Laureate Buys Wilson & Nolan Platform

Published October 07, 2005, 2:00 p.m. EDT

1 Min Read

Laureate Capital LLC, a Charlotte, N.C.-based commercial mortgage banking subsidiary of Branch Banking and Trust Co., has reported the acquisition of the $325 million servicing portfolio and loan origination platform of Atlanta-based Wilson & Nolan Southeast Inc.The terms of the transaction were not disclosed. Laureate said the acquisition will expand its operations in Atlanta and provide a new presence in Jacksonville, Fla. Wilson & Nolan founder Geoff Nolan will join Laureate, but co-founder Berke Wilson will remain with Wilson & Nolan and maintain the firm's management and leasing components, according to Laureate. Laureate's Jacksonville office will be led by Taylor Williams, Wilson & Nolan's senior commercial mortgage producer, while its combined Atlanta operations will be headed by Laureate senior vice president Dennis Edmiston. Laureate's ultimate parent company, BB&T Corp., headquartered in Winston-Salem, N.C., can be found online at http://www.bbandt.com

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