DULUTH, Ga., Feb. 25, 2016 /PRNewswire/ — Asbury Automotive Group, Inc. (“Asbury”) (NYSE: ABG), one of the largest automotive retailers in the U.S., announced that it broke ground on a new Nissan dealership in Cumming, GA, a high-growth Atlanta suburb. This is an important component of an Atlanta market re-alignment, which began last September with […]
CLEMMONS, N.C., Jan. 22, 2016 /PRNewswire/ — Sheffield Financial, a division of Branch Banking and Trust Company, and Polaris Sales Inc., a subsidiary of Polaris Industries Inc. (NYSE: PII), have agreed to a five-year extension of their retail financing contract, effective Jan. 1, 2016. The agreement allows Sheffield to continue providing lending services to Polaris […]
WINSTON-SALEM, N.C., and ALLENTOWN, Pa., Jan. 21, 2016 /PRNewswire/ — BB&T Corporation (NYSE: BBT) and National Penn Bancshares, Inc. (NASDAQ: NPBC) today announced BB&T’s merger with National Penn is expected to close on or about April 1, 2016. The deadline for holders of National Penn common stock and certain National Penn equity awards to elect […]
Will expand BB&T’s footprint in Pennsylvania WINSTON-SALEM, N.C., Dec. 23, 2015 /PRNewswire/ — BB&T Corporation (NYSE: BBT) today announced it has received regulatory approval from the Federal Reserve, the FDIC and all required state banking regulators to acquire National Penn Bancshares, Inc. (NASDAQ: NPBC). The transaction is expected to close in the next few months. […]
Conversion gives Susquehanna clients access to new and expanded products WINSTON-SALEM, N.C., Nov. 9, 2015 /PRNewswire/ — BB&T Corporation (NYSE: BBT) today announced the successful completion of its Susquehanna conversion including core systems, products, and most signage changes. After a weekend of conversion activity, 239 branches in Pennsylvania, Maryland, New Jersey, and West Virginia opened […]
WINSTON-SALEM, N.C., Nov. 4, 2015 /PRNewswire/ — BB&T Corporation (NYSE: BBT) today named two new members to its executive management team. The announcement, which is effective Jan. 1, 2016, is part of a long-term plan to expand its top leadership group. W. Bennett Bradley, president of Payment Solutions, and David H. Weaver, Community Banking group […]
DULUTH, Ga., Sept. 22, 2015 /PRNewswire/ — Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced today that they have broken ground on new state-of-the-art Nissan and Infiniti dealerships in Atlanta. The Nissan and Infiniti stores, featuring two five-story car display towers, will be in […]
Strategically compelling, financially attractive transaction Attractive expansion of Mid-Atlantic footprint Combined #4 ranking in Pennsylvania Complements legacy Susquehanna franchise Strong fit with BB&T’s culture and community banking model EPS accretive and strong IRR WINSTON-SALEM, N.C. and ALLENTOWN, Pa., Aug. 17, 2015 /PRNewswire/ — BB&T Corporation (NYSE: BBT) and National Penn Bancshares, Inc. (NASDAQ: NPBC) announced […]
New team adds dedicated equity research, sales and trading capabilities RICHMOND, Va., Aug. 13, 2015 /PRNewswire/ — BB&T Capital Markets today announced expanded capabilities to better serve the broader needs of the REITs and commercial real estate sectors. Beyond a well-established national corporate banking team dedicated to the space, BB&T has added resources to further […]
CHARLOTTE, N.C., Aug. 6, 2015 /PRNewswire/ — During the first six months of 2015 Grandbridge Real Estate Capital originated and closed 338 loans secured by multifamily and commercial real estate properties throughout the country. Same time comparisons from 2014 show 223 closed. “We finished the second quarter with more than $3.26 billion in closed loan […]