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BB&T Corporation Message Board

  • NCBanker NCBanker Mar 26, 1998 4:17 PM Flag

    BB&T in Virginia

    What does anyboby hear about BB&T and First Virginia??

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    • Merger would not be the correct terminology concerning Centura. Because of its sizr, if it were to occur, it would be an acquisition.

    • Barbershop is where we get all important financial information. Heard yesterday (4-8-98) that BB&T was thinking merger with Centura. How does this sound to you?

    • Hello Smudog

      Thanks for your info. BBK is a good bank period. Great customer service, great product line, excellent management. I think they are brilliant to be expanding into insurance and other types of financil services. BBT splitting is of no concern to me. The stock price keeps rising anyway.

      The vision Allison and others have laid out can be found in the letter to shareholders from the annual report. It talks about his vision for growth and his wanting to keep BBT "independent."

      This bank has come a long way, and will go very far in the future.

      Dr. JunJun

    • I had the pleasure of having Allison visit my school and sit in on one of my MBA classes less than a month ago. Among many questions we asked him was with the many planned acquisitions and recent growth of BB&T and with their stock price rising was a split in the works. The answer was not in the near future. However, Allison is big on stock options as pay and incentives so the possibility of creating more shares to cover exercising of options could neccesitate the creation of more shares.

      My advice is don't worry about a split but just get on board and watch this FI grow as it fills the niche of customer oriented banks during all these big bank mergers offering impersonal or automated customer service.

    • This one is interesting. I own all three.

    • Haven't heard any rumors but nothing would surprise me in this economy.
      Split rumor - just signed my proxy authorizing a large increase in shares = a split at next BOD???? Any thoughts????

    • Whats this rumor about BB&T merger with both Regions and Community Financial Group? CFGI is a small fry but the other two would create a powerhouse in the south. Any thoughts?

    • I suppose that I am snake bit. After the news yesterday about the bank/insurance merger eveyone said that the banks would reflect this and go up. BB&T is the largest insurance outfit in the Carolinas, is probably the best bank in both states, and the stock went down 1 & 1/8 th this morning. IT WILL RETURN however.

    • I hear Maryland and Georgia are high on the list. Still a chance for BB&T to buy VABF or CNIT if the price is good, but no talk of a First Virginia merger.

      • 1 Reply to HRM_POP
      • First Virginia is holding out big time, like Crestar. Ca't blame them though, get the best price.

        Someone asked about Walkoveryou, First Union, and Nations. I live in Virginia. Go to a BBT branch, ask some questions, and then go to one of the other three. There is no comparison. Customers do not like the assembly line set up of the other banks. BBT treats you real good.

        Remnember I said 70. We are almost there. This company is hot, and they are NOT selling. ALLISON is going to make this a real company. Another buyout coming soon for the BBT'ers.

        Dr. JunJun

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