Eminent Domain: Bank declines to support ED-enabled development

January 25, 2006
BB&T announces eminent domain policy

WINSTON-SALEM, N.C. – BB&T Corporation today said it will not lend to commercial developers that plan to build condominiums, shopping malls and other private projects on land taken from private citizens by government entities using eminent domain.

BB&T news release:
http://www.bbandt.com/about/media/newsreleasedetail.asp?date=1%2F25%2F06+9%3A48%3A52+AM

The New York Libertarian Party state committee voted today (January 28, 2006) to acknowledge BB&T Corporation's policy to not support eminent domain activity.

Please contact the BB&T management to thank them for their principled position:
https://www.bbandt.com/apps/contact/corporate.asp
bonnie on 01.28.06 @ 05:55 PM ET [link] [2 Comments]