BB&T Corp. said Monday that it has a deal to buy Kay & Co., a Lumberton, N.C.-based independent insurance agency.

BB&T has bought eight agencies since January, said a spokesman for the $40.8 billion-asset banking company in Winston-Salem, N.C. Terms of the most recent deal, which is expected to close next month, were not disclosed.

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.