BB&T Corp. continued its Georgia buying spree on Wednesday, announcing its fifth proposed acquisition in the state this year with a deal to buy First Banking Co. of Southeast Georgia for $124.2 million in stock.

The deal is scheduled to close in the spring.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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