Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
BB&T Corporation (NYSE: BBT ) subsidiary Branch Banking and Trust Company completed its acquisition of insurance premium finance company AFCO Credit Corporation and its Canadian affiliate, CAFO Inc., from Mellon Financial Corporation.

The acquisition moves BB&T from the ninth- to second-largest provider of insurance premium financing in the United States and the largest in Canada. Terms were not disclosed....

With $118.5 billion in assets, BB&T Corp. is the nation's 11th largest financial holding company.


http://money.aol.com/news/articles/_a/bbandt-completes-afco-cafo-acquisitions/n20070103075909990015

JB
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement