Alabama bank's pain is Tar Heel bank's gain.

• Position: BB&T

BB&T Corp. pulled off the biggest acquisition in its 137-year history, gaining assets worth $22 billion. The Federal Deposit Insurance Corp. brokered the deal after Alabama regulators shut down Montgomery-based Colonial BancGroup Inc. Price was not disclosed. FDIC agreed to cover losses from most of Colonial's assets, and Winston-Salem-based BB&T says its liability won't exceed $500 million. On June 30, it was the nation's 19th-largest bank holding company, with $152.4 billion in...