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	<title>Stock Blog Hub &#187; FCNCA</title>
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		<title>(USB) U.S. Bancorp to Acquire a Part of BB&amp;T</title>
		<link>http://www.stockbloghub.com/2009/10/15/usb-u-s-bancorp-to-acquire-a-part-of-bbt/17773</link>
		<comments>http://www.stockbloghub.com/2009/10/15/usb-u-s-bancorp-to-acquire-a-part-of-bbt/17773#comments</comments>
		<pubDate>Thu, 15 Oct 2009 21:22:45 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Midwest Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[FCNCA]]></category>
		<category><![CDATA[First Citizens Bancshares Inc]]></category>
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		<description><![CDATA[U.S. Bancorp (USB) has signed a deal with BB&#38;T Corp. (BBT) to acquire the latter’s banking operations in Nevada . As per the agreement, U.S. Bank National Association, U.S. Bancorp’s lead bank, will purchase about $800 million in deposits and certain branches of BB&#38;T’s Nevada banking operations. The deal is subject to regulatory approval and is expected to close in early 2010. The acquisition involves deposits of those branches that BB&#38;T had recently acquired from the Federal Deposit Insurance Corporation (FDIC) as receiver for Colonial Bank. The purchase will fortify U.S. Bancorp’s business in Nevada . The company expects this acquisition to meet or exceed the company’s internal rate of return and earnings per share accretion targets. Last week, US Bancorp has announced that its lead bank, U.S. Bank, has ]]></description>
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		<title>($USB) US Bancorp on Acquisition Spree</title>
		<link>http://www.stockbloghub.com/2009/10/09/usb-us-bancorp-on-acquisition-spree/17271</link>
		<comments>http://www.stockbloghub.com/2009/10/09/usb-us-bancorp-on-acquisition-spree/17271#comments</comments>
		<pubDate>Fri, 09 Oct 2009 16:42:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Midwest Banks]]></category>
		<category><![CDATA[FCNCA]]></category>
		<category><![CDATA[First Citizens Bancshares Inc]]></category>
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		<description><![CDATA[As part of its strategic acquisitions, US Bancorp (USB) has announced on Wednesday that its lead bank, U.S. Bank, has agreed to buy the bond trustee business of First Citizens Bank, a subsidiary of First Citizens BancShares Inc. (FCNCA). Post acquisition, U.S. Bank’s corporate trust division will have $2.4 trillion in assets under administration, 725,000 bondholders and over 114,000 client issuances. The purchase will aid in growing its corporate banking and fixed income business in the southeast market. Also it complements the bank’s existing bond trustee business in North Carolina, South Carolina and Virginia. Currently, U.S. Bank has 46 corporate trust offices across the country and offers a complete line of trust services. Earlier this week, US Bancorp also announced its acquisition of the mutual fund administration and accounting servicing ]]></description>
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