Inc.announced today the signing of a definitive agreement under which BB&T will acquire National Penn in a cash and stock transaction for total consideration valued at approximately $1.8 billion. This acquisition will significantly expand …
NEW YORK, May 11 (Reuters) - BB&T Corp (BBT.N), a large U.S. regional bank and vocal critic of the government’s bank bailout plan, said on Monday it would sell $1.5 billion of stock and reduce its dividend by 68 percent so that it can repay …
National Penn had $9.6 billion in assets and $7 billion in deposits as of Sept. 30. BB&T also announced the deadline for National Penn holders of common stock and certain equity awards to elect their preferred payment for consideration will …
BB&T Corporation BBT and SunTrust Banks, Inc. STI, the two major regional banks, have market capitalization of $39.2 billion and $30.7 billion, respectively. Both are part of the same industry, which has a Zacks Industry Rank #60 (top …
A North Carolina banking company has agreed to buy Susquehanna Bancshares for $2.5 billion in cash and stock, it was announced Wednesday. BB&T’s purchase of Susquehanna will give BB&T a major presence in the mid-Atlantic region, …
The BB&T Corporation said yesterday that it would acquire the Mainstreet Financial Corporation in a stock transaction valued at $554.3 million. The transaction will be accounted for as a pooling of interests, with an exchange ratio set at …
Stock market today, July 21, 2014: U.S. stock markets slumped on Monday, as military action continues in the Gaza Strip and geopolitical tensions remain high in Ukraine. The United States and European allies have strengthened …
BB&T, the southeast regional bank that agreed Friday to buy assets from Colonial Bank, said it was making an offering of $750 million of its common stock. BB&T, shares of which were down 4.6 percent in midday trading, said the proceeds …
BBT stock moved higher in the last week and now shows a 5.3 percent gain since the tax bill was signed. Aflac fared nearly as well, up 5 percent, which beats the Dow Jones industrial average gain of 3.6 percent for the same period. …
The cuts, including some announced this week, are taking place despite recent assurances from BB&T (NYSE: BBT) executives to employees. “The message for the last several months has been that ‘we don’t foresee any mass …