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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.

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