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BB&T Corporation Message Board

  • cidlee_bodacious cidlee_bodacious Mar 19, 2012 11:10 AM Flag

    BB&T modifies agreement to acquire BankAtlantic

    I missed this news from last week. I guess they really want to be in South Florida.


    http://finance.yahoo.com/news/bb-t-modifies-agreement-acquire-113000259.html

    PR NewswirePress Release: BB&T Corporation – Tue, Mar 13, 2012 7:30 AM EDT

    WINSTON-SALEM, N.C., March 13, 2012 /PRNewswire/ -- BB&T Corporation (NYSE: BBT - News) announced today an amendment to its Nov. 1, 2011, agreement to acquire BankAtlantic, the primary subsidiary of BankAtlantic Bancorp (NYSE: BBX - News). The strategic acquisition of BankAtlantic would expand BB&T's presence in Southeast Florida, through the purchase of $3.3 billion in core low-cost deposits and boost BB&T's market share to No. 6 in the Miami market.

 
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