Lititz Local Business
Local business in Lititz, PA
Wednesday Aug 26 | via Business Journal
North Carolina-based BB&T, one of the nation's 10 largest banks, will become the sixth-largest local deposit taker - nestled behind big bank brethren Wells Fargo, TD Bank, PNC Bank, Citizens Bank and Bank of America, and surpassing Santander Bank. It locks horns with most of those banks in its native Southeast and will probably view them as its chief competitors in this market. Comment?
Friday Aug 21 | via Business Journal
Lynn Ozer , one of the region's most prominent Small Business Administration lenders, was quoted in an Aug. 5 Philadelphia Business Journal articl e as saying the bulk of her 21-person team was being laid off or transferred to other positions in the wake of Susquehanna Bancshares being acquired by BB&T Corp. A few days later, several sources said BB&T officials asked Ozer to leave the company well before her 60-day layoff notice expired on Oct. 2. Ozer could not be immediately reached for comment and BB&T said in a statement that "due to privacy regulations, we cannot comment on current or former employees." Sources said Ozer was asked by BB&T officials to leave immediately. Comment?
Tuesday Aug 18 | via TheStreet.com
BB&T, based in Winston-Salem, N.C., paid 2.2 times tangible book for National Penn and expects the deal, which will consist of 30% cash and 70% stock, to close in mid-2016. The bank will add $9.6 billion in assets to its balance sheet as well as 124 bank branches in Pennsylvania, New Jersey, and Maryland to make BB&T the fourth largest bank by deposit market share in Pennsylvania. Comment?
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