now that its stock has hit the skids? It would be a bargain even at $30. The share price won't get any lower than present. Lots of assets, earnings and good management. And if the fed doesn't raise rates at the next meeting -- we go to 45 in a heartbeat.
and with this rock bottom price it is a very good chance. But, IMHO, the message from the management of this bank is to remain independent. That may be just them saying what the employees want to hear.
I think a bank has to be for sale before someone can come in and take it over. It's the board's obligation to consider alternatives, but I think they lean towards staying in Memphis.