Sunday Business Briefs, 7-8-18

Courier-Tribune (Asheboro, NC)

July 08--BB&T completes acquisition

WINSTON-SALEM -- BB&T Corp. (NYSE: BBT) announced that BB&T Insurance Holdings, Inc. (BB&T Insurance) has completed its acquisition of Regions Insurance Group (Regions Insurance) from Regions Financial Corp. (NYSE: RF). Terms were not disclosed. Regions Insurance is a leading insurance broker serving more than 60,000 clients across the Southeast, Texas and Indiana. It offers property and casualty and employee benefits products to businesses through a retail network of insurance professionals. This acquisition adds incremental balance to BB&T's insurance business between its wholesale and retail insurance channels. With the completion of this acquisition, BB&T Insurance's retail network will contribute almost half of its insurance brokerage revenue.

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Goodwill hosts hiring event

ASHEBORO -- A hiring event will be held on Tuesday, July 10, from 1-4 p.m. at Triad Goodwill's Asheboro Career Center, 1064 E. Dixie Drive, Asheboro. CPP Global is hiring for full-time injection molding and bi-injection molding positions. Three shifts are available, with each job offering nine paid holidays and medical, dental, vision and life insurance. Call 336-610-0400 for more information.

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Millennials favor PFP

NASHVILLE -- Pinnacle Financial Partners is among the top companies in the country for Millennial employees. The firm earned the No. 24 spot on the list of Best Workplaces for Millennials from FORTUNE magazine and Great Place to Work. Both groups named Pinnacle the No. 22 Best Company to Work For in the United States in February. Rankings were determined by input from more than 434,000 employees at companies across the country. They were surveyed on 50 elements of their experiences on the job, including pride in an organization's community impact, belief that their work makes a difference and the feeling that their work has special meaning.

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BOA announces cash dividends

CHARLOTTE -- Bank of America Corp. announced July 5 that its Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of several series of preferred stock. Each series of preferred stock, other than Series F and Series G, is represented by depositary shares. Dividend payments are made on a quarterly basis for each series of preferred stock, other than Series X, Series AA, Series DD and Series FF, for which dividends are paid on a semi-annual basis. For more information, visit www.bankofamerica.com.

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SECU aids March of Dimes

RALEIGH -- State Employees' Credit Union (SECU) recently celebrated another successful year of fund-raising for March of Dimes with staff in the Triangle and surrounding areas raising nearly $50,000 through a variety of efforts, including organized fund-raisers and individual donations. Team SECU also came out in full force for this year's March for Babies walk, setting a new record with 350 Credit Union employees and family members hiking three miles together in honor of those affected by premature birth.

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Does your local business have an announcement, such as an administrative or executive hire, special event, or expansion or renovation? If so, send details to [email protected].

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