BB&T Corp. said Wednesday that it would buy First Liberty Financial Corp. of Macon, Ga., for $500 million in stock.

The deal underscores the North Carolina banking company's growth ambitions in Georgia. In January, BB&T announced a $126 million deal for First Citizens Corp. of Newnan.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.