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Business Combinations
12 Months Ended
Dec. 31, 2014
Business Combinations  
Business Combinations

NOTE 2. Business Combinations

 

During 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.

 

During 2012, BB&T completed the acquisition of Fort Lauderdale, Florida-based BankAtlantic. BB&T acquired approximately $1.7 billion in loans and assumed approximately $3.5 billion in deposits.

 

BB&T has reached agreements to acquire Susquehanna Bancshares, Inc., The Bank of Kentucky Financial Corporation and additional retail branches in Texas.