BB&T Insurance unit acquires insurance agency
Sunday, August 24, 2008RALEIGH, N.C. – BB&T Insurance Services July 30 said it plans to expand its coastal South Carolina operation with the acquisition of the Grand Strand’s Puckett, Scheetz & Hogan insurance agency.
PS&H provides a range of risk management services for businesses and families from its Myrtle Beach headquarters and a branch office in nearby Pawleys Island.
The merger would give BB&T the largest insurance market share in greater Myrtle Beach, a little more than a year after gaining the top banking market share in the same area.
The transaction is expected to be completed in early August. Terms were not disclosed.
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