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Non-Tech : SOUTHERN REGIONAL BANKS -- Ignore unavailable to you. Want to Upgrade?


To: Robert Hines who wrote (15)12/12/1997 10:52:00 AM
From: Martin Wormser  Respond to of 77
 
Robert, Thanks for the news. Since Stocksmart went to a pay website, I don't get the news so easily.

The Southern Regional banks will consolidate over the next couple years. It amazing how many there are with small amount of shares outstanding. Like Alabama National, Carolina 1st, South Alabama.

Here in Arizona the regional banks have already been taken over. We only have large national banks.

Unfortunately, most investors aren't excited in banks. I don't know the banks in the South nor do I live there. So, I'm at a disadvantage. That's why I started the thread. I don't do options.
Sorry.

Friday December 12, 7:59 am Eastern Time

Company Press Release

Regions Financial Expands In Georgia

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Dec. 12, 1997--Regions Financial Corporation and First State Corporation [Nasdaq:FSBT - news] of Albany, Georgia jointly announced that they have entered into a non-binding letter of intent with regards to a proposed merger of First State Corporation into Regions Financial.