WILSON, N.C. - BB&T Financial Corp. said its plans to acquire Key Risk Management Services Inc. of Greensboro, N.C., had been mutually terminated.

As reported in March, BB&T Financial had agreed to acquire Key Risk for an unspecified number of newly issued common shares.

Key Risk provides insurance claims-processing services.

BB&T is a bank holding company and the parent of Branch Banking and Trust Company, North Carolina's oldest bank, and BB&T of South Carolina.

Henry G. Williamson Jr., president of BB&T, and Bobby G. Biggerstaff, chief executive officer of Key Risk, gave no reason for the decision but said it was "amicable."

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