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BB&T will dismiss most of a 21-person small business lending group who had been employed by Susquehanna Bancshares.
August 6 -
BB&T in Winston-Salem, N.C., plans to close 25 branches as part of its integration of National Penn Bancshares in Allentown, Pa.
August 19 -
BB&T in Winston-Salem, N.C., has provided five top executives with nearly 3 million reasons to successfully integrate Susquehanna Bancshares in Lititz, Pa.
July 1 -
Kelly King, who is close to closing BB&T s biggest acquisition to date, told analysts that he could look to add up to $20 billion in assets next year through acquisitions. Management also used a conference call to emphasize the ongoing importance of organic growth.
July 16
BB&T will close a loan-processing center in Hagerstown, Md., which it obtained from its acquisition of Susquehanna Bancshares.
The $210 billion-asset BB&T expects to close the center in the fourth quarter, said David White, a company spokesman. BB&T plans to cut about 120 of the 140 employees who work there now. BB&T did not provide an estimate of cost savings from the closure.
The center's employees work in both administrative and support roles. BB&T aims to place affected employees into similar positions and will offer packages for those who work through the end of their 60-day notice period.
BB&T will also open a career center in Hagerstown on Oct. 1, which will offer outplacement services like job search services, interview skills development and resume writing.
BB&T has aggressively cut costs in its two recent deals for Pennsylvania banks.
Earlier this month, BB&T said it would cut 89 jobs at Susquehanna's former headquarters in Lititz, Pa.,
Also last month, BB&T said it will
