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	<title>Stock Blog Hub &#187; Global Consumer Acquisition Corp</title>
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		<title>(GHC) Global Consumer Acquisition Corp Eyes BB&amp;T Corp&#8217;s Branches</title>
		<link>http://www.stockbloghub.com/2009/08/21/ghc-global-consumer-acquisition-corp-eyes-bbt-corps-branches/13055</link>
		<comments>http://www.stockbloghub.com/2009/08/21/ghc-global-consumer-acquisition-corp-eyes-bbt-corps-branches/13055#comments</comments>
		<pubDate>Fri, 21 Aug 2009 19:04:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Investments]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[GHC]]></category>
		<category><![CDATA[Global Consumer Acquisition Corp]]></category>

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		<description><![CDATA[Global Consumer Acquisition Corp. (GHC) announced yesterday that it intends to buy some or all of BB&#38;T Corp.’s (BBT) 21 branches in Nevada. Those branches were acquired by BB&#38;T as part of its takeover of Colonial BancGroup last Friday. Global is in discussion with BB&#38;T about its intention. In July, Global reached an agreement with Colonial to buy the 21 branches, which have about $492 million in deposits and $440 million in loans. However, the deal had been invalidated by the takeover of Colonial by BB&#38;T. 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. Previously, BB&#38;T had only three branches in Alabama. After the takeover, BB&#38;T gained an additional 90 Colonial branches across the state and 204 branches in ]]></description>
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