Article: BB&T Insurance Arm on Fla. Agency-Buying Spree.(Wealth Management)

Byline: Matt Ackermann

Though some banking companies have soured on Florida because of its severe economic problems, BB&T Corp. is expanding its insurance operations in the Sunshine State.

The Winston-Salem, N.C., banking company closed its third Florida agency purchase of the past year this week when BB&T Insurance Services bought Oswald Trippe and Co. Inc. in Fort Myers. And the company does not plan to stop there.

Wade Reece, the president of the Raleigh, N.C., insurance unit, said the purchase of Oswald Trippe supplied "an important missing piece to our equation" in the state "because we didn't have anything in southwest Florida." The ...

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