BB&T is a full-service financial institution offering banking, insurance, investment and more. It is the nation's 10th largest financial-holding company with more than 30,000 employees and more than 1,800 locations in 12 states and Washington, D.C. The financial institution is headquartered in Winston-Salem, N.C. Its bank subsidiaries operate approximately 1,800 financial centers in the Carolinas, Virginia, West Virginia, Kentucky, Georgia, Tennessee, Maryland, Florida, Alabama, Indiana, Texas and Washington, D.C. Market share rankings in deposits. The bank's operating strategy distinguishes it from other financial holding companies. BB&T's banking subsidiaries are organized as a group of community banks, each with a regional president, which allows decisions to be made locally, close to the client. This also makes BB&T's client service more responsive, reliable and empathetic. Since 1995, BB&T has completed the acquisition of more than 35 community banks and thrifts, more than 88 insurance agencies, and 32 non-bank financial services companies.
HQ Address: 200 West Second Street, 27101, Winston-Salem, NC, USA
Postal Address:: P.O. Box 43078 Providence, RI 02940, USA
After the Civil War, Branch established a small mercantile business called Branch and Company. Through his business and community involvement, he came to know Thomas Jefferson Hadley. They joined forces in 1872 to create a banking institution people could believe in, Branch and Hadley. In 1887, Branch bought Hadley’s interest in the bank and changed its name to Branch and Company, Bankers. Prior to 1900, virtually no trust business was conducted in North Carolina by institutions. The new century saw expanding opportunities for BB&T. In 1913, the charter was amended to change the name to Branch Banking and Trust Company. Four new offices were established, an insurance department opened in 1922, and the mortgage loan department began in 1923. With the stock market crash of 1929, banks that had invested heavily in stocks began to fail. From January 1930 to January 1932, 131 state banks in North Carolina failed. In the 1960s, BB&T enjoyed unprecedented growth. It continued to grow through the ’70s and ’80s. It completed the acquisition of Republic Bancshares Inc. of St. Petersburg, Fla., in April 2004. In 2006, It completed the acquisitions of Main Street Banks Inc. of Atlanta, Ga., and First Citizens Bancorp of Cleveland, Tenn. It completed the acquisition of Coastal Financial Corporation of Myrtle Beach, S.C., in 2007. It announced it would purchase the personal and business deposits of Haven Trust Bank of Atlanta in an FDIC-assisted deal in December 2008. In August 2009, the bank acquired the banking operations of Colonial Bank of Montgomery, Ala., in an FDIC-assisted deal. This bank is a mission-driven organization with a clearly defined set of values. They encourage their employees to have a strong sense of purpose, a high level of self-esteem and the capacity to think clearly and logically. They believe that competitive advantage is largely in the minds of their employees as represented by their capacity to turn rational ideas into action towards the accomplishment of the mission.