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Article: BB&T Insurance Arm on Fla. Agency-Buying Spree.(Wealth Management)
- Article from:
- American Banker
- Article date:
- November 6, 2009
- Author:
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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... ... pioneered by Zuellig in Australia. Oswald, Trippe and Company, Inc. of Fort Myers, Florida: Founded in 1981, Oswald, Trippe and Company is one of South ... agency with 100 employees, Oswald, Trippe and Company specializes in industries ...
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