BB&T Insurance buying Carolina firm

BB&T Insurance said it's boosted its presence on the Carolina coasts by acquiring Woodbury & Co., based in Wilmington and Myrtle Beach.

Woodbury, founded in 1932, has more than 50 employees and offers commercial property insurance, personal insurance and employee benefits. The deal is expected to close in April.

"We could not be more pleased to welcome one of the oldest and most highly regarded agencies in the Southeast to our team," said BB&T Insurance Holdings Chairman and CEO Wade Reece said in a statement.

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