WINSTON-SALEM, N.C. - BB&T Financial Corp. and Southern National
The "new" Southern National is the nation's 36th largest bank holding
The merged entity, to be based in Winston-Salem, N.C., will be listed on
Former BB&T chairman John A. Allison will serve as chairman and chief
Southern National chairman Glenn Orr is retiring, but will remain a
The transaction will be accounted for as a pooling of interests in which
Leaders at financial institutions said borrower demand should pick back up, if slowly, following Tuesday's vote.
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Potential new Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, has suggested a potential workaround to offset the cost of extending the Tax Cuts and Jobs Act.
Few banks are listening to what their customers are saying on Reddit, but the site can help them spot customer complaints and develop content that dispels misinformation.
Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is "no need for restrictive interest rates" and easier monetary policy is necessary to lower housing costs.
Multiple lenders filled leadership roles across the country, including National Bankshares in Virginia, while Peoples Financial in Pennsylvania said its CEO would step down.
