Most of my stock certificates have SNB on them because I first got into this stock through Union Trust Company, Independance National, Southern National and now BB&T. That will date me to those of you that have been around that long.
John Allison, the one and only time I met him, greatly impressed me. I have had no reason to change my mine about him and his operation of BB&T. Like Stock, I would like to see stockholders getting a little better deal. However, I am going to put my trust in Allison and his team to bring me great rewards somewhere down the line.
I suppose none of us remember the bank as a rural association when it began in 1872. But, RW, your cost basis must be miniscule. Stock bought as late as 1990 would have had a cost basis (adjusted for one 2 for 1 split) of $2.00. I don't have your bragging rights, but I sure can't complain about my stock bought in 1993. And, I agree, as long as this well-run machine has as much on the ball as it does, who cares about the stock price. I won't sell it anyway.
Funny you should mention 1872 Ellen. I still have the shovel used for that groundbreaking (smile). Serious, I bought two shares of Carolina Bank in 1967 and added as I could. It merged with BB&T and I took advantage of dividend reinvestment which was not very much. But over a period of time it has done very well. Now I am retired and am very proud of the job BB&T has done for me. They raise dividends each year. I would recommend this stock to anyone who has patience.
I too have some of those SNB certificates from the stock split. Even though I'm in the east, I thought Clyde Stutts, Tete Pearson et al did a good job with their banks and their s/h have done well by the mergers. Good Luck.