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BB&T to change out signs at Colonial Bank branches in Florida

Monday may be a banking holiday, but BB&T has its work cut out for it over the holiday weekend.

Signage at all 200 Colonial branches in Florida, including 30 in the Tampa Bay area, will be replaced with BB&T's logo between Saturday and Monday, bank officials confirmed Friday.

BB&T spokeswoman Cynthia Williams said the conversion of Colonial's electronic systems won't happen until sometime in 2010.

Two months ago, BB&T, which is based in Winston-Salem, N.C., brokered a deal with federal regulators to buy the assets of Colonial after the Alabama-based bank was swamped by bad real estate loans and failed.

Through the acquisition, BB&T grew into the fifth-largest bank in Florida with more than 300 branches and a combined $18 billion in deposits statewide. In the bay area, its branch network more than doubled to 63.

Williams said she is unaware of any overlapping Colonial banks in Florida that have been closed to date.

BB&T to change out signs at Colonial Bank branches in Florida 10/09/09 [Last modified: Friday, October 9, 2009 4:46pm]
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