BB&T Expands Title Insurance Program

NU Online News Service, Aug. 19, 12:30 p.m.EDT?BB&T Insurance Services said it expects tocontinue expanding its title insurance business with theacquisition of Surety Land Title.

The two-year-old Raleigh, N.C.-based title insurance agency hasoffices in Greensboro and Winston-Salem, N.C.

BB&T said after the transaction the agency would continue tooperate under its current name and maintain all 20 of itsemployees. Tom Harris, Surety Land president, is to be namedmanager of BB&T's North Carolina title insurance operations.Larry Johnson, Surety Land vice president, will continue to manageclient business development.

The deal, BB&T noted, would be completed sometime early nextmonth. Terms of the transaction were not disclosed.

BB&T Insurance, a subsidiary of Raleigh, N.C.-based BranchBanking and Trust Co., said it expects to expand it's growing titleinsurance business.

"The title insurance business is naturally booming right alongwith the surge in home buying we've seen over the past few years,"said Wade Reece, president at BB&T Insurance. "That's onereason why we'll continue to look to expand our title business bypartnering with high-quality agencies with outstanding leadershipand expertise like Surety Land Title."