John Allison
John Allison
checking free gone knew lots market match profitable quite realize stuff terms
We knew that deposits were profitable, but we didn't realize quite how profitable they were. We also have gone to free checking and other free lots of stuff to match up better with the market in terms of pricing.
companies continue economic high interested market match price problem run
We continue to look, but the problem is the market price. There are companies interested in selling, but they have such high expectations that when you run the numbers, you can't match the market price in many cases. It doesn't make any economic sense to me.
competition fired good past shoot
Traditionally, we haven't scored very well in the region, but a lot of times in the past we were so much better than the competition that it didn't matter. This year, we're not as good, and the competition is better. Hopefully, with those two things, we'll get fired up and shoot a good score.
beat competing good grew knew larger
We grew up competing with much larger institutions. They are very good at what they do and we knew that we couldn't beat them at their game.
lull pick somewhat
We are at somewhat of a lull in consolidation, but I think that will pick up again,
good
If it's too good to be true, something's wrong.
agents knowledge
We're programming these agents to have knowledge about the battlespace,
depends early mergers people talking whether
We're pretty much on schedule, ... We are talking to some people right now, but mergers are unpredictable. ... We'd like to see a transaction in the early part of 2006, but whether we will or not, frankly, depends on the sellers.
acquiring banks community grown internal largely last looking mergers near needed operations organic period revenue short successful time year
BB&T over the years largely has grown through the merger-and- acquisition process, acquiring community banks and thrifts, and that's been successful on our part. Over the last year we've had a little of this indigestion from a lot of mergers over a short period. We needed to take a little breather to refocus on organic revenue growth, and we think we're near that period of time where our internal operations are where we want, so we're looking at getting back into the (M&A) business.
affected encouraged given good negatively number positive quarter reflect results start
Given that our first quarter is usually negatively affected by a number of seasonal factors, I am encouraged that these positive results reflect a very good start to 2006.
achieve basic citizen clients company dedicated dream economic entity financial helping mission property rights success threaten undermine
One of the most basic rights of every citizen is to keep what they own. As an institution dedicated to helping our clients achieve economic success and financial security, we won't help any entity or company that would undermine that mission and threaten the hard-earned American dream of property ownership.
fashion fine good nice people treated word
The word got out that this is a nice tournament. People know they're treated in fine fashion when they come down, and it's good competition.
faith trust
A lot of it is the seat-of-your-pants-type thing and a lot of faith and trust in people.
allow earnings existing expanding extend georgia growing growth merger north potential presence tennessee toward
This merger accelerates our long-term earnings growth potential by expanding our Tennessee market. It will allow us to extend our growing Knoxville-based presence toward Chattanooga and on to our existing north Georgia franchise.