Laureate Capital Buys R.J. Twitty

Laureate Capital, Charlotte, N.C., a subsidiary of Branch Banking and Trust Company, has acquired R.J. Twitty & Co., a Tampa, Fla.-based mortgage banker.The terms of the transaction were not disclosed. The acquisition adds R.J. Twitty's $275 million loan servicing volume to Laureate's $6.64 billion commercial and multifamily servicing portfolio and also gives the company another loan production office in Florida (in addition to its existing one in Naples). The company's new Tampa office will be led by Steven Marshall from R.J. Twitty & Co, Laureate said. R.J. Twitty's chief executive officer, Robert Twitty, plans to pursue other interests following the sale.