BB&T To Shut 21 Branches, Lay Off 365

Posted by Orb Staff on August 28, 2012 No Comments
Categories : Residential Mortgage

12280_closed BB&T To Shut 21 Branches, Lay Off 365 Winston-Salem, N.C.-based BB&T Corp. is planning to close 21 branches and lay off 365 employees as an after-effect of its acquisition of Fort Lauderdale, Fla.-based BankAtlantic.

The Fort Lauderdale Sun-Sentinel reports that the shutdowns will impact 21 branches based in overlapping markets, with 12 from BankAtlantic and nine from BB&T being closed. BB&T plans to lay off off 365 BankAtlantic employees by Feb. 1; the company says the lay offs will mostly focus back-office staff not involved in customer contact. However, BB&T will keep 650 BankAtlantic employees.

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