BB&T Accelerates Expansion in Miami

BankAtlantic Bancorp Inc. agreed to sell its wholly owned subsidiary, BankAtlantic in Fort Lauderdale, to BB&T Corp. in Winston-Salem, NC.

In acquiring BankAtlantic, BB&T will acquire approximately $ 2.1 billion in loans and assume approximately $ 3.3 billion in deposits. BB&T will pay approximately a $ 301 million premium plus net asset value of BankAtlantic at close. The estimated $ 301 million deposit premium represents 9.05% of total deposits at…
South Florida Commercial Real Estate News From CoStar Group