upc has a great geographic combination with bbt. they would make a powerhouse in the south east. upc does not have good management at the top and have not done the kind of job melding all their acquisitions and realizing the synergies lilke bbt has done. bbt management could do wonders with the upc assets. the merger of equals would be more like nationsbank and bankamerica with Allison ending up running a very large and profitable bank, a bank which eventually merged with Wells Fargo would stretch from coast to coast. the merger only works if bbt management ends up in control. i believe upc management is ready to cash in, step aside and let that happen. your thoughts?
the florida branches would only represent an entrance point of bbt wanted to be in Fla for cosmetics. if not they could be sold. fla purchases were probably worst upc made. Wells needs a customer base to convert to electronic banking. combined bbt upc customer base would be large. upc has west coast motgage business for some reason, i don't know what. any deal with wells would be pretty far down the road.