NU Online News Service, May 7, 10:55 a.m. – BB&T Corp., Winston-Salem, N.C., today announced plans to buy Hunt, DuPree, Rhine & Associates Inc., Greenville, S.C., an employee benefits and investment advisory firm.
BB&T hopes to complete the transaction in June. Terms were not disclosed.
BB&T is regional bank holding company that also owns an insurance brokerage unit and other financial services operations.
BB&T says it will combine the 70-year-old Hunt, DuPree with W.E. Stanley & Co. Inc., a Greensboro, N.C.-based actuarial and employee benefits consulting company that BB&T bought in 1998.
The new firm will be called Stanley, Hunt, DuPree & Rhine Inc.