BB&T to Lay Off More than 300 in Florida

BB&T (BBT) will lay off as many as 365 employees in connection with its acquisition of BankAtlantic in Fort Lauderdale, Fla., according to a filing with the state government.

The Winston-Salem, N.C., company will make the layoffs from Oct. 1 to Jan. 31, according to a Worker Adjustment and Retraining Notification dated Tuesday. The majority of the jobs are now redundant back-office positions at BankAtlantic's headquarters, the Sun Sentinel reported Wednesday.

The $179 billion-asset BB&T gained about 80 branches and $3 billion of deposits in South Florida when it completed the $316 million purchase of BankAtlantic in July.

For reprint and licensing requests for this article, click here.
Consumer banking Community banking M&A
MORE FROM AMERICAN BANKER