US Market News
2月前
Beacon Financial appoints Gary Levante Chief Marketing OfficerApril 23, 2026 4:05 PM
PR Newswire (US)
BOSTON, April 23, 2026 /PRNewswire/ -- Beacon Financial Corporation (NYSE: BBT) (the "Company"), the holding company for Beacon Bank, today announced the appointment of Gary Levante as Chief Marketing Officer.
As a member of the Executive Management Committee, Levante reports to President and CEO Paul Perrault and leads all aspects of the brand strategy, marketing, communications and public affairs for the Company.In this role, he is responsible for advancing the Company's strategic goals by establishing Beacon's new brand, deepening client engagement and delivering integrated marketing and communications programs. He will work closely with other members of the leadership team and board to strengthen the brand and deepen Beacon's connection to its employees, clients and broader communities. Most recently, Levante served as Chief Communication & Sustainability Officer of Berkshire Bank which he joined in 2010."Gary's extensive subject matter expertise, ability to drive business growth, navigate complex topics, build high-performing teams, and deep understanding of our business, clients and communities make him the ideal choice for this critical executive role," said Beacon Bank President and CEO Paul Perrault."I'm honored to lead the creation and rollout of the new Beacon Bank brand at this pivotal moment in our company's journey," Levante said. "We have a differentiated value proposition built on a foundation of strength and trust nearly 200 years in the making. I look forward to partnering with the management committee, board, and all my Beacon colleagues to establish the brand, strengthen client experience, support disciplined growth across our business and enhance long-term value for our clients and stockholders."A native of Pittsfield, Massachusetts, Levante is committed to giving back to his communities, including as chairperson for the national nonprofit America's Charities, a member of the Massachusetts Bankers Association State Legislative & Regulatory Affairs Committee; trustee with the bank's foundation; board member of Berkshire Omega and vice chair of the City of Pittsfield Community Development Board. About Beacon Financial Corporation
Beacon Financial Corporation (NYSE: BBT) is the holding company for Beacon Bank & Trust, commonly known as Beacon Bank, a full-service regional bank serving the Northeast. Headquartered in Boston, the Company has $23.2 billion in assets and more than 145 branches throughout New England and New York. Beacon Bank offers a full suite of tailored banking solutions including commercial, cash management, asset-based lending, retail, consumer and residential products and services. The Company also provides equipment financing through its Eastern Funding subsidiary, SBA lending through its 44 Business Capital division and private wealth services through Clarendon Private. Learn more at BeaconFinancialCorporation.com.Media Contact:
Alison Skratt
Director of Communications
413.769.6007Investor Relations:
Carl M. Carlson
Chief Financial and Strategy Officer
617.425.5331
View original content to download multimedia:https://www.prnewswire.com/news-releases/beacon-financial-appoints-gary-levante-chief-marketing-officer-302752236.htmlSOURCE Beacon Financial Corporation
Original: Beacon Financial appoints Gary Levante Chief Marketing Officer
US Market News
2月前
Beacon Financial Corporation Announces First Quarter 2026 Earnings Release Date and Conference CallApril 8, 2026 8:30 AM
PR Newswire (US)
BOSTON, April 8, 2026 /PRNewswire/ -- Beacon Financial Corporation (NYSE: BBT) announced today that it will report first quarter 2026 earnings at the close of business on Wednesday, April 29, 2026. Management will host a conference call to review this information at 1:30 PM Eastern Time on Thursday, April 30, 2026.
To listen to the call via the webinar, please visit: https://events.q4inc.com/attendee/947331842.To listen to the call, interested parties may dial (800) 715-9871 (United States) or (646) 307-1963 (internationally) and ask for the Beacon Financial Corporation conference call (Conference ID: 6567963).A recorded playback of the call will be available for one week following the call at (800) 770-2030 (United States & Canada) or (609) 800-9909 (internationally). The passcode for this playback is 6567963. The call will be available live or in a recorded version on the Company's website at beaconfinancialcorporation.com.ABOUT BEACON FINANCIAL CORPORATION Beacon Financial Corporation (NYSE: BBT) is the holding company for Beacon Bank & Trust, commonly known as Beacon Bank, a full-service regional bank serving the Northeast. Headquartered in Boston, the Company has $23.2 billion in assets and more than 145 branches throughout New England and New York. Beacon Bank offers a full suite of tailored banking solutions including commercial, cash management, asset-based lending, retail, consumer and residential products and services. The Company also provides equipment financing through its Eastern Funding subsidiary, SBA lending through its 44 Business Capital division, and private wealth services through Clarendon Private.Beacon Financial Corporation
Carl M. Carlson
617-425-5331
Chief Financial and Strategy Officer
View original content to download multimedia:https://www.prnewswire.com/news-releases/beacon-financial-corporation-announces-first-quarter-2026-earnings-release-date-and-conference-call-302736270.htmlSOURCE Beacon Financial Corporation
Original: Beacon Financial Corporation Announces First Quarter 2026 Earnings Release Date and Conference Call
US Market News
4月前
Beacon Financial Corporation Announces 2026 Virtual Annual Meeting InformationJanuary 30, 2026 8:30 AM
PR Newswire (US)
BOSTON, Jan. 30, 2026 /PRNewswire/ -- Beacon Financial Corporation (NYSE: BBT) (the "Company"), the bank holding company for Beacon Bank, today announced that its 2026 Annual Meeting (the "Annual Meeting") will be held virtually on Wednesday, May 13, 2026, at 11:00 a.m. Eastern Standard Time. Stockholders of record of the Company's Common Stock as of the close of business on March 20, 2026, are entitled to vote at the Annual Meeting. Additional information regarding the Annual Meeting, including how to attend, will be provided in the Company's proxy statement.
About Beacon Financial Corporation
Beacon Financial Corporation (NYSE: BBT) is the holding company for Beacon Bank & Trust, commonly known as Beacon Bank, a full-service regional bank serving the Northeast that was created on September 1, 2025, through the merger of equals between Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. Headquartered in Boston, the Company has $23.2 billion in assets and more than 145 branches throughout New England and New York. Beacon Bank offers a full suite of tailored banking solutions including commercial, cash management, asset-based lending, retail, consumer and residential products and services. The Bank operates through its banking divisions – Berkshire Bank, Brookline Bank, BankRI and PCSB Bank. The Company also provides equipment financing through its Eastern Funding subsidiary, SBA lending through its 44 Business Capital division and private wealth services through Clarendon Private.Investor Relations Contact:
Carl M. Carlson
Chief Financial & Strategy Officer
617-425-5311
carl.carlson@brkl.comMedia Contact:
Gary Levante
Chief Marketing Officer
413-447-1737
glevante@berkshirebank.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/beacon-financial-corporation-announces-2026-virtual-annual-meeting-information-302674620.htmlSOURCE Beacon Financial Corporation
Original: Beacon Financial Corporation Announces 2026 Virtual Annual Meeting Information
stocktrademan
12年前
$BBT DD Notes ~ http://www.ddnotesmaker.com/BBT
bullish
inverted head and shoulders
$BBT recent news/filings
## source: finance.yahoo.com
Wed, 10 Dec 2014 22:15:00 GMT ~ Equity markets fell…and fell hard (no recovery like yesterday)
read full: http://finance.yahoo.com/tumblr/blog-equity-markets-fell-and-fell-hard-no-recovery-221552914.html
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Wed, 10 Dec 2014 13:36:00 GMT ~ BB&T CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
read full: http://biz.yahoo.com/e/141210/bbt8-k.html
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Mon, 08 Dec 2014 22:05:10 GMT ~ BB&T CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
read full: http://biz.yahoo.com/e/141208/bbt8-k.html
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Thu, 04 Dec 2014 13:10:40 GMT ~ BB&T expands mobile offering with new app for commercial and corporate clients
[at noodls] - WINSTON-SALEM, N.C. , Dec. 4, 2014 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) today announced the launch of the CashManager OnLine® app for Apple and Android devices, which gives commercial and corporate ...
read full: http://www.noodls.com/view/7AF0242F5EB995EFD9501A54DB75701F2AEA4AD5
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Thu, 04 Dec 2014 13:00:00 GMT ~ BB&T expands mobile offering with new app for commercial and corporate clients
[PR Newswire] - WINSTON-SALEM, N.C., Dec. 4, 2014 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) today announced the launch of the CashManager OnLine ® app for Apple and Android devices, which gives commercial and corporate ...
read full: http://finance.yahoo.com/news/bb-t-expands-mobile-offering-130000057.html
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$BBT charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$BBT company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/BBT/company-info
Ticker: $BBT
OTC Market Place: Not Available
CIK code: 0000092230
Company name: BB&T Corp.
Incorporated In: NC, USA
Business Description:
$BBT share structure
## source: otcmarkets.com
Market Value: $26,975,174,893 a/o Dec 12, 2014
Shares Outstanding: 720,298,395 a/o Sep 30, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 5
$BBT extra dd links
Company name: BB&T Corp.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/BBT/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/BBT/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=BBT+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=BBT+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=BBT+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/BBT/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/BBT/news - http://finance.yahoo.com/q/h?s=BBT+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/BBT/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/BBT/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/BBT/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/BBT/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/BBT/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/BBT/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/BBT/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/BBT/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=BBT+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/BBT
DTCC (dtcc.com): http://search2.dtcc.com/?q=BB%26T+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=BB%26T+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=BB%26T+Corp.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/BBT/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/BBT
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/BBT/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/BBT/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/BBT/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000092230&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/BBT/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/BBT/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/BBT/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/BBT/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=BBT&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=BBT
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/BBT/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=BBT+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=BBT+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=BBT
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=BBT
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=BBT+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/BBT/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=BBT+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/BBT.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=BBT
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/BBT/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/BBT/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/BBT/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/BBT/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/BBT
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/BBT
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/BBT:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=BBT
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=BBT
$BBT DD Notes ~ http://www.ddnotesmaker.com/BBT
Enterprising Investor
12年前
BB&T acquires another 41 branches in Texas from Citibank (9/03/14)
North Carolina-based BB&T Bank is continuing to expand its footprint in Texas with the acquisition of 41 more branches from Citibank.
For Citibank, the deal represents the end of its retail branch network in Texas, although the giant financial institution operates other lines of businesses in the state.
The latest deal between the two banks, announced Wednesday, includes retail branches in the Dallas, Houston, Midland and Odessa markets. In total, the acquisition adds $2.3 billion in deposits and $87 million in loans to BB&T.
Of the 41 newly acquired branches, 24 are in the Dallas region. That will bring BB&T’s number of branches in D-FW to 58.
When the deal closes, BB&T will be one of the 15 largest banks in Texas by deposit share, with $5.3 billion in deposits. Its retail network statewide will include 123 branches.
Texas has been an important growth market for BB&T since it entered the state five years ago. BB&T also operates in 11 other states and Washington, D.C.
“Texas has a great economy and is a great market for BB&T,” said Kay St. John, BB&T’s North Texas regional president based in Dallas.
In December, BB&T acquired 21 branches in the Austin, Bryan-College Station and San Antonio markets from Citibank. That deal added $1.2 billion in deposits and $134 million in loans.
In contrast, Citibank has been paring its retail branch network in Texas during the past year. At one point, Citi had 100 branches in Texas, including 20 in Dallas. Besides selling a bulk of its branches to BB&T, Citi also has closed branches in the state.
Despite the lack of statewide retail branch network, Citi spokesman Andrew Brent said Texas remains a “vibrant growth state.” With about 9,500 employees, Texas represents the second-largest Citi workforce in the U.S.
The bank has major operations in San Antonio and Irving. Other lines of businesses in Texas include corporate and investment banking, commercial banking and consumer lending.
“However, our branch footprint in Texas did not provide the scale to capture future growth and market share in traditional retail banking,” Brent said in a prepared statement. “We see the retail banking industry rapidly evolving beyond a purely branch-based model, and so we will dedicate our resources and investments on a more focused branch footprint in our major urban markets and on expanding our digital channels nationally.”
BB&T said it will pay a premium-to-book value of about 5.3 percent of total deposits in the latest transaction with Citibank. The deal is expected to close in the first quarter.
BB&T entered the state in 2009, when it acquired Alabama-based Colonial BancGroup, which was shut down by federal regulators in one of the biggest bank failures during the financial crisis. With that acquisition, the bank gained 19 branches in Dallas-Fort Worth and three in Austin.
BB&T will have 2,050 employees statewide when the Citibank deal closes. The bank operates other units such as wealth management, investment banking and insurance.
Follow Hanah Cho on Twitter at @hanahcho.
http://www.dallasnews.com/business/headlines/20140903-bbt-acquires-another-41-branches-in-texas-from-citibank.ece
Brilliant.
parrot head
12年前
Free checking disappearing at the big banks. Time to invest in community banks.
As free checking disappears from the nation's biggest banks, the accounts remain alive and well at credit unions.
About 72% of credit unions offer free checking accounts with no strings attached, like required minimum account balances or direct deposits, according to a Bankrate.com survey of the 50 largest credit unions.
That's unchanged from last year and down only slightly from 78% in 2010. Another 24% of these institutions have accounts that are free if customers meet certain requirements like making direct deposits.
"Free checking remains well within reach of most Americans, and often means looking no further than their credit union," said Greg McBride, Bankrate.com's chief financial analyst.
Related: Savings account lotteries - win up to $25,000
It's a very different story at the big banks, though. Only 38% of banks now offer free checking accounts, which is down slightly from 39% last year and a big drop from 65% in 2010, based on responses from 10 major banks.
Even if you have a free checking account, you can still incur other fees for overdrawing your account or using an ATM. But fees at credit unions are a lot lower than those at banks. The average credit union overdraft fee is $26.96 versus $32.20 at banks.
The most common fee that credit unions charge customers for is using an out-of-network ATM. Credit unions typically charge $1 or $1.50, versus $2 at banks. To top of page
http://money.cnn.com/2014/03/03/pf/free-checking/index.html?hpt=hp_t2
dragon man
17年前
Despite strong performance, BB&T will not pay bonuses to members of executive team
WINSTON-SALEM, N.C., Jan. 30 /PRNewswire-FirstCall/ -- BB&T Corporation (NYSE:BBT), which earned $1.5 billion in net income in 2008, said today that members of its executive team will not receive annual bonuses under its short-term incentive plan.
"We have traditionally set very difficult goals, and although we are among the top performers in the financial industry in 2008, we did not earn a bonus based on our targets," said Chief Executive Officer Kelly S. King. "This has been an extremely difficult economic environment, even for well-capitalized and profitable financial institutions."
BB&T is one of the strongest capitalized financial institutions in the industry. BB&T's Tier I capital ratio, a measure of financial strength and soundness, is 12.0 percent, significantly higher than the government's safety threshold of 6 percent. BB&T's total capital ratio is 17.1 percent, notably higher than the government's minimum ratio to be well capitalized of 10 percent.
With $152 billion in assets, BB&T Corporation (NYSE:BBT) is the nation's 12th largest financial holding company and operates more than 1,500 financial centers in 11 states and Washington, D.C. More information about the company is available at BBT.com.
DATASOURCE: BB&T Corporation
CONTACT: ANALYSTS: Tamera Gjesdal, Senior Vice President, Investor
Relations, +1-336-733-3058, or MEDIA: Bob Denham, Senior Vice President,
Corporate Communications, +1-336-733-1475
Web Site: http://www.bbt.com/
http://www.prnewswire.com/comp/809325.html
Company News On-Call: http://www.prnewswire.com/comp/683693.html
dragon man
17年前
Grandbridge completes acquisition of Live Oak Capital
CHARLOTTE, N.C., Jan. 16 /PRNewswire-FirstCall/ -- Grandbridge Real Estate Capital LLC, the commercial mortgage banking subsidiary of Branch Banking and Trust Company, today said it has completed its acquisition of Houston-based commercial mortgage banking firm Live Oak Capital Ltd.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080303/CLM064LOGO )
Live Oak Capital specialized in debt and equity placement and loan servicing for the commercial real estate industry. Founded in 2000, the privately-owned company closed more than $7 billion in commercial real estate capital transactions.
Terms were not disclosed. Branch Banking and Trust Company is the principal subsidiary of Winston-Salem, N.C.-based BB&T Corporation (NYSE:BBT).
"While we have an existing office in Dallas, partnering with the blue-chip professionals at Live Oak will strengthen our commercial mortgage franchise in Texas with the addition of this highly experienced business and management team," said Grandbridge Chief Executive Officer Tom Dennard.
"This is a firm whose principals have more than 125 years of combined industry experience and one that has achieved national recognition for its customer service, integrity and intellectual capital."
Live Oak Capital served as a mortgage loan correspondent for 20 institutional lenders and had access to a national network of debt and equity capital resources. It also provided full closing, servicing and loan administration services.
The new Houston-based Grandbridge senior management team will include John Fenoglio, David Aaronson, Gary Dunkum III, Harold Holliday and James Richards Jr., all former Live Oak Capital senior managers.
Charlotte-based Grandbridge, one of the nation's largest full-service commercial and multifamily mortgage banking companies, has a servicing portfolio of more than $24 billion representing 96 capital providers.
The company was founded in October 2007 when BB&T combined its existing commercial mortgage banking firm, Laureate Capital LLC of Charlotte, with newly acquired Collateral Real Estate Capital LLC of Birmingham, Ala.
Grandbridge operates 26 loan production offices across the country. It arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management and real estate brokerage services.
Grandbridge is a Fannie Mae DUS(R) (Delegated Underwriting and Servicing) lender, a Freddie Mac Program Plus(R) seller/servicer, and an active participant in multifamily products insured by the Federal Housing Administration.
With $137 billion in assets, BB&T Corporation (NYSE:BBT) is the nation's 12th largest financial holding company. Founded in 1872, it operates more than 1,500 financial centers in 11 states and Washington, D.C. More information about the company is available at http://www.bbt.com/ .
http://www.newscom.com/cgi-bin/prnh/20080303/CLM064LOGO
http://photoarchive.ap.org/
DATASOURCE: BB&T Corporation
CONTACT: Thomas S. Dennard, Chief Executive Officer of Grandbridge Real
Estate Capital, +1-704-379-6910; or Tamera Gjesdal, Senior Vice President
Investor Relations, +1-336-733-3058, or Jeff Nichols, Vice President Corp.
Communications, +1-336-733-1472, both of BB&T Corporation
Web site: http://www.bbt.com/
Company News On-Call: http://www.prnewswire.com/comp/809325.html
dragon man
17年前
BB&T CEO elected to Federal Reserve Bank of Richmond board
WINSTON-SALEM, N.C., Jan. 14 /PRNewswire-FirstCall/ -- BB&T Corporation (NYSE:BBT) today said that Chief Executive Officer Kelly S. King has been elected to serve on the nine-member board of directors of the Federal Reserve Bank of Richmond.
King was elected to a three-year term as a "Class A director" by the stockholding member banks of the Fifth Federal Reserve District, which is served by the Richmond Fed.
"This is certainly an honor, but also an important responsibility, particularly during these difficult times," said King, who succeeded John Allison as chief executive officer on Jan. 1. "Monetary policy is critically important. As a representative of BB&T, I'm looking forward to doing whatever I can to contribute to a meaningful dialogue around the economic issues facing us."
The Federal Reserve Bank of Richmond is one of 12 District Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve system. The Fifth Federal Reserve District includes North Carolina, South Carolina, Virginia, Maryland, most of West Virginia and Washington, D.C.
King, 60, joined BB&T in 1972 after graduating from East Carolina University. He was appointed chief operating officer in 2004 before his promotion to CEO.
As an executive management team member since 1983, King has been an instrumental figure in BB&T's transformation into one of the largest -- and highest performing -- financial services companies in the nation.
King earned his bachelor's and master's in business administration degrees from East Carolina. He is a graduate of the Stonier Graduate School of Banking at Rutgers University.
With $137 billion in assets, Winston-Salem, N.C.-based BB&T Corporation is the nation's 12th largest financial holding company. Founded in 1872, it operates more than 1,500 financial centers in 11 states and Washington, D.C. More information about the company is available at http://www.bbt.com/ .
dragon man
17年前
AFCO Credit Corporation to acquire U.S. assets and operations of Cananwill
PITTSBURGH, Jan. 7 /PRNewswire-FirstCall/ -- AFCO Credit Corporation today said it plans to buy the domestic operations and assets of the premium finance business of Cananwill from Aon Corporation (NYSE:AON).
Glenview, Ill.-based Cananwill provides insurance premium financing for commercial property and casualty policies. It was founded in 1937.
AFCO is the primary insurance premium finance subsidiary of Branch Banking and Trust Company, the principal subsidiary of Winston-Salem, N.C.-based BB&T Corporation (NYSE:BBT). Pending regulatory approval, the AFCO purchase is expected to be completed by the end of the first quarter. Terms were not disclosed.
BB&T is the second largest provider of insurance premium financing in the United States and the largest in Canada. Insurance Premium Finance is a unit of BB&T's Specialized Lending division.
"We are strongly committed to insurance premium finance loans and this acquisition will significantly strengthen our franchise in the United States," said Tol Broome, manager of BB&T Specialized Lending. "Cananwill employees share our values and our common goals of providing outstanding client service and helping clients achieve financial success."
BB&T's insurance premium finance operation is made up of Pittsburgh-based AFCO Credit Corporation and AFCO Acceptance Corporation, which operate nine offices across the country; AFCO affiliate CAFO, which operates three offices in Canada; and Prime Rate Premium Finance of Florence, S.C.
Insurance premium financing provides loans that enable businesses and consumers to pay their insurance costs over time, improving cash flow and supplying additional credit and working capital.
"Businesses that want to boost their liquidity in this uncertain economy often overlook the benefits of insurance premium financing," said Daryl Zupan, president of AFCO, CAFO and Prime Rate. "We have available funding and are very pleased to be adding the strength and expertise of Cananwill to the spectrum of our premium finance offerings."
BB&T acquired AFCO and CAFO from the former Mellon Financial Corporation in 2007. Founded in 1954, AFCO's client base includes large conglomerates, medium-sized corporations, municipalities, professional practices, sole practitioners, groups and associations.
Colonnade Securities LLC advised Aon and Cananwill on the transaction.
With $137 billion in assets, BB&T Corporation is the nation's 14th largest financial holding company. It operates more than 1,500 financial centers in 11 states and Washington, D.C. More information about the company is available at BBT.com.
DATASOURCE: BB&T Corporation