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BB&T acquiring parent of area bank; It will buy FloridaFirst Bancorp of Lakeland, which operates branches in Manatee County.(BUSINESS)
Byline: JOHN HIELSCHER john.hielscher@heraldtribune.com
Continuing its buying spree, BB&T Corp. will acquire FloridaFirst Bancorp of Lakeland for $135 million.
BB&T will pick up $812 million in assets and 18 offices, including three in Manatee County.
The Winston-Salem, N.C.- based bank gained its foothold in Florida less than three weeks ago when it completed its purchase of First South Bank.
"We're committed to building a strong presence in Florida, one of the nation's fastest-growing and most economically attractive states," said John Allison, BB&T's chairman and chief executive, on Thursday.
FloridaFirst will give BB&T its …
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- BB&T to Acquire FloridaFirst Bancorp in $134.8 Million Deal.
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News wire article from: Tampa Tribune (Tampa, FL)
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700+ words
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