bbt

• Late Friday, as expected, BB&T Corporation (NYSE: BBT) announced it has acquired the banking operations of Colonial Bank (NYSE: CNB) of Montgomery, Ala.
  
  BB&T has acquired $22 billion in assets and assumed $20 billion in deposits in the transaction. The FDIC and BB&T have entered into a loss sharing agreement covering substantially all acquired loans and securities.
  
  It moves BB&T to the No. 4 market share in Alabama and No. 5 in Florida, two key markets in the Southeast.
  
  Its No. 4 position in Georgia will not change. BB&T's goal is to be in the top five in deposit market

Here is a recap of the top news items from this week on Wall Street: 1. Equity offerings were all the rage this week as stocks (as measured by the S&P 500) have now rallied nearly 30% from the March lows, prompting companies to "sell high".

The offering hysteria began with financials following last week's TARP results, but soon expanded to other sectors of the market.