BB and T Corporation (BBT) ニュース

Not expecting good Q. Yield curve was horrendous and volatility muted. Next Q will be better. Buybacks start next week.

$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
*********************************************************

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
*********************************************************

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
*********************************************************

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
*********************************************************

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
*********************************************************


$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

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.

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

Almost back to where we were before the market crash...

They are downsizing, several articles out. Yet PPS staying the same. Merger?

2013 Morgan Stanley Financials Conference

Notable remarks made by BBT...
Read here

Time for the upswing

$BBT This NEWS an opportunity? BB&T vs KRAZ, LLC | FL 2nd DCA – Double Dipping, Not Been In Default Under Terms Of Loan http://shar.es/Jl2TH

Charts say Oversold. IMO good time to buy is now around 28.5/29 cents. 15-20% profit by year end. Just posting to make a call and check later. Let's see how I do-

~ Thursday! $BBT ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!

~ $BBT ~ Earnings expected on Thursday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=BBT&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=BBT&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=BBT
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=BBT#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=BBT+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=BBT
Finviz: http://finviz.com/quote.ashx?t=BBT
~ BusyStock: http://busystock.com/i.php?s=BBT&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=BBT >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

My dividend reinvestment is coming up this month.... Let this puppy drop....

BBT gained 0.39% on 07/12/11.
BBT is trading in the range of $25.24 - $27.56 in the past 30 days.
Commodity Channel Index (CCI) is bullish for BBT.
Money Flow Index (MFI) is bearish and moving down for BBT.
BBT formed a Bullish Piercing signal.
BBT formed a bearish 5-day simple moving average and 10-day simple moving average crossdown.
The 10-day simple moving average is bearish and moving down for BBT.
Average volume decrease over 5% for BBT.
Stock performance base on day of week in the past 90 days.
Monday: -4.22%
Tuesday: 8.04%
Wednesday: -8.39%
Thursday: 4.12%
Friday: -3.49%

any thoughts on whether BB&T attempts to acquire Colonial (CNB) and if so will they retain their warehouse lending division?

BBT could get a bounce when TARP payback news is official. They already have the money ready to do it.

Did you ever get on this? $20.50 held and it looks to go higher. If this goes past $22.50 monday it should go toward $24 the 200dma. I should have bought some of the 22.50 calls too but I was too cheap. In on the 24's but sitting on a profit now.

Hey Soapy, 50 day touched at 20.50

It's still early but so far a perfect bounce off the 50 dma at 20.50 keep her on radar!

If it breaks support at the 100 there is still good support a little lower in the high teens. So teens could happen. Maybe I'll get a couple of those 19 puts for June!

It wasn't to long ago that most everyone thought banks were going under. I still think there will be something that triggers a big market red day and BBT could slip into the teens for a buyin opportunity.

They sold those shares so easy it wasn't funny. Placement was over subscribed. If it hit's the 50 dma @20.50 I'm not waiting. Heck the 100 dma is 19.50 ish. Unless banks start going under or something wild I'd expect that to hold for sure.I trade the options mostly, don't have the cash to buy many shares.

I really think with the recovery not underway just yet and the recent dilution, I think BBT can slide back to the mid teens again, where I'll be waiting to pick up some more.

50 crossing the 100 today . I think this goes back to $24 -25 pretty quick

I was impressed (had to check it out). That's a pretty good price.

BBT 21.33 and they are selling shares at $20 . Is that strong or what?

Looks like $20 is the price of the offering. I'm suprised they put it out so cheap. Hope it will hold $20

Pfft... beats me at this moment. I am looking more near 19.

BBT dipped on the news of new shares and divi cut. CEO said they'll bring it back up as profit picks up and TARP paid off.
Loading zone under $23?

NICE FINISH ! Can this rally continue? I need another run at $28 to make some money on my calls.

BBT trying for new HOD!

Hurry!! I'm in a bunch of calls right now I got late yesterday and today on the dip.LOL.

I do sometimes... need to do a chart; been awhile.

Soapy, you still watch/trade this? Got a chart? I've been trading the options.

Congrats! Great day!!!

THE BANK WILL BE EXAM TO MAKE SURE IT SAFE AND IF NOT , WILL GET MORE MONEY . THIS BANK IS SAFE.

i saw it. it better than saying bud on the suite to me. the bank support thing in local area which a good bank does business. it need do to things for local neighborhood.

Check the cover, Dragon:

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

ita good soild bank. bought some money a few days ago.

Marked!

Ah, you run the BB&T forum! Cool, I've traded this for awhile.

ibox update

all my banks stock took bad hit too day, all from c and bac. the fer will not let those banks fail.

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

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/ .

i box up date

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

King era as BB&T chief begins today





WINSTON-SALEM, N.C., Jan. 2 /PRNewswire-FirstCall/ -- A new chapter in the storied 137-year history of BB&T Corporation (NYSE:BBT) began today as Kelly S. King assumed the helm as the financial services company's chief executive officer.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090102/CLF005 ) (Photo: http://www.newscom.com/cgi-bin/prnh/19981013/CHTU001 )

King succeeds former Chief Executive Officer John Allison, who retired Dec. 31, 2008, after 19 years as CEO. Allison will continue to serve as chairman of the board until the end of the year.

The 60-year-old King, who began his career at BB&T in 1972, steps into the chief executive's role with the nation mired in the worst economic crisis since the Great Depression.

"If you're someone who relishes a challenge, then you certainly couldn't ask for a better time to assume the role as CEO of a major financial services company than right now," King said.

"We've got a tremendous amount of work to do in incredibly trying times, but I firmly believe that BB&T is poised - probably as well as any other financial services company in the country - to come out on the other side of this recession in a very favorable position. I honestly believe this company's best days are ahead of us."

King pointed to evidence of the company's overall good health, including last year's decision to increase its shareholder dividend for the 37th consecutive year; disciplined lending standards; new clients bringing new deposits; and a balance sheet unmarred by toxic loans that continue to beset other banks.

Still, King admitted that 2009 will be the most challenging year for BB&T and the industry since the 1930s, with continuing margin pressure, and mounting problems in the residential mortgage industry.

King said the company will focus on four primary areas this year under his leadership: Continuing to work through the credit crisis, revenue growth, client service quality and expense control.

He said BB&T will continue in the same "strategic direction" now that he's CEO. "There is no reason to change course. Our mission, service culture, operating strategy and values have only been reaffirmed during this yearlong recession. We will continue to execute on our vision of creating the best financial institution possible."

The Raleigh, N.C., native had previously served as chief operating officer since 2004. As an executive management team member since 1987, 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.

After 60 bank and thrift acquisitions since 1989, the former eastern North Carolina farm bank has grown to become the nation's 14th largest financial holding company. Assets have increased from about $275 million when King's career began to $137 billion today.

As it has grown, BB&T has steadily climbed the ranks in key measures of performance such as client service, profitability, capital strength, credit quality, operating efficiency and fee-income generation.

"Kelly has been involved in every significant strategic decision we've made at BB&T for over 25 years," said Allison, who plans to continue to serve on the BB&T corporate board beyond his upcoming final year as chairman. "He is a proven leader and firmly committed to BB&T's culture and vision and the corporate values that have made us successful. He will do an outstanding job as CEO."

With $137 billion in assets, BB&T Corporation (NYSE:BBT) is the nation's 14th 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 BBT.com.

we close the year with up tich anb happy new year.

ibox update