DALLAS, HOUSTON, MIDLAND and ODESSA, TEXAS — BB&T Corp. has completed the acquisition of 41 branches in Texas from Citibank. The branches will officially open as BB&T branches, making BB&T the 14th largest bank in Texas with 121 branches and $5.1 billion in deposits. The acquisition, which was announced in September 2014, includes retail branches in the Dallas, Houston, Midland and Odessa markets, including $2.2 billion in deposits and $81 million in loans based on Feb. 28, 2015, balances. BB&T received regulatory approval for the acquisition from the FDIC and the North Carolina Office of the Commissioner of Banks in February 2015. The $1.2 billion in deposits and $122 million in loans acquired previously are primarily in the fast-growing Austin, Bryan-College Station and San Antonio markets.
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