- BB&T(BBT +0.1%) is set to acquire 21 Citibank branches in Texas, including all of Citibank's retail branches in Austin and San Antonio.
- After the deal, BBT will have 81 financial centers in the state with $2.8B in deposits and $2.1B in loans.
- BBT is paying a 4.25% premium (~$36M) to book for the core deposits. (PR)
BB&T acquires Texas Citibank branches
Dec 18 2013, 11:10 ET