A report in the Florida Business Journal, citing unnamed sources in the industry, said PNC Financial Services (NYSE:PNC) was interested in expanding its presence in Florida, and is looking at Regions Financial Corp. (NYSE:RF) and BankAtlantic (NYSE:BBX) for possible acquisitions.
PNC is reportedly already in talks with Regions, and is taking into consideration a possible deal with BankAtlantic.
Regions and BankAtlantic shares have been under pressure and possibly could be acquired at decent prices.
Most analysts see PNC expanding its presence in Florida as a good move for them.
PNC was trading at $59.96, down $0.45, or 0.74 percent, as of 12:37 PM EST. Regions Financial was trading at $6.27, up $0.07, or 1.13 percent. BankAtlantic was at $0.96, up 0.10, or 11.70 percent.
Wednesday, December 15, 2010
PNC (NYSE:PNC) Interested in Regions (NYSE:RF), BankAtlantic (NYSE:BBX)
Labels:
BankAtlantic,
PNC,
Regions Financial
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