Word: southtrust
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...First American, the rumor was that either Houston-based Southwest Bancorporation of Texas or Texas Regional Bancshares, based in McAllen, Texas, might get poached. Both remain available. To the east, Florida is hot with deposits from transplanted retirees. In June Wachovia, based in Charlotte, N.C., announced it would buy SouthTrust, based in Birmingham, N.C., which has a major Florida franchise. Many banks have already seen their stock prices bid up, which makes them less attractive. Still, targets could include First National Bancshares, based in Bradenton, Fla., and Tallahassee-based Capital City Bank Group. Other banks with a large presence...
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