BB&T Corp. has completed its largest acquisition ever with its purchase of Pennsylvania-based Susquehanna Bank.
The $2.5 billion cash-and-stock deal for Susquehanna Bancshares Inc. is BB&T's first major push into the Northeast.
Winston-Salem based BB&T says the merger will provide long-term benefits for its shareholders.
The deal brings the total number of BB&T financial centers to more than 21-hundred, a number that's been boosted this year by the bank's purchase of Citibank branches in Texas, as well as its purchase of Bank of Kentucky.
BB&T, which stands for Branch Banking and Trust Co., has said it plans to cut $160 million from Susquehanna's annual operating expenses and eliminate jobs, but the number of job cuts has not been specified.
The bank says during the transition, Susquehanna customers will see changes in signage, products and some services.
BB&T expects the conversion process to be completed during the fourth quarter.
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