May 1, 2015, 9:07 AM
- BB&T Corp. (NYSE:BBT) and Susquehanna Bancshares (NASDAQ:SUSQ) agree to sell two Susquehanna branches in Berkeley, West Virginia to MVB Bank (OTCQB:MVBF). The two have about $69M in deposits and $17M of loans.
- The two branches are being sold under BB&T's agreement with the DOJ and the Fed in order to get a green light for its Susquehanna acquisition.
MVB Financial Corp. ("MVB Financial"; OTCQB: MVBF) was formed on January 1, 2004 as a bank holding company and, effective December 19, 2012, elected to become a financial holding company. MVB Financial features multiple subsidiaries and affiliated businesses, including MVB Bank, Inc. ("MVB" or... More
Industry: Money Center Banks
Country: United States
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