it might be is
interesting, particularly in light of the other posts and the
desire of MATE customers to deal with home folks (but
then, don't we all?) Maybe this isn't such a big deal
Any news from the VA contingent,
i.e., FNM & FVB? Nothing heard hear (that's a pun,
PS Why did the stock drop on heavy volume?
the headqurters of the former Matewan Bankshares
is in Williamson, WV, just across the river from
Kentucky. You can see Kentucky from the Matewan bank
building. Is is a small, mined-out coal and railroading
town. The river is a natural boundary but doesn't
really mean anything to locals. Many years ago it
flooded Williamson, but flood walls have been built by
the Corps of Engineers to hold back future flood
due to relief that it didn't buy Triangle. Word
was out on Friday that Triangle was going and many
thought it was BBT doing the buying. Now I hear talk
about WFC being very interested in the Southeast.