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 …
BB&T Corp. (NYSE: BBT) announced Wednesday morning that it will acquire Susquehanna Bancshares Inc. (NASDAQ: SUSQ) in a $2.5 billion agreement. The deal is a cash-and-stock one in which Susquehanna shareholders will receive …
BB&T Corp. will need just two bank purchases to go from zero presence in Pennsylvania to a No. 4 market share after saying Monday it will spend $1.8 billion in cash and stock to buy National Penn Bancshares Inc. National Penn, based …
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 …
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, …
BB&T, the nation’s ninth-largest bank based on deposits, said on Monday that it would acquire the Bank of Kentucky for $363 million in cash and stock. The Bank of Kentucky, with headquarters in Crestview Hills, Ky., has $1.9 billion in …
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 economic …
For the merger, BB&T agreed to pay National Penn stockholders $1.8 billion, 70 percent of which is BB&T common stock and 30 percent of which is cash. The companies expect the acquisition to be complete in mid-2016. BB&T is a Fortune …
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 …