BB&T acquires Austin Citibank branches

BB&T Corp. plans to buy all seven Citigroup Inc. bank branches in Austin as part of a 21-branch statewide deal. The deal also includes all Citibank branches in the San Antonio and the Bryan-College Station areas.
The acquisitions, which are scheduled to close during the second quarter 2014, would expand BB&T’s presence in Texas to 81 financial centers and $2.8 billion of deposits. North Carolina-based BB&T would also expand the number of Texas branches to 81, company officials said Wednesday.

Austin Business News – Local Austin News | Austin Business Journal

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