Two years after deciding it wanted to become a major competitor in the Maryland market, BB&T Corp. has knitted together the eighth-largest banking company in the state through a series of acquisitions.

On Thursday the Winston-Salem, N.C., banking company unveiled the latest of those deals, announcing plans to buy $1.6 billion-asset FCNB Corp. of Frederick, Md., for $226.5 million in an all-stock deal. It is the company's fourth deal since 1998 in Maryland.

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