WILSON, N.C. -- BB&T Financial Corp. said the stockholders of Citizens Savings Bank voted to approve the reorganization plan and a share exchange under which BB&T would acquire Citizens Savings.

As reported earlier, BB&T would exchange 0.9492 common shares for each of the 1.2 million outstanding shares of Citizens Savings common stock. The exchange ratio is subject to change if BB&T's average closing price is less than $28.97 or greater than $33.19. Citizens Savings Bank, based in Newton, N.C., had assets of $264.2 million on June 30.

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