Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for Southern National Corp. (Charlotte)
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L. Glenn Orr is chairman, president, and CEO of Southern National Corp., which recently relocated its banking headquarters from Lumberton to Winston-Salem and is in the process of completing its largest acquisition ever.
BB&T and Southern National banks have announced a merger \"of equals\" that was motivated partly by fears of hostile takeovers.
Banks merge either to avoid or to be ready for a takeover by a larger bank. The recent BB&T-Southern National merger has some in the banking business wondering if this is a prelude to a takeover by an out-of-state bank seeking a base in the state.
John Allison is CEO of the newly merged BB&T Financial Corp. and Southern National Corp. The new bank, Southern National, will be the nation's 35th- largest and have the most deposits and branches of any state bank.