BB&T Completes Crump Buy
On Monday, BB&T Corporation (NYSE:BBT) announced the accomplishment of the purchase of Crump Group Inc.’s insurance business. BB&T, in particular, acquired the life and property and casualty insurance operating units of Crump. It, however, excluded Ascensus, the retirement services business of Crump. BB&T shelled out $570 million in cash to complete the purchase. The acquisition [...]
On Monday, BB&T Corporation (NYSE:BBT) announced the accomplishment of the purchase of Crump Group Inc.’s insurance business. BB&T, in particular, acquired the life and property and casualty insurance operating units of Crump. It, however, excluded Ascensus, the retirement services business of Crump.
BB&T shelled out $570 million in cash to complete the purchase. The acquisition is projected to be accretive to the company’s earnings. It is anticipated to enhance BB&T’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards