BB&T Won't Loan On Eminent Domain Land

WRAL N.C. Bank To Refuse Development Loans Involving Eminent Domain POSTED: 5:06 pm EST January 25, 2006 WINSTON-SALEM, N.C. -- One of the nation's top banks plans to reject loans to developers who are involved in deals where land is seized through eminent domain. Officials from Winston-Salem-based BB&T made the announcement on Wednesday. The chief credit officer said the bank was obligated to take a stance on the issue. Eminent domain allows governments to take citizen's property for private use. The bank said it only expects to lose a fraction of a percent of business with the new policy. Way to go BB&T. I support you completly in this and I'm glad that you support the people of NC.