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BB&T is eyeing other deals and planning to open more branches in Florida after buying BankAtlantic this week, regional executive Michael Oster says.
August 2
BB&T (BBT) will lay off as many as 365 employees in connection with its acquisition of BankAtlantic in Fort Lauderdale, Fla., according to a filing with the state government.
The Winston-Salem, N.C., company will make the layoffs from Oct. 1 to Jan. 31, according to a Worker Adjustment and Retraining Notification dated Tuesday. The majority of the jobs are now redundant back-office positions at BankAtlantic's headquarters, the Sun Sentinel
The $179 billion-asset BB&T gained about 80 branches and $3 billion of deposits in South Florida when it