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Byline: Richard Craver
Apr. 27--BB&T Corp. said yesterday that it is pursuing a selective, but aggressive, growth strategy in its attempt to fend off major banks within its territory.
John Allison, the chairman and chief executive of BB&T, said that for the rest of the year the bank would focus on opening branches in key markets within its territory, particularly in Atlanta and Florida.
But once BB&T ends its moratorium on buying banks in 2006, Allison said that Florida would be in its crosshairs. BB&T emphasized this point by holding its annual shareholders meeting in St. Petersburg, Fla.
"Florida will be No. 1 on our wish list (for …