BB&T Corporation has announced that its principal subsidiary, Branch Banking and Trust Company, is negotiating the acquisition of Collateral Real Estate Capital LLC (CREC) and expects to complete the transaction by the end of 2007. The combined company will have a commercial real estate servicing portfolio of more than $20 billion.
Based in Winston-Salem, N.C., BB&T Corporation is a provider of commercial and retail banking and other financial services. For more information, call (800) 226-5228 or visit www.bbt.com.
Collateral Real Estate Capital LLC is a commercial real estate finance company based in Birmingham, Ala. For more information, call (205) 978-1840 or visit www.collateral.com.