BB&T Corporation (NYSE:BBT) has announced the signing of an agreement to acquire New Jersey-based Crump Group Inc. The deal will allow the company to diversify and increase fee revenue in BB&T Insurance Services, a subsidiary of BB&T.
Under the terms of the deal, BB&T will pay $570 million in cash to buy Crump Group’s life insurance and property and casualty (P&C) insurance units, along with the rights to use the Crump name. The transaction does not include Ascensus, Crump … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards