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	<title>Stock Blog Hub &#187; Regional &#8211; Mid-Atlantic Banks</title>
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		<title>(BBT) BB&amp;T-BankAtlantic Deal Opposed Again</title>
		<link>http://www.stockbloghub.com/2012/04/26/bbt-bbt-bankatlantic-deal-opposed-again/99491</link>
		<comments>http://www.stockbloghub.com/2012/04/26/bbt-bbt-bankatlantic-deal-opposed-again/99491#comments</comments>
		<pubDate>Thu, 26 Apr 2012 18:07:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[BankAtlantic Bancorp Inc]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BBX]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=99491</guid>
		<description><![CDATA[BB&#38;T Corporation&#8216;s (BBT) deal to acquire BankAtlantic, a wholly owned subsidiary of BankAtlantic Bancorp Inc. (BBX) has been floored again with fresh charges made by J. Phillip Max, the envoy of the shareholders. As reported by Bizjournals, a complaint was filed in the Broward County Circuit Court in Florida against BankAtlantic Bancorp along with its directors, Chairman and CEO. Moreover, the case was also against BB&#38;T as well as BFC Financial Corp. (BFCF), the principal owner of BankAtlantic Bancorp. The Allegations The lawsuit claims that the shares of BankAtlantic have been underpriced in the acquisition deal. Further, it alleges that the executives have been unfairly granted an amount of about $11 million in the form of non-compete and severance awards. Moreover, Alan B. Levan, CEO of BankAtlantic Bancorp, along with ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) BB&amp;T Beats Estimates &#8211; Higher Revenues</title>
		<link>http://www.stockbloghub.com/2012/04/19/bbt-bbt-beats-estimates-higher-revenues/99165</link>
		<comments>http://www.stockbloghub.com/2012/04/19/bbt-bbt-beats-estimates-higher-revenues/99165#comments</comments>
		<pubDate>Thu, 19 Apr 2012 18:26:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[BankAtlantic Bancorp Inc]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BBX]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[The Bank of New York Mellon Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=99165</guid>
		<description><![CDATA[BB&#38;T Corp.’s (BBT) first-quarter 2012 earnings of 61 cents per share beat the Zacks Consensus Estimate by 4 cents. In addition, the reported earnings significantly outpaced the prior-year quarter’s earnings of 32 cents. Better-than-expected quarterly results benefited from higher revenue and lower provision for covered loans. The quarter also witnessed improved credit quality and enhanced capital and profitability ratios. Moreover, accelerating growth in loans and low-cost deposits were also impressive. However, a rise in non-interest expenses was the dampener. Net income available to common shareholders for the quarter was $431 million, jumping 92% from $225 million reported in the prior-year quarter. Quarter in Detail BB&#38;T reported first-quarter revenue of $2.34 billion, up 14.7% year over year. The improvement in revenue was primarily due to higher net interest income and increased ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/19/bbt-bbt-beats-estimates-higher-revenues/99165/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) BB&amp;T Marginally Beats Earnings Estimates</title>
		<link>http://www.stockbloghub.com/2012/01/21/bbt-bbt-marginally-beats-earnings-estimates/90512</link>
		<comments>http://www.stockbloghub.com/2012/01/21/bbt-bbt-marginally-beats-earnings-estimates/90512#comments</comments>
		<pubDate>Sat, 21 Jan 2012 20:33:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[BankAtlantic Bancorp Inc]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BBX]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[The Bank of New York Mellon Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=90512</guid>
		<description><![CDATA[BB&#38;T Corp.’s (BBT) fourth-quarter 2011 earnings of 55 cents per share were marginally ahead of the Zacks Consensus Estimate of 52 cents. This also compares favorably with the prior quarter earnings of 52 cents and the prior-year earnings of 30 cents. For the full year 2011, earnings came in at $1.83 per share, beating the Zacks Consensus Estimate of $1.80. The company reported earnings of $1.16 in the previous year. Better-than-expected quarterly results benefited from higher revenue and lower provision for covered loans. The quarter also witnessed improved credit quality and enhanced capital and profitability ratios. Moreover, accelerating growth in loans and low-cost deposits were also impressive. However, a substantial rise in non-interest expenses was the dampener. Net income available to common shareholders for the quarter was $391 million, up ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) Standard &amp; Poor&#8217;s Revises Regional Bank Ratings</title>
		<link>http://www.stockbloghub.com/2011/12/07/bbt-standard-poors-revises-regional-bank-ratings/88196</link>
		<comments>http://www.stockbloghub.com/2011/12/07/bbt-standard-poors-revises-regional-bank-ratings/88196#comments</comments>
		<pubDate>Wed, 07 Dec 2011 21:57:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[ASBC]]></category>
		<category><![CDATA[Associated Banc-Corp]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[CBSH]]></category>
		<category><![CDATA[CFR]]></category>
		<category><![CDATA[Commerce Bancshares Inc.]]></category>
		<category><![CDATA[Cullen-Frost Bankers Inc]]></category>
		<category><![CDATA[Economic Crises]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[FHN]]></category>
		<category><![CDATA[First Horizon National Corporation]]></category>
		<category><![CDATA[First Niagara Financial Group Inc]]></category>
		<category><![CDATA[FNFG]]></category>
		<category><![CDATA[HBAN]]></category>
		<category><![CDATA[Huntington Bancshares Inc]]></category>
		<category><![CDATA[KEY]]></category>
		<category><![CDATA[KeyCorp]]></category>
		<category><![CDATA[M&T Bank Corporation]]></category>
		<category><![CDATA[MTB]]></category>
		<category><![CDATA[Northern Trust Corporation]]></category>
		<category><![CDATA[NTRS]]></category>
		<category><![CDATA[PBCT]]></category>
		<category><![CDATA[Peoples United Financial Inc]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group Inc]]></category>
		<category><![CDATA[Regions Financial Corporation]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[SNV]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Synovus Financial Corporation]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=88196</guid>
		<description><![CDATA[In yet another round of credit ratings revision, Standard &#38; Poor&#8217;s (S&#38;P) announced changes in credit ratings for 31 regional banks. The list includes 28 publicly traded parent company banks, a non-public entity Bank of North Dakota and a couple of North American units of European banks. Some of the banks whose ratings were lowered by S&#38;P included– BB&#38;T Corporation (BBT), Commerce Bancshares Inc. (CBSH), PNC Financial Services Group (PNC), U.S.Bancorp. (USB) and Northern Trust Corporation (NTRS). Ratings for these banks were downgraded by one notch. However, S&#38;P did not change the ratings of some banks including –First Horizon National Corporation (FHN), First Niagara Financial Group Inc. (FNFG), Huntington Bancshares Inc. (HBAN), KeyCorp (KEY), M&#38;T Bank Corp. (MTB), People&#8217;s United Financial Inc. (PBCT), Regions Financial Corp. (RF), SunTrust Banks Inc. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) BB&amp;T Earnings Report Moves a Penny Ahead of Estimates</title>
		<link>http://www.stockbloghub.com/2011/04/24/bbt-bbt-earnings-report-moves-a-penny-ahead-of-estimates/72246</link>
		<comments>http://www.stockbloghub.com/2011/04/24/bbt-bbt-earnings-report-moves-a-penny-ahead-of-estimates/72246#comments</comments>
		<pubDate>Sun, 24 Apr 2011 19:43:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[The Bank of New York Mellon Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=72246</guid>
		<description><![CDATA[BB&#38;T Corporation’s (BBT) first quarter 2011 earnings came in at 32 cents per share, surpassing the Zacks Consensus Estimate by a penny as well as improving from the prior-year quarter’s earnings of 27 cents. BB&#38;T’s results reflected higher net interest margin and lower non-interest expenses. The quarter witnessed improved credit quality, enhanced capital ratios and lower provision expenses. However, a decline in the top line slightly dampened the results. The GAAP net income available to common shareholders for the first quarter was $225 million, up 19.7% from $188 million reported in the comparable period last year. BB&#38;T reported first quarter revenue of $2.0 billion, down 7.1% from the year-ago quarter, driven by lower interest income and fee revenue. Total revenue also missed the Zacks Consensus Estimate of $2.2 billion. The ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) BBT Corporation&#8217;s Ratings Lowered by Moody&#8217;s</title>
		<link>http://www.stockbloghub.com/2010/12/27/bbt-bbt-corporations-ratings-lowered-by-moodys/63313</link>
		<comments>http://www.stockbloghub.com/2010/12/27/bbt-bbt-corporations-ratings-lowered-by-moodys/63313#comments</comments>
		<pubDate>Tue, 28 Dec 2010 00:01:43 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[MCO]]></category>
		<category><![CDATA[Moody's Corporation]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=63313</guid>
		<description><![CDATA[On Monday, BB&#38;T Corp.’s (BBT) senior debt and long-term deposit ratings were downgraded by Moody&#8217;s Investors Service, the ratings arm of Moody&#8217;s Corp. (MCO), as a result of concerns related to the company’s weaker credit profile. Moody’s cut BB&#38;T’s long-term deposit rating to “A1” from “Aa3” and senior debt rating to “A2” from “A1”. The ratings agency also lowered the company’s banking subsidiary’s unsupported bank financial strength rating to “B-” from “B”. Moody’s lowered the ratings in spite of BB&#38;T’s sustained profitability and consolidating capital ratios over the last three quarters. According to the ratings agency, the company faces a number of challenges – shift from real estate to other assets, more reliance on the wholesale funding and credit costs from commercial real estate portfolio – reflecting weaker credit quality. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) BB&amp;T Analyst Upgrades Shares to Neutral</title>
		<link>http://www.stockbloghub.com/2010/12/02/bbt-bbt-analyst-upgrades-shares-to-neutral/60420</link>
		<comments>http://www.stockbloghub.com/2010/12/02/bbt-bbt-analyst-upgrades-shares-to-neutral/60420#comments</comments>
		<pubDate>Fri, 03 Dec 2010 06:38:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=60420</guid>
		<description><![CDATA[We are upgrading our recommendation on BB&#38;T Corp. (BBT) to Neutral from Underperform based on its balanced growth structure, continuous improvement in deposit mix and strong net interest margin (NIM). BB&#38;T’s third quarter 2010 adjusted earnings came in at 31 cents, a nickel ahead of the Zacks Consensus Estimate. Adjusted earnings for the reported quarter leave out merger-related charges of 1 cent per share. Considering this non-recurring item, earnings per share for the reported quarter were 30 cents compared with 23 cents in the year-ago quarter. The results were primarily supported by improved mortgage banking income, checkcard fees, non-deposit fees and commissions and higher net interest income.However, higher provision for credit losses and increased non-interest expenses were among the negatives. BB&#38;T relies extensively on acquisitions to expand its revenue streams. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) BB&amp;T Quarterly Earnings Beat by a Nickel</title>
		<link>http://www.stockbloghub.com/2010/11/07/bbt-bbt-quarterly-earnings-beat-by-a-nickel/56059</link>
		<comments>http://www.stockbloghub.com/2010/11/07/bbt-bbt-quarterly-earnings-beat-by-a-nickel/56059#comments</comments>
		<pubDate>Sun, 07 Nov 2010 20:09:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=56059</guid>
		<description><![CDATA[BB&#38;T Corporation’s (BBT) third quarter 2010 adjusted earnings came in at 31 cents, a nickel ahead of the Zacks Consensus Estimate of 26 cents. Adjusted earnings for the reported quarter leave out merger-related charges of one cent per share. Considering this non-recurring item, earnings per share for the reported quarter were 30 cents compared with 23 cents in the year-ago quarter. Higher mortgage banking income, checkcard fees, non-deposit fees and commissions and improved net interest income primarily contributed to the better-than-expected results. Substantial increase in securities gains were also among the earnings drivers. However, higher provision for credit losses, lower service charges on deposits and increased non-interest expense were the downside. Quarter in Detail GAAP net income available to common shareholders for the reported quarter was $210 million, up 38% ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WL) Wilmington Trust &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2010/09/30/wl-wilmington-trust-bear-of-the-day-3/53369</link>
		<comments>http://www.stockbloghub.com/2010/09/30/wl-wilmington-trust-bear-of-the-day-3/53369#comments</comments>
		<pubDate>Thu, 30 Sep 2010 14:46:48 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Wilmington Trust Corporation]]></category>
		<category><![CDATA[WL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=53369</guid>
		<description><![CDATA[We have downgrading our long-term recommendation on Wilmington Trust (WL) to Underperform based on deteriorating credit quality and its exposure to risky construction loans. Wilmington&#8217;s second quarter 2010 loss was substantially higher than the Zacks Consensus Estimate. Results were hurt primarily by higher loan loss provisions Incorporatedreased non-interest expense and weakness in the commercial construction portfolio. However, strong growth in Corporate Client Services segment, improvement in core deposits and growing assets under management were among the positives. That said, Wilmington has been severely marred by the ongoing volatility in the economy, which has reduced client activity and increased the credit and other cost of operations. WILMINGTON TRST (WL): Free Stock Analysis Report Zacks Investment Research]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WL) Wilmington Trust &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2010/09/23/wl-wilmington-trust-bear-of-the-day-2/52569</link>
		<comments>http://www.stockbloghub.com/2010/09/23/wl-wilmington-trust-bear-of-the-day-2/52569#comments</comments>
		<pubDate>Thu, 23 Sep 2010 15:10:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Wilmington Trust Corporation]]></category>
		<category><![CDATA[WL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52569</guid>
		<description><![CDATA[We are downgrading our long-term recommendation on Wilmington Trust (WL) to Underperform based on deteriorating credit quality and its exposure to risky construction loans. Wilmington&#8217;s second quarter 2010 loss was substantially higher than the Zacks Consensus Estimate. Results were hurt primarily by higher loan loss provisions Incorporatedreased non-interest expense and weakness in the commercial construction portfolio. However, strong growth in Corporate Client Services segment, improvement in core deposits and growing assets under management were among the positives. But Wilmington has been severely marred by the ongoing volatility in the economy, which has reduced client activity and increased the credit and other cost of operations. WILMINGTON TRST (WL): Free Stock Analysis Report Zacks Investment Research]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) BB&amp;T to Reclassify Non-performing Loans</title>
		<link>http://www.stockbloghub.com/2010/09/15/bbt-bbt-to-reclassify-non-performing-loans/51686</link>
		<comments>http://www.stockbloghub.com/2010/09/15/bbt-bbt-to-reclassify-non-performing-loans/51686#comments</comments>
		<pubDate>Thu, 16 Sep 2010 04:58:47 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[Fifth Third Bancorp]]></category>
		<category><![CDATA[FITB]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group Inc]]></category>
		<category><![CDATA[Regions Financial Corporation]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[SNV]]></category>
		<category><![CDATA[Synovus Financial Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=51686</guid>
		<description><![CDATA[On Tuesday, while speaking at Barclays Global Financial Services Conference, BB&#38;T Corp.’s (BBT) chief executive officer (CEO) Mr. Kelly King stated that the company will reclassify more than $1 billion non-performing assets (NPAs) into loans held-for-sale in the third quarter 2010. Moreover, the company will try to sell these assets to investors over the next 2-3 quarters. Earlier this year, BB&#38;T had tried to sell problem loans in large blocks but did not receive expected bid values. Currently, the company has decided to sell these loans in small portions to a wider pool of investors. Until second quarter 2010, BB&#38;T refrained from large bad loan sales and write-downs, which many other U.S. banks such as Citigroup Inc. (C) had done profitably since the beginning of financial crisis in 2007-2008. However, ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) BB&amp;T Corporation &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2010/09/14/bbt-bbt-corporation-bear-of-the-day-2/51399</link>
		<comments>http://www.stockbloghub.com/2010/09/14/bbt-bbt-corporation-bear-of-the-day-2/51399#comments</comments>
		<pubDate>Tue, 14 Sep 2010 13:19:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=51399</guid>
		<description><![CDATA[We are downgrading our recommendation on BB&#38;T (BBT) to Underperform based on concerns related to rising non-interest expenses and deteriorating credit quality. Higher non-interest expense was among the negatives in BB&#38;T&#8217;s second quarter earnings report. Current challenges related to the housing market and pressure on the credit quality raise concerns on near-term growth. BB&#38;T has significant exposure in residential mortgage loans, direct retail residential loans, sales finance and revolving credit loans. We are concerned about an increase in the provision for credit losses from these loans in the near- to mid-term. Zacks Investment Research]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/14/bbt-bbt-corporation-bear-of-the-day-2/51399/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(BBT) BB&amp;T Corporation &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2010/09/03/bbt-bbt-corporation-bear-of-the-day/50197</link>
		<comments>http://www.stockbloghub.com/2010/09/03/bbt-bbt-corporation-bear-of-the-day/50197#comments</comments>
		<pubDate>Fri, 03 Sep 2010 15:30:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=50197</guid>
		<description><![CDATA[We are downgrading our recommendation on BB&#38;T (BBT) to Underperform based on concerns related to rising non-interest expenses and deteriorating credit quality. Second quarter 2010 earnings were in line with the Zacks Consensus Estimate. A higher non-interest expense was among the negatives. Current challenges related to housing market and pressure on the credit quality raise concerns on near-term growth. Our six-month target price of $21.00 per share equates to about 17.9x our earnings estimate for 2010. Combined with the annual dividend of $0.60 per share, this price target implies an expected negative total return of 7.5% over that period. Zacks Investment Research]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/03/bbt-bbt-corporation-bear-of-the-day/50197/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(BOFL) U.S. Bank Failures Hit 78 in 2010 So Far</title>
		<link>http://www.stockbloghub.com/2010/06/03/bofl-u-s-bank-failures-hit-78-in-2010-so-far/38957</link>
		<comments>http://www.stockbloghub.com/2010/06/03/bofl-u-s-bank-failures-hit-78-in-2010-so-far/38957#comments</comments>
		<pubDate>Thu, 03 Jun 2010 13:20:51 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Bank of Florida Corporation]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BOFL]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Fifth Third Bancorp]]></category>
		<category><![CDATA[FITB]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group Inc]]></category>
		<category><![CDATA[Regions Financial Corporation]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=38957</guid>
		<description><![CDATA[The ongoing economic volatility has taken its toll on another set of banks last week. On Friday, five more were shuttered by U.S. regulators. Out of the five failed banks, three were based in Florida and one each in Nevada and California. This brings the total number of bank failures to 78 so far in 2010, compared to 140 in 2009, 25 in 2008 and 3 in 2007. Although the economy is showing signs of a gradual recovery with large financial institutions stabilizing, tumbling home prices, soaring loan defaults and a high unemployment rate continue to impact small banks. While we expect the economic recovery to gain momentum soon, there remain lingering concerns in the banking industry. Failure of both residential and commercial real estate loans as a result of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/06/03/bofl-u-s-bank-failures-hit-78-in-2010-so-far/38957/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(WL) Wilmington Trust Corporation Analysts Upgrade to Neutral</title>
		<link>http://www.stockbloghub.com/2010/03/04/wl-wilmington-trust-corporation-analysts-upgrade-to-neutral/29689</link>
		<comments>http://www.stockbloghub.com/2010/03/04/wl-wilmington-trust-corporation-analysts-upgrade-to-neutral/29689#comments</comments>
		<pubDate>Thu, 04 Mar 2010 17:04:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Wilmington Trust Corporation]]></category>
		<category><![CDATA[WL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29689</guid>
		<description><![CDATA[Given the current market recovery factor and valued growth indicators, we are upgrading our recommendation on the shares of Wilmington Trust Corporation (WL) to Neutral from Underperform. Although the current economic turmoil has weakened both the revenue growth and the operating leverage of Wilmington, we believe that once the economy stabilizes, it will have a substantial positive effect on the earning potential of the company. Wilmington reported a fourth quarter loss, versus the Zacks Consensus Estimate of earnings. Results reflected a strong growth in Corporate Client Services segment, improvement in core deposits and growing assets under management (AUM) and assets under administration (AUA). However, these were offset by an increase in non-performing loans and a decline in investment portfolio. Despite challenging conditions, Wilmington maintains a reputable capital position. At the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/04/wl-wilmington-trust-corporation-analysts-upgrade-to-neutral/29689/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WL) Wilmington Trust Corporation Begins Stock Offering</title>
		<link>http://www.stockbloghub.com/2010/02/24/wl-wilmington-trust-corporation-begins-stock-offering/28920</link>
		<comments>http://www.stockbloghub.com/2010/02/24/wl-wilmington-trust-corporation-begins-stock-offering/28920#comments</comments>
		<pubDate>Wed, 24 Feb 2010 18:13:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Portfolio Recovery Associates Inc]]></category>
		<category><![CDATA[PRAA]]></category>
		<category><![CDATA[Wilmington Trust Corporation]]></category>
		<category><![CDATA[WL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=28920</guid>
		<description><![CDATA[In order to increase capital and enhance its liquidity, on Feb 22, 2010, Wilmington Trust Corp. (WL) announced the beginning of the public offering of its 18,875,000 shares that have been underwritten on its common stock. At $13.25 per share, the gross total stock offering is valued at about $250 million. For this, Wilmington has appointed J.P. Morgan Securities Inc., a wing of JPMorgan &#38; Chase Co. (JPM) and Keefe, Bruyette &#38; Woods Inc. as the book-running managers. Additionally, Wilmington has also granted a 30-day option to its underwriters for the purchase of an additional 15% of shares offered to cover any over-allotments. The net proceeds from the stock offering will be eligible for both tangible common equity and regulatory Tier 1 capital and will be used for general business ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/24/wl-wilmington-trust-corporation-begins-stock-offering/28920/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(SASR) Small Bank Stocks Are Hot</title>
		<link>http://www.stockbloghub.com/2010/02/09/sasr-small-bank-stocks-are-hot/27473</link>
		<comments>http://www.stockbloghub.com/2010/02/09/sasr-small-bank-stocks-are-hot/27473#comments</comments>
		<pubDate>Tue, 09 Feb 2010 21:10:43 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Sandy Spring Bancorp Inc]]></category>
		<category><![CDATA[SASR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=27473</guid>
		<description><![CDATA[As always I start my quest for the next great stock by taking the new high list on Barchart and sorting for frequency. I then take the top 10 and look for something interesting. Yesterday when all the major banks were getting hit on the chin the smaller and regional banks seemed to be doing better. Sandy Spring seems to be that small bank I&#8217;m looking for. SANDY SPRING ( SASR ) is a bank holding company for Sandy Spring National Bank of Maryland. The bank is community oriented, and conducts a full-service commercial banking business through community offices located in Montgomery, Howard, Prince George&#8217;s and Anne Arundel counties in Maryland. Looks like they are in a very strategic geographic region. The analysts are beginning to take note and Janney ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/09/sasr-small-bank-stocks-are-hot/27473/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(UCBI) United Community Banks Misses Earnings</title>
		<link>http://www.stockbloghub.com/2010/02/01/ucbi-united-community-banks-misses-earnings/26625</link>
		<comments>http://www.stockbloghub.com/2010/02/01/ucbi-united-community-banks-misses-earnings/26625#comments</comments>
		<pubDate>Mon, 01 Feb 2010 23:12:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[UCBI]]></category>
		<category><![CDATA[United Community Banks Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=26625</guid>
		<description><![CDATA[United Community Banks Inc. (UCBI) reported fourth quarter results on Friday. The company posted a net operating loss of $39.8 million, or 45 cents per share, compared to net operating loss of $46.7 million, or 99 cents per share in the year-ago quarter. The result came in worse than the Zacks Consensus Estimate for a loss of 43 cents. The company said total loans at quarter-end fell to $5.2 billion from $5.7 billion in the year-ago period. The decline was caused by continued sluggishness in residential construction market. United Community’s residential construction loan book, which was 20% of total loans during the quarter, decreased 29% to $1.1 billion. In terms of loan markets, approximately 36.6% of total loans originated in North Georgia, while about 27.9% came from Atlanta. Fully taxable ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/01/ucbi-united-community-banks-misses-earnings/26625/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(WL) Wilmington Trust Corporation Underperforms Expectations</title>
		<link>http://www.stockbloghub.com/2010/02/01/wl-wilmington-trust-corporation-underperforms-expectations/26572</link>
		<comments>http://www.stockbloghub.com/2010/02/01/wl-wilmington-trust-corporation-underperforms-expectations/26572#comments</comments>
		<pubDate>Mon, 01 Feb 2010 18:08:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Wilmington Trust Corporation]]></category>
		<category><![CDATA[WL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=26572</guid>
		<description><![CDATA[Wilmington Trust Corporation (WL) reported a fourth quarter loss available to common shareholders of $15.7 million or 23 cents per share compared to a loss of $69.4 million or $1.02 per share in the year-ago quarter. The results lagged behind the Zacks Consensus Estimate of a gain of 4 cents. Wilmington results reflected increases in advisory revenue, driven largely by growth in the corporate client services business. However, this was substantially offset by higher loan loss provisions that reduced net interest income and reflected higher levels of non-performing loans and charge-offs, and risk rating downgrades, primarily in the commercial construction portfolio. Moreover, securities’ losses due to other-than-temporary impairments of pooled trust-preferred securities along with preferred stock dividends and discount accretion also added to the sliding results. Net interest and non-interest ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/01/wl-wilmington-trust-corporation-underperforms-expectations/26572/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(BBT) BB&amp;T Corporation Beats Earnings Estimates</title>
		<link>http://www.stockbloghub.com/2010/01/23/bbt-bbt-corporation-beats-earnings-estimates/25767</link>
		<comments>http://www.stockbloghub.com/2010/01/23/bbt-bbt-corporation-beats-earnings-estimates/25767#comments</comments>
		<pubDate>Sat, 23 Jan 2010 21:26:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=25767</guid>
		<description><![CDATA[BB&#38;T Corporation (BBT) reported fourth quarter operating earnings per share of 27 cents, substantially ahead of the Zacks Consensus Estimate of 20 cents and the reported figure of 23 cents in the prior quarter. However, earnings decreased from 51 cents in the year-ago quarter. During the quarter, BB&#38;T’s results were driven by strong mortgage banking operations, record insurance income, solid growth in net interest income along with an increase in average client deposits that reflected a continued improvement in deposit mix and the impact of the Colonial acquisition. However, significant weakness was experienced in non-performing assets, higher loan losses and additional loan loss reserves. GAAP net income in the quarter was $185 million, down 35% from $284 million in the prior-year quarter but up 21.7% from $152 million in the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/23/bbt-bbt-corporation-beats-earnings-estimates/25767/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(UCBI) United Community Bank&#8217;s Loss Widens</title>
		<link>http://www.stockbloghub.com/2009/10/27/ucbi-united-community-banks-loss-widens/18909</link>
		<comments>http://www.stockbloghub.com/2009/10/27/ucbi-united-community-banks-loss-widens/18909#comments</comments>
		<pubDate>Wed, 28 Oct 2009 04:01:20 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[UCBI]]></category>
		<category><![CDATA[United Community Banks Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18909</guid>
		<description><![CDATA[United Community Banks Inc. (UCBI) reported third-quarter results on Friday. The company posted its fifth-straight quarterly net operating loss of $43.7 million, or 93 cents per share, compared to net operating loss of $39.9 million, or 84 cents per share in the year-ago quarter. The result also missed the Zacks Consensus Estimate for a 91-cents loss. The company said total loans at quarter-end fell to $5.4 billion from $5.8 billion in the year-ago period. The decline was primarily driven by management’s efforts to reduce exposure to the residential construction market. The company’s residential construction loan book, which was 22% of total loans during the quarter, shrunk 25.8% to $1.2 billion. In terms of loan markets, approximately 36.2% of total loans originated in North Georgia, while about 28.5% came in from ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/27/ucbi-united-community-banks-loss-widens/18909/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(BBT) BB&amp;T Corporation Reports in Line &#8211; Down Significantly Year-Over-Year</title>
		<link>http://www.stockbloghub.com/2009/10/19/bbt-bbt-corporation-reports-in-line-down-significantly-year-over-year/18108</link>
		<comments>http://www.stockbloghub.com/2009/10/19/bbt-bbt-corporation-reports-in-line-down-significantly-year-over-year/18108#comments</comments>
		<pubDate>Mon, 19 Oct 2009 16:24:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18108</guid>
		<description><![CDATA[BB&#38;T Corporation’s (BBT) third quarter earnings of 23 cents per share were in line with the Zacks Consensus Estimate. However, this compares unfavorably with earnings of 65 cents in the year-ago quarter. The year-over-year decrease in earnings was due primarily to a 94.8% increase in provision for credit losses and other costs related to the credit environment. However, strong growth in revenue, net interest margin and non-interest-bearing deposits were impressive during the quarter. The quarter was also characterized by strong capital levels Incorporatedreased production in mortgage banking operations and strong growth in commercial loans as well as low-cost client deposits. The results were also positively impacted by the Colonial acquisition. On Aug. 14, BB&#38;T assumed all of the deposits and certain assets of Colonial Bank (Colonial) after it was seized ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/19/bbt-bbt-corporation-reports-in-line-down-significantly-year-over-year/18108/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(WL) Wilmington Trust &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2009/10/06/wl-wilmington-trust-bear-of-the-day/16686</link>
		<comments>http://www.stockbloghub.com/2009/10/06/wl-wilmington-trust-bear-of-the-day/16686#comments</comments>
		<pubDate>Tue, 06 Oct 2009 18:54:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Wilmington Trust Corporation]]></category>
		<category><![CDATA[WL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=16686</guid>
		<description><![CDATA[Wilmington Trust&#8217;s (WL) second-quarter earnings came in ahead of the Zacks Consensus Estimate, aided by strong growth in client services business and improvement in net interest margin. However, credit quality deteriorated drastically during the reported quarter. In 2009, both S&#38;P and Moody&#8217;s lowered their outlooks on the company to negative and downgraded the ratings based on concerns related to its real estate lending concentration. Though loan growth has been impressive relative to many of its peers in the past, the pace of growth has started to moderate in the last few quarters. We expect the pace to slow down further in the near to medium-term, based on the ongoing weakness in the economy. Thus, we are maintaining our Underperform recommendation. Zacks Investment Research View original at: Zacks.com News Feed]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/06/wl-wilmington-trust-bear-of-the-day/16686/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) Federally Insured Bank Failures Continue</title>
		<link>http://www.stockbloghub.com/2009/08/31/bbt-federally-insured-bank-failures-continue/13914</link>
		<comments>http://www.stockbloghub.com/2009/08/31/bbt-federally-insured-bank-failures-continue/13914#comments</comments>
		<pubDate>Mon, 31 Aug 2009 16:05:26 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Banco Bilbao Vizcaya Argentari]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BBV]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group I]]></category>
		<category><![CDATA[Regions Financial Corp.]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13914</guid>
		<description><![CDATA[Three more U.S. banks failed; tally reaches 84 this year Bank failures continue unabated as U.S. regulators on Friday closed down three more banks in California, Maryland and Minnesota. This takes the total number of failed federally insured banks this year to 84, compared to 25 in 2008 and 3 in 2007. The failed banks were Ventura, California-based Affinity Bank, with about $1 billion in assets and $922 million in deposits; Baltimore-based Bradford Bank, with $452 million in assets and $383 million in deposits; and Forest Lake, Minnesota-based Mainstreet Bank, with $459 million in assets and $434 million in deposits. Failure of these banks represents another sizable impact on the Federal Deposit Insurance Corporation’s (FDIC) fund for protecting customer accounts, as it has been appointed receiver for these banks. The ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/31/bbt-federally-insured-bank-failures-continue/13914/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(BBT) Colonial BancGroup Officially Files Bankruptcy</title>
		<link>http://www.stockbloghub.com/2009/08/26/bbt-colonial-bancgroup-officially-files-bankruptcy/13493</link>
		<comments>http://www.stockbloghub.com/2009/08/26/bbt-colonial-bancgroup-officially-files-bankruptcy/13493#comments</comments>
		<pubDate>Wed, 26 Aug 2009 20:57:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[Freddie Mac]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13493</guid>
		<description><![CDATA[Less than two weeks after Federal Deposit Insurance Corporation (FDIC) seized Colonial BancGroup’s (CBCG) banking operations, the holding company filed for Chapter 11 bankruptcy protection yesterday. Most of Colonial’s banking assets were sold to BB&#38;T Corp. (BBT). The shutdown of Colonial BancGroup’s banking operations is the biggest bank failure so far this year, and the sixth-largest in U.S. history. The estimated cost of Colonial BancGroup’s failure to the deposit insurance fund would be $2.8 billion. The FDIC and BB&#38;T have signed an agreement to share losses on about $15 billion of Colonial BancGroup’s loans and other assets. BB&#38;T expects losses in the loan portfolio acquired from Colonial BancGroup’s banking operations of $5 billion will not have a negative impact on its earnings because of its loss-sharing agreement with the FDIC. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/26/bbt-colonial-bancgroup-officially-files-bankruptcy/13493/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(BBT) BB&amp;T Sells $750 million Shares following aquisition of Colonial BancGroup</title>
		<link>http://www.stockbloghub.com/2009/08/19/bbt-bbt-sells-750-million-shares-following-aquisition-of-colonial-bancgroup/12661</link>
		<comments>http://www.stockbloghub.com/2009/08/19/bbt-bbt-sells-750-million-shares-following-aquisition-of-colonial-bancgroup/12661#comments</comments>
		<pubDate>Wed, 19 Aug 2009 22:57:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12661</guid>
		<description><![CDATA[BB&#38;T Corp. (BBT) commenced a $750 million common stock offering for sale to the general public. Underwriters have a 30-day option to purchase up to an additional 15% of common stock from the company to cover over-allotments, if any. Proceeds from the sale will qualify as tangible common equity and Tier 1 regulatory capital. BB&#38;T intends to use the proceeds for general corporate purposes. The offering follows BB&#38;T’s acquisition of Colonial BancGroup Inc. BB&#38;T acquired $22 billion in assets and assumed $20 billion in deposits in the transaction. The Federal Deposit Insurance Corporation (FDIC) and BB&#38;T also signed a loss-sharing contract covering substantially all acquired loans and securities of Colonial. The Colonial deal is the biggest acquisition in BB&#38;T’s history, creating the nation&#8217;s eighth-largest financial holding company by deposits. BB&#38;T ]]></description>
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		</item>
		<item>
		<title>(BBT) Colonial Will Not Hurt BB&amp;T</title>
		<link>http://www.stockbloghub.com/2009/08/19/colonial-will-not-hurt-bbt/12719</link>
		<comments>http://www.stockbloghub.com/2009/08/19/colonial-will-not-hurt-bbt/12719#comments</comments>
		<pubDate>Wed, 19 Aug 2009 21:51:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12719</guid>
		<description><![CDATA[Yesterday, BB&#38;T Corp. (BBT) said expected losses in the loan portfolio acquired from Colonial BancGroup (CBCG) of $5 billion will not have a negative impact on its earnings because of its loss-sharing agreement with the Federal Deposit Insurance Corporation (FDIC). Last Friday, BB&#38;T took control of Colonial after it was seized by regulators. As a result, BB&#38;T is exposed to losses connected with its purchase of Colonial assets for $21.8 billion. The estimated cost of Colonial’s failure to the deposit insurance fund would be $2.8 billion. The FDIC and BB&#38;T have signed an agreement to share losses on about $15 billion of Colonial&#8217;s loans and other assets. The Colonial deal is the biggest acquisition in BB&#38;T’s history, creating the nation&#8217;s eighth-largest financial holding company by deposits. BB&#38;T is a dominant ]]></description>
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