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re: First NBC Bank selling 9 branches to Whitney

Posted on 1/3/17 at 3:00 pm to
Posted by TigerRob20
Baton Rouge
Member since Nov 2008
3732 posts
Posted on 1/3/17 at 3:00 pm to
quote:

Very true. They may be selling the branches that the other bank did not want to get more value and then sell itself to another bank.


Seems to be a some different small/regional banks around each location, with a few Whitney Banks next door or across the street.

Of all locations, the following number of banks are near them:

Iberia, Gulf Coast, First American - 2 each
Investar, Regions, Midsouth, Florida Parishes - 1 each.

(I didnt include Cap One, Chase, etc.)

I could see a bank like FABT or Investar getting a great deal on establishing their brand better in the FNBC markets. But I know nothing of any bank financials.

Posted by Socrates Johnson
Madisonville
Member since Apr 2012
2131 posts
Posted on 1/3/17 at 3:05 pm to
quote:

with a few Whitney Banks next door or across the street.


probably upgrading to newer facilities
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