OCC Approves BB&T-BankAtlantic Deal
The Office of the Comptroller of the Currency (OCC) has approved BB&T Corporation’s (NYSE:BBT) plan to acquire BankAtlantic, a wholly owned subsidiary of BankAtlantic Bancorp Inc. (NYSE:BBX). OCC has given consent based upon the fact that no further changes will take place in the deal terms. BB&T-BankAtlantic deal is expected to close by the end [...]
The Office of the Comptroller of the Currency (OCC) has approved BB&T Corporation’s (NYSE:BBT) plan to acquire BankAtlantic, a wholly owned subsidiary of BankAtlantic Bancorp Inc. (NYSE:BBX). OCC has given consent based upon the fact that no further changes will take place in the deal terms.
BB&T-BankAtlantic deal is expected to close by the end of the second quarter of 2012. Prior to the closure, BankAtlantic must receive approval from the Federal Reserve. Similarly, BB&T should also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards