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Byline: Kevin Dietrich
May 16--Community bankers say it doesn't matter whether First Union or SunTrust eventually lands Wachovia; they'll still come out winners.
"The perception will be there's somebody new in the market, with new rules and new fees, and that means opportunity for us," said Wayne Pearson, president of Southcoast Community Bank in Mount Pleasant.
"People are creatures of habit, and when there's a merger, change happens, which is something they don't like," he added.
Monday, SunTrust made an unsolicited $13.6 billion bid for Wachovia, a deal worth substantially more than what First Union offered last month.