NU Online News Service, Nov. 11, 11:23 a.m. – BB&T Insurance Services, a unit of BB&T Corp., Winston-Salem, N.C., says it plans to buy Cranman & Company Inc., Savannah, Ga., an insurance agency.
BB&T says it wants to combine Cranman with its existing Savannah agency, the BB&T-Lofton Group, to form BB&T-Lofton & Cranman. The combined agency would sell employee benefits as well as property-casualty insurance.
BB&T hopes to complete the transaction in January 2003. The price and other terms were not disclosed.
BB&T Insurance Services’ Georgia operations also include agencies in Alpharetta, Carrollton, Thomaston, Macon, Dalton and Kennesaw.