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BB&T Plans To Acquire BankAtlantic For $301 Million

published November 02, 2011

By Author - LawCrossing
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( 1 vote, average: 2 out of 5)
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11/02/11

BB&T Plans To Acquire BankAtlantic For $301 Million
North Carolina bank BB&T has plans of purchasing the consumer banking unit of Fort Lauderdale, Florida–based BankAtlantic for about $301 million. Squire, Sanders & Dempsey will be the advisor to Winston-Salem–based BB&T. Corporate partner David Zagore is leading the firm's team in Cleveland, and chair James Baressi for global financial services in Cincinnati. BankAtlantic is being represented in the matter by Miami firm Stearns Weaver Miller Weissler Alhadeff & Sitterson . After the acquisition BB&T's presence will be expanded in Florida where it will add 78 bank branches.

published November 02, 2011

By Author - LawCrossing
( 1 vote, average: 2 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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