Capabilities

Acquisition of CPP Holdings, Inc.

BB&T Corporation
2004

Our attorneys represented BB&T Corporation in connection with its acquisition of CPP Holdings, Inc., a premium finance company headquartered in Charlotte, North Carolina. CPP Holdings and its subsidiary, Capitol Premium Plan, Inc., were merged into BB&T's premium finance company subsidiary, Prime Rate Premium Finance Corporation, Inc. Arnold & Porter helped BB&T obtain required regulatory approvals from the states of Florida and North Carolina.

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