Southeast regional bank BB&T Corp , which on Friday agreed to buy assets of lender Colonial Bank, said it is making an offering of $750 million of its common stock.
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BB&T, shares of which were down 4.6 percent in midday trading, said the proceeds will boost its equity capital and will be used for general corporate purposes.
Last week, the Federal Deposit Insurance Corp said BB&T will buy about $22 billion of Colonial's assets. The FDIC and BB&T agreed to share losses on about $15 billion of those assets. The bank had deposits of about $20 billion as of June 30.
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