WILSON, N.C. -- Citing regulatory uncertainties, BB&T Financial Corp. announced the termination of separate merger agreements with Asheville Savings Bank and Home Savings Bank of Albermarle, N.C.

The Asheville announcement came two weeks after the savings bank withdrew its application to the Federal Deposit Insurance Corp., citing proposed changes in FDIC thrift-merger regulations. "Officials from both banks determined the merger could not be concluded in a timely manner," the institutions said Monday.

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