(Read more on the debt and equitymarkets.)
BIRMINGHAM, AL-If all goes according to plan, publicly tradedBB&T Corp. will acquire the privately owned Collateral RealEstate Capital LLC, boosting the Winston-Salem, NC-based financialholding company's commercial mortgage banking power. The combinedcompany could generate as much as $8 billion to $10 billionannually in mortgage production.
Pending regulatory approval, the deal will close Nov. 1.BB&T will team Collateral and its existing commercial mortgagebanking firm, Laureate Capital LLC in Charlotte, NC, which willoperate under an as yet, unknown new name.
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