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BB&T will spend up to $50 million to invest in or acquire emerging digital-technology companies, the banking company said Tuesday.

These moves will be aimed at lowering BB&T’s operating costs, improving its service to customers and giving it competitive advantages.

BB&T does not have a timetable for the investments and/or acquisitions, a spokesman said.

BB&T said it began to transform its digital business in 2015 by hiring a chief digital officer, W. Bennett Bradley.

Since then, BB&T has delivered new digital tools and platforms for retail and commercial clients, as well as improved security to protect client accounts and financial assets.

Based in Winston-Salem, North Carolina, BB&T came to Lancaster County by acquiring Lititz-based Susquehanna Bancshares in August 2015.