What we've seen is a lot of pent-up demand.
After all, why should consumers pay for free-standing real-estate offices and branch banks when you can combine both service offerings under the same roof?
It's coming off a really outstanding year in 2005, and it has reached the size when it's really difficult to sustain double-digit performance growth.
2005 was the best year for commercial construction since 2001, (but) we've still got that stock of buildings where we have a surplus.
Wachovia faces a difficult dilemma in seeking growth in 2006. It's coming off a really outstanding year in 2005, and it has reached the size when it's really difficult to sustain double-digit performance growth.
There will be a real shortage of line supervisors and on-site supervisors. That's were the crisis will be most acute.
That doesn't resonate with people who write 10 checks a month.
What BB&T is doing is putting its commercial-lending muscle and its shareholders' money behind its corporate philosophy of supporting private ownership of property.
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