Osce0la
2/16/2007, 10:40 AM
by some major bank based out of Spain. I was worried about it when I heard it on the news this morning because rumors were flying around yesterday about us being bought by a Florida based bank (which would mean my job would be in jeopardy). Turns out we ended up being bought by some bank based out of Spain and they are going to keep most (nearly all) of the staff they currently have working here - great news.
I was reading an article about it this morning that made me laugh though. Apparently this bank (the one that bought us) was looking to expand into the United States - and they were looking to do it in a large Spanish speaking community. What better place than Alabama, Florida, and Texas...Seems the basis of our appeal wasn't the fact that our bank was doing so well, but more the fact that we have a lot of Spanish speaking residents in the areas where our banks are located.
In other news, our stock jumped up 13% yesterday with the rumors of this acquisition. Our CEO made over 20 million dollars from company stock alone because of this deal...
I was reading an article about it this morning that made me laugh though. Apparently this bank (the one that bought us) was looking to expand into the United States - and they were looking to do it in a large Spanish speaking community. What better place than Alabama, Florida, and Texas...Seems the basis of our appeal wasn't the fact that our bank was doing so well, but more the fact that we have a lot of Spanish speaking residents in the areas where our banks are located.
In other news, our stock jumped up 13% yesterday with the rumors of this acquisition. Our CEO made over 20 million dollars from company stock alone because of this deal...