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BB&T completes AFCO, CAFO acquisitions.

Publication: PR Newswire
Publication Date: 03-JAN-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
WINSTON-SALEM, N.C., Jan. 3 /PRNewswire-FirstCall/ -- BB&T Corporation subsidiary Branch Banking and Trust Company completed its acquisition of insurance premium finance company AFCO Credit Corporation and its Canadian affiliate, CAFO Inc., from Mellon Financial Corporation.

The acquisition moves BB&T from the ninth- to second-largest provider of insurance premium financing in the...

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