"We are very excited to complete this strategic transaction," said Chairman and Chief Executive Officer Kelly S. King. "With so many cultural similarities and a shared passion for client service, our associates are ready to begin serving our clients and prospects as BB&T in these vibrant markets.
"This acquisition makes us a leading bank in the market with the No. 1 position in northern Kentucky, and No. 7 in the Cincinnati MSA. It also boosts our overall marketplace ranking in Kentucky to No. 2."
The acquisition, which was announced in September 2014, includes 32 retail branches in northern Kentucky and Cincinnati. The merger includes $1.6 billion in deposits, $1.3 billion in loans and total assets of $1.9 billion based on March 31, 2015, balances. BB&T received the required regulatory approvals for the acquisition earlier this year.
