No one I talk with believes FVB can remain independent. The discussion is not "if" but "when". While 4th quarter results are better, the bank is still making its money in the highest risk area of auto financing. While this past quarter may look fine, wait until the repos begin, and many of these loans are without recourse to the dealer. There are simply too many fundamental problems with FVB and its management to make a go of independence.
to me more pivotal questions than "if" or "when" are "who?" and "why?". Rumors about BB&T get me interested, but I wonder how much of a premium to get into the Virginia markets they'd get in this deal they would be willing to pay. Seems like a great strategic fit. But is this the kind of franchise BB&T can turn into a BB&T, Virginia operation? Anyone with a closer working knowledge of either institution than mine please advise.