WINSTON-SALEM, N.C. -- BB&T Corporation (NYSE: BBT) announced today that it has reached an agreement to acquire the life and property and casualty insurance operating divisions of Roseland, N.J.,- based Crump Group Inc. Crump is the largest independent wholesale distributor of life insurance and one of the largest providers of wholesale commercial insurance brokerage and specialty programs in the U.S.
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By Richard Rabicoff
Legal expenses from an SEC investigation of its A.R. Schmeidler & Co., Inc. (ARS) subsidiary contributed to Hudson Valley Holding Corp.'s (NYSE: HVB) disappointing fourth-quarter performance. In its SEC filing, Hudson Valley indicates that the quarter's non-interest expense of $19 million reflected the SEC's probe of ARS's investment advisory and brokerage practices. Hudson Valley expects the investigation and concomitant legal expenses to and...
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