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Wells Fargo Seeking Fed Shotgun Marriage

A buddy of mine works for Wells Fargo Financial and he said that they had said they might look for a presence in the east and he mentioned WAMU was talked about, this was in like a mailing to all managers I guess. I immediately thought it would be terrible due to overlap. Not just in California but in other states as well. How the heck do you efficiently merge brick and mortors all over the west coast that sit across the street from each other. They would have to close one shop leave one open and move employees.

That is my boggest argument against wamu wells. NCC does sound better to my ears. Maybe even smaller like bank atlantic or sun trust. I wonder if anyone has done analysis on those targets.