NU Online News Service, Nov. 3, 3:30 p.m. EDT

Raleigh, N.C.-based insurance brokerage BB&T Insurance Services said it has acquired Oswald Trippe and Co. Inc. (OTC) of Fort Myers, Fla., expanding its southwest Florida operation. Financial terms were not released.

BB&T said The Oswald Trippe transaction was completed Monday. It described the acquisition as one of the largest privately owned insurance agencies in southwest Florida with 130 employees.

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