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Financial holding company whose operations consist of banking, brokerage and investment services, mortgage banking, insurance brokerage, credit life insurance, commercial accounts receivable factoring and specialty financing.
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dsflaugher (< 20) Submitted: 6/10/08 4:48 PM : Start Price: $14.06 RF Score: -12.28
The recent merger with Amsouth will save on costs. Also this stock has been unjustifiably punished for the subprime mortgage crisis. It has some exposure to the Florida real estate market, but it is primarily in Northern Florida where the real estate market is not quite as overbuilt as in South Florida. This bank has operations throughout the Southeast where the real estate market has not been affected as badly as other parts of the country.
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