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  • Zacks5 months ago

    BB&T to Cut 241 Jobs in Pennsylvania: Further Slash Likely?

    BB&T will be slashing jobs in Pennsylvania as part of its National Penn integration process. Will there be more job cuts in the near future?

  • Zacks5 months ago

    BB&T to Shut & Consolidate 28 Units Following Two Buyouts

    BB&T (BBT) will be closing and consolidating 28 branches as part of its deal to buy Allentown, PA-based National Penn Bancshares Inc., which was completed in Apr 2016.

  • PR Newswire7 months ago

    BB&T announces election and allocation results relating to the acquisition of National Penn Bancshares

    WINSTON-SALEM, N.C., April 6, 2016 /PRNewswire/ -- BB&T Corporation (BBT) today announced the results of elections made by shareholders of National Penn Bancshares, Inc. (NPBC) as to the form of merger consideration they desired to receive, and related allocation and proration results, in connection with the merger of National Penn with and into BB&T (the merger). The merger was completed pursuant to the agreement and plan of merger (the merger agreement), dated as of Aug. 17, 2015. In accordance with the merger agreement and election materials previously mailed to holders of National Penn common stock, National Penn shareholders were permitted to make an election to receive for their shares of National Penn common stock either $13.00 in cash without interest (the cash consideration) or 0.3206 of a share of BB&T common stock, plus cash in lieu of any fractional BB&T common stock (the stock consideration).