Federal Reserve Board Announces Approval of Notice by BB&T Corporation

The Federal Reserve Board on Tuesday announced its approval of the notice by BB&T Corporation, Winston-Salem, North Carolina, to acquire all the voting shares of BankAtlantic, Fort Lauderdale, Florida, a federal savings association. The acquisition was evaluated under various Dodd-Frank requirements relating to financial stability, as well as other provisions of banking law.

Cross Reference(s): BHC Act Section 4(c)(8), 4(j); 12 CFR 225.24; 77 FR 1072; Dodd-Frank Act Sections 113, 151, 163, 173, 604, 622, and 623(b); Federal Deposit Insurance Act Section 1813(l); Community Reinvestment Act (CRA), 12 USC 2901.

View release in full here (links externally to PDF).