Key Developments: BB&T Corp (BBT)
32.73USD
24 May 2013
$-0.14 (-0.43%)
$32.87
$32.66
$32.80
$32.47
683,893
4,231,748
$34.37
$26.86
Latest Key Developments (Source: Significant Developments)
BB&T Corp Declares Second-Quarter Dividend For Series G Non-cumulative Perpetual Preferred Stock
BB&T Corp announced that Board Of Directors declared a regular quarterly dividend of $108.333 per share (equivalent to $0.108333 per depositary share or 1/1,000th interest per share) on BB&T's Series G Non-Cumulative Perpetual Preferred Stock payable June 3, 2013, to shareholders of record as of the close of business May 31, 2013. Full Article
BB&T Corp Declares 23 Cent Second-quarter Dividend
BB&T Corp announced that the Board Of Directors declared a quarterly dividend of $0.23 per common share payable June 3, 2013, to shareholders of record at the close of business May 10, 2013. The dividend is a 15% increase from the same quarter in 2012. Full Article
BB&T Corp Declares First-Quarter Preferred Stock Dividends
BB&T Corp announced that it declared the following quarterly preferred stock dividends: a regular quarterly dividend of $365.625 per share (equivalent to $0.365625 per depositary share or 1/1,000th interest per share) on BB&T's Series D Non-Cumulative Perpetual Preferred Stock, payable May 1, 2013, to shareholders of record as of the close of business April 30, 2013; a regular quarterly dividend of $351.5625 per share (equivalent to $0.3515625 per depositary share or 1/1,000th interest per share) on BB&T's Series E Non-Cumulative Perpetual Preferred Stock, payable May 1, 2013, to shareholders of record as of the close of business April 16, 2013. A regular quarterly dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000th interest per share) on BB&T's Series F Non-Cumulative Perpetual Preferred Stock, payable May 1, 2013, to shareholders of record as of the close of business April 16, 2013. Full Article
BB&T Corp Declares First Quarter Dividend
BB&T Corp announced that it has declared a quarterly dividend of $0.23 per common share payable March 1, 2013, to shareholders of record at the close of business on Feb. 8, 2013. Full Article
BB&T Corp Declares $0.20 Fourth Quarter Dividend
BB&T Corp announced that it has declared a quarterly dividend of $0.20 per common share payable Nov. 1, 2012, to shareholders of record at the close of business Oct. 5, 2012. Full Article
BankAtlantic Bancorp Inc Completes Sale of BankAtlantic to BB&T Corp; Changes Name To BBX Capital Corp
BankAtlantic Bancorp Inc announced that the Company and BB&T Corp have completed their previously announced transaction in which BB&T acquired BankAtlantic, the Company's wholly owned bank subsidiary. The transaction, originally announced on November 1, 2011, closed on July 31, 2012. Concurrent with the closing, BankAtlantic Bancorp has changed its name to BBX Capital Corp and will remain listed on the New York Stock Exchange and continue to trade under the same ticker symbol BBX. Going forward, BBX Capital anticipates its request to the Federal Reserve to deregister the Company as a savings and loan holding company will be approved. BBX Capital plans to manage the assets it has retained as a result of the transaction and engage in a real estate investment and specialty finance business over time as assets are monetized. BBX Capital anticipates recording an estimated gain on the sale of BankAtlantic of approximately $307 million Full Article
BB&T Corp. Receives Final Approval To Acquire BankAtlantic Bancorp's BankAtlantic
BB&T Corp. announced that its application to acquire BankAtlantic, the wholly-owned subsidiary of BankAtlantic Bancorp, was approved by the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation (FDIC). The North Carolina Office of the Commissioner of Banks also has approved the acquisition. BB&T will complete the acquisition of BankAtlantic on July 31, 2012. Full Article
BB&T Corp. Completes Acquisition Of Crump Insurance Businesses
BB&T Corp. announced that it has acquired the life and property and casualty insurance operating divisions of Roseland, N.J.- based Crump Group Inc. The acquisition creates the independent wholesale distributor of life insurance and one of the providers of wholesale commercial insurance brokerage and specialty programs in the U.S. BB&T paid $570 million in cash to complete the transaction, which is expected to be accretive to earnings and to add approximately $300 million in annual revenue to BB&T Insurance. The acquisition did not include Crump's retirement services business (Ascensus). Full Article
BankAtlantic Bancorp, Inc. Modifies Agreement To Sell BankAtlantic To BB&T Corporation
BankAtlantic Bancorp, Inc. announced that it has entered into an amendment to its November 1, 2011 agreement with BB&T Corporation pursuant to which BB&T would acquire BankAtlantic, the Company’s wholly-owned bank subsidiary. Under the terms of the modified agreement, the companies have agreed to the formation of a new LLC, which prior to the closing of the transaction will receive approximately $424 million of loans and $17 million of real estate owned and other assets, net (based on BankAtlantic’s book value gross of any reserves as of January 31, 2012) previously held by BankAtlantic. BB&T will hold a 95% preferred interest in the LLC, and BankAtlantic Bancorp will hold a 5% preferred interest and the remainder interest described below. The assets held by the LLC are expected to be monetized over time. After such time, if any, as BB&T has recovered $285 million in preference amount from the LLC, BB&T’s interest in the LLC will terminate and BankAtlantic Bancorp will be entitled to any and all residual proceeds in excess of such amount. BankAtlantic Bancorp will provide BB&T with an incremental $35 million guarantee to assure BB&T’s recovery within seven years of the $285 million preference amount. Loans representing approximately 60% of the principal amount of the loans to be held by the LLC are currently paying interest. Full Article
BB&T Corp. declares $0.16 Second-quarter Dividend
BB&T Corp. announced that it has declared the 2012 second-quarter dividend of $0.16 per common share. At this quarterly rate, the annual dividend is equivalent to $0.64 per common share. The dividend will be paid May 1, 2012, to shareholders of record as of April 6, 2012. Full Article
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