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Business Combinations
3 Months Ended
Sep. 30, 2014
Business Combinations  
Business combinations

NOTE 2. Business Combinations

 

During the second quarter of 2014, BB&T purchased 21 bank branches in Texas from Citigroup, Inc., resulting in the acquisition of $1.2 billion in deposits, $112 million in loans and $1.1 billion in cash and other assets. Goodwill of $29 million and CDI of $20 million were recognized in connection with the transaction.