BB&T Corp. announced Tuesday it has received regulatory approval to buy Pennsylvania-based lender Susquehanna Bancshares. BB&T has received regulatory approval to complete its purchase of Susquehanna Bancshares for c. $2.5bn, expanding its footprint in the mid-Atlantic region. This follows BB&T being granted permission to acquire the Bank of Kentucky last month. The deal is expected to close by early next year, subject to shareholder and regulators’ approval.
BB&T has received regulatory approval to complete its purchase of Susquehanna Bancshares for c. $2.5bn, expanding its footprint in the mid-Atlantic region. This follows BB&T being granted permission to acquire the Bank of Kentucky last month. The deal is expected to close by early next year, subject to shareholder and regulators’ approval.