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SunTrust, BB&T could become CRE lending powerhouse in the Southeast

Homebuilder sentiment cools from almost 12-year high U.S. Home builders are feeling more optimistic about the economy and current housing market than at any point since June 2005 – this is according to The National Association of Home Builders’ home builder sentiment released Wednesday. The index surged 6 points since the February to a reading of 71.

SunTrust, BB&T could become CRE lending powerhouse in the Southeast BB&T’s acquisition of SunTrust may make the combined company more of a contender in regional metro-area commercial mortgage lending, according to data provider CrediFi.

BB&T-SunTrust is not on same scale as Citi or JP Morgan: Managing director SunTrust, BB&T could become CRE lending powerhouse in the Southeast Mortgage applications drop for second consecutive week suntrust Banks and BB&T Corp. announced that both companies’ boards of directors have unanimously agreed to merge the two financial services firms in an all-stock merger of equals valued at.

First quarter highlights included strong year-over-year momentum in commercial and industrial loans and noninterest. now consummated and the BB&T and SunTrust deal scheduled to close this fall,

SunTrust, BB&T could become CRE lending powerhouse in the Southeast .

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Instead, these news reports remind me of Jim McLamore, when he was my customer at Southeast First National Bank of Miami, and how I learned from the experience. The men who made Burger King Jim co-founded Burger King with David Edgerton in the 1950s and 15.

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Lending volumes have approached $10 billion in recent years, and the bank’s real estate balance sheet is almost twice that figure. Meanwhile, SunTrust’s upcoming merger with BB&T, based in North Carolina, is poised to position Farrell’s team as part of what should easily become the Southeast’s most powerful native financial institution.

Further information regarding BB&T, SunTrust and factors which could affect the forward-looking statements contained herein can be found in BB&T’s Annual Report on Form 10-K for the fiscal year.