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Re: buyorsell40 post# 218

Thursday, 05/19/2011 4:28:04 PM

Thursday, May 19, 2011 4:28:04 PM

Post# of 237
I only have time for a quick response but will answer the first part of your question and get back to you.

buyorsell40 writes: HOW LONG SHOULD THE MERGERS TAKE?

Banks are a highly regulated business. Because of that alot of I's must be dotted and T's crossed before the Regulators will bless (or reject) the deal. FNBN isn't exactly the model of a healthy bank and I'm sure they're getting a prostrate exam as we speak. Any Bank proposing a merger with another gets the exam but especially a weak bank like them.

Personally I think we're looking at late summer/fall 2011 before we see a decision.

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