BB&T Is New Deal-Making Powerhouse in Banking


America’s new bank merger and acquisition powerhouse is leaving its rivals for dead. The regional lender BB&T’s $1.8 billion swoop for National Penn Bancshares is its fourth deal in a year.

The acquisition makes financial sense and is more proof the Federal Reserve supports industry mergers. Yet few peers are following the lead of BB&T, which is based in North Carolina.

A hiatus in industry deal-making was understandable in the years after the financial crisis. The Fed took a lot more time approving deals and started demanding improvements to risk-management and anti-money-laundering systems. That’s why M&T Bank’s 2012 purchase of Hudson City Bancorp has yet to win approval…

BB&T Is New Deal-Making Powerhouse in Banking

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