WINSTON-SALEM , N.C. - BB&T Corp. has acquired BankFirst Corp., a Knoxville, Tenn., banking company with less than $1 billion of assets.

A $216.2 million transaction completed late Wednesday sealed one of five bank acquisition deals unveiled by the aggressive Southern banking company this year.

With assets just shy of $60 billion, BB&T is the 18th-largest banking company in the United States.

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