-
The North Carolina company had made it clear it would pursue more acquisitions after closing its purchase of the $19 billion-asset Susquehanna Bancshares earlier this year.
August 17 -
The North Carolina regional bank is placing a big bet that targeting Pennsylvania's high earners will offset the state's reputation for having slower-than-average growth.
August 18 -
BB&T in Winston-Salem, N.C., will close five National Penn Bancshares branches in Pennsylvania after it completes its acquisition of the Allentown, Pa., company.
September 28
BB&T Corp. in Winston-Salem, N.C., has received approval from the Federal Reserve Board to buy National Penn Bancshares in Allentown, Pa.
The Fed's approval, issued Thursday, came roughly four months after BB&T agreed to pay about $1.8 billion for the $9.6 billion-asset National Penn. The companies expect the deal to close by mid-2016.
The acquisition would boost BB&T's
National Penn shareholders approved the sale on Dec. 16.
BB&T also recently purchased the $1.9 billion-asset Bank of Kentucky Financial and the $19 billion-asset Susquehanna Bancshares in Lititz, Pa., as well as dozens of former Citigroup branches in Texas.
