WINSTON-SALEM, N.C. BB&T Corp. has bought Laureate Capital Corp. from Resource Bancshares Mortgage Group Inc. of Columbia, S.C.
The price was not disclosed. The deal will be accounted for as an asset purchase, but Laureate will keep its name and all 85 employees. Laureate, based in Charlotte, N.C., is one of the 25 largest commercial lenders in the United States, with a loan servicing portfolio of $4.3 billion. It specializes in arranging financing, brokerage services, and asset and portfolio management. It also services loans for financial institutions and owners and developers of commercial and multifamily real estate projects.
