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Published on Monday, November 17, 2014

BB&T Corp. Agrees to Buy Susquehanna Bancshares

In a cash and stock deal valued at $2.5 billion, BB&T Corp. of Winston-Salem, North Carolina agreed to buy Susquehanna Bancshares of Lancaster, Pennsylvania with closing projected for the 3rd quarter of 2015.  BB&T has $187 billion in assets and 1,842 banking centers in 12 southeastern states and Washington DC.  Susquehanna has $18.6 billion in assets and 245 banking centers in Pennsylvania, Maryland, New Jersey and West Virginia.  The buyout would be one of the banking sector’s largest since the financial crisis and regulatory [Fed] approval is not a certainty.

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Author: Smillie, Monica

Categories: National Banking

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