WINSTON-SALEM, N.C. - BB&T Corp. completed its $333 million acquisition of FCNB Corp. of Frederick, Md., Monday.
BB&T is the nation's 18th-largest financial holding company, with $59.1 billion of assets and 888 banking offices in the Carolinas, Georgia, Virginia, Maryland, West Virginia, Tennessee, Kentucky, and the District of Columbia. FCNB has $1.6 billion of assets and operates 34 banking offices, primarily in Maryland.
FCNB will assume the BB&T name during a systems conversion, which is expected to occur in March.
