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BB&T To Buy Bankatlantic’s Retail-Lending Unit In Florida

Tuesday, November 1, 2011 - 7:16 PMBankAtlantic
From Bloomberg
BB&T Corp., the ninth-largest U.S. bank by deposits, agreed to buy BankAtlantic Bancorp Inc.’s retail-lending unit, adding about $2.1 billion in loans and $3.3 billion in deposits.


The acquisition will help BB&T expand its retail business in Florida by adding 78 branches and boosting its share of the Miami market

It's another example of one of the top-10 banks growing yet again. Here are some stats on BB&T from its website:
BB&T Corporation, headquartered in Winston-Salem, N.C., is among the nation's top financial-holding companies with $168 billion in assets. Its bank subsidiaries operate approximately 1,800 financial centers [in 12 states and Washington, D.C.]

Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
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