Kelly King said that he would be interested in another purchase like the Colonial buyout. I do not believe that he will buy any bank in the near future other than a bankruptcy even though he did express interest in Texas expansion. Our share price is to low for him to consider such a move in my opinion.
I know of NO significant bank purchases made by BB&T in which BB^T shares have not been used (sometimes stock and cash). We have about $4 billion in cash and $27 billion in debt at this time. Cash purchase would increase debt. Stock purchase would not affect the balance sheet. Again, Kelly King did say that he is looking for something like the Colonial purchase.