Rochester, NY 8/19/2009 9:41:14 PM
BB & T Corp., BBT - Completed Community First Banking Company Acquisition
BB & T Corp.
BB&T Corp. recently announced the completion of its acquisition of Community First Banking Company to form the new BB&T Corp. The $122.08 million transaction was accounted for as a purchase. The deal is valued at $34.21 per Community First share.
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BB&T Corporation operates as the holding company for Branch Banking and Trust Company that provides banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals in the United States. It accepts various deposit products, including noninterest-bearing checking accounts, interest-bearing checking accounts, savings accounts, money rate savings accounts, investor deposit accounts, certificates of deposit, and individual retirement accounts
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