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BB&T to buy Susquehanna to expand in mid-Atlantic region
BB&T to buy Susquehanna to expand in mid-Atlantic region

Bank holding company BB&T Corp. will expand its presence in Maryland and the Mid-Atlantic with a $2.5 billion deal to buy Susquehanna Bancshares Inc. announced Wednesday. The takeover would make BB&T the fifth-largest bank in Maryland, while extending the Winston-Salem, N.C.-based bank's presence in Pennsylvania and New Jersey. Susquehanna, based in Lititz, Pa., is Maryland's ninth-largest bank and Pennsylvania's seventh-largest ranked by deposits, and has a smaller presence in New Jersey and West Virginia. While a few overlapping branches in Maryland may close, most job losses likely would come from "backroom" positions, said BB&T President Ricky K....

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