Nation's ninth-largest bank to cease eminent domain loans
CHARLOTTE (AP) — Regional bank BB&T Corp. will make no loans to developers who plan to build commercial projects on land taken from private citizens by the government through the power of eminent domain, the company said Wednesday."The idea that a citizen's property can be taken by the government solely for private use is extremely misguided, in fact it's just plain wrong," John Allison, chairman and chief executive of the Winston-Salem-based bank, said in a statement.
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---Katie
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