Edition: Global Global Select Region
Email: Passwd: or sign up free
One News Page
One News Page > Business > BB&T buys Citibank branches in Texas
Open news article

BB&T buys Citibank branches in Texas

Wednesday, 18 December 2013

BB&T, which just a few years ago was a stranger to Texas, is set to become one of the top-20 banks in the Lone Star State with the purchase of 21 branches from Citibank. Those are all of Citibank's branches in the Austin, Bryan-College Station and San Antonio markets, the bank said in an announcement. The deal adds $1.2 billion in deposits and $134 million in loans. It paid a premium of 4.25 percent of the core deposits it acquired, which works out to about $36 million. BB&T (NYSE: BBT) entered…
Share on FacebookShare on Twitter Comment

You Might Like

Other recent news in Business

Comic-Con Restricts Usage of Google GlassGOOGLE Glass Banned At Comic-Con: San Diego Convention Sets Strict Rules For The Futuristic Headset
'The Walking Dead' SEASON 5 Trailer, Premiere Date Released At Comic-Con; Watch Video HereRussia bans dairy imports from UKRAINE
Ukraine Crisis: RUSSIA Reportedly Amassing 15K Troops On Border, Supplying Rebels With Tanks, Armored VehiclesBAIDU Shoots Up Google Play Download Rankings With Apps That Boost Android Performance
Lyft starting service in NEW YORK CityInvestors Think EL POLLO LOCO Could Be The Next Chipotle
FAST FOOD workers prepare to escalate wage demandsDid ELON MUSK Compare The Electric Car Business To A Sinking Ship? (TSLA)



Load Comments

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2014 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
One News Page - Top Headlines RSS Feed RSS  |  News for my Website  |  Free news search widget  |  Advertise  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |  One News Page on Facebook LIKE us on Facebook  One News Page on Twitter FOLLOW us on Twitter  One News Page on Google+ FIND us on Google+