BB&T Corporation has completed the acquisition of The Bank of Kentucky Financial Corporation, a deal that included 32 retail branches in northern Kentucky and Cincinnati.
BB&T said that systems were converted during the weekend and branches in northern Kentucky and Cincinnati opened on 22 June 2015 under the BB&T name.
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The merger covers the transfer of $1.6bn in deposits, $1.3bn in loans and total assets of $1.9bn from Bank of Kentucky to BB&T.
BB&T chairman and CEO Kelly King said: "We are very excited to complete this strategic transaction. 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."
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