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BB&T Corp (BBT)

BBT on New York Consolidated

44.17USD
27 Mar 2017
Change (% chg)

$-0.24 (-0.54%)
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Latest Key Developments (Source: Significant Developments)

BB&T Corporation to acquire Swett & Crawford
Wednesday, 24 Feb 2016 04:07pm EST 

BB&T Corporation:Reached an agreement to acquire CGSC North America Holdings Corporation (Swett & Crawford) from Cooper Gay Swett & Crawford.Under the terms of the agreement, BB&T will acquire Swett & Crawford for $500 million in cash.Transaction, which exceeds BB&T's acquisition criteria, is expected to add more than $200 million in annual revenue to BB&T Insurance.BB&T expects to record approximately $500 million of goodwill and intangibles as a result of this acquisition.The transaction, which is subject to regulatory approval, is expected to close in the first half of 2016.This transaction excludes Swett & Crawford's non-U.S. business which accounts for less than five percent of its total revenue.Deutsche Bank Securities Inc. served as financial advisor to BB&T. Willkie Farr & Gallagher LLP served as legal counsel to BB&T in this transaction.  Full Article

BB&T Corp declares regular quarterly dividend
Monday, 19 Oct 2015 02:58pm EDT 

BB&T Corp:Declared regular quarterly dividend of $0.27 per common share payable Dec. 1, 2015, to shareholders of record at the close of business Nov. 13, 2015.  Full Article

BB&T Corp closes susquehanna bancshares acquisition
Monday, 3 Aug 2015 06:00am EDT 

BB&T Corp:Announces it has completed its acquisition of Susquehanna Bancshares, Inc. effective Aug. 1.  Full Article

BB&T Corp announces common stock dividend
Tuesday, 21 Jul 2015 02:05pm EDT 

BB&T Corp:Declared the following regular quarterly dividends payable Sept. 1, 2015, to shareholders of record at close of business Aug. 14, 2015.dividend of $0.27 per common share.dividend of $365.625 per share (equivalent to $0.365625 per depositary share or 1/1,000thinterest per share) on BB&T's Series D Non-Cumulative Perpetual Preferred Stock.dividend of $351.5625 per share (equivalent to $0.3515625 per depositary share or 1/1,000thinterest per share) on BB&T's Series E Non-Cumulative Perpetual Preferred Stock.dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000thinterest per share) on BB&T's Series F Non-Cumulative Perpetual Preferred Stock.dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000thinterest per share) on BB&T's Series G Non-Cumulative Perpetual Preferred Stock.  Full Article

BB&T Corp Completes the bank of Kentucky acquisition
Monday, 22 Jun 2015 07:30am EDT 

BB&T Corp:Completed its acquisition of The Bank of Kentucky Financial Corporation.Systems were converted during the weekend and branches in northern Kentucky and Cincinnati opened on June 22 under the BB&T name.  Full Article

BB&T Insurance completes ownership increase in managing general underwriter and divestiture of insurance company
Monday, 1 Jun 2015 05:01pm EDT 

BB&T CORP:Says it has completed its agreement to significantly increase its partnership interest in AMRISC, LP.Says it has completed the sale of American Coastal Insurance Company (AMCOASTAL) to certain members of the AMRISC management team.  Full Article

BB&T Corporation announces 12.5-percent common stock dividend increase
Tuesday, 28 Apr 2015 02:40pm EDT 

BB&T Corporation:Declares a quarterly common stock dividend increase of $0.03 to $0.27 per share.Payable June 1 to shareholders of record at the close of business May 15.  Full Article

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BRIEF-BB&T Corp says issued and sold $1 bln aggregate principal amount of its 2.750 pct medium-term notes, Series E, due April 1, 2022

* BB&T Corp says on March 21, 2017, issued and sold $1 billion aggregate principal amount of its 2.750 pct medium-term notes, Series E, due April 1, 2022