US Market News
3週前
Beacon Bank and Baker Hill Expand Long-Standing Partnership to Enhance Digital Small Business and SBA Lending ExperiencesJune 16, 2026 12:18 PM
PR Newswire (US) The bank will introduce enhanced digital lending experiences designed to make it easier for small business and SBA borrowers to access financing whenever and however they choose to bank.CARMEL, Ind., June 16, 2026 /PRNewswire/ -- Baker Hill, a leading provider of financial technology solutions for loan origination, risk management and analytics, today announced that Beacon Bank, a $24 billion regional bank formed through the 2025 merger of Berkshire Hills Bancorp and Brookline Bancorp, is expanding its long-standing relationship with Baker Hill by implementing enhancements through the UN/FY™ lending platform to further modernize its small business and SBA lending experiences. "As customer expectations continue to evolve, we are focused on delivering banking experiences that are simple, accessible and available when and where our clients want to engage with us," said Scott Gillanders, credit director for government guaranteed lending at Beacon Bank. "By enhancing our digital capabilities across both small business and SBA lending, we are creating a more seamless experience for borrowers, while continuing to provide the expertise and personal service that businesses rely on to access capital and grow."Beacon Bank operates more than 145 branches across the Northeast. Its 44 Business Capital division is one of the nation's most active SBA 7(a) lending divisions. Over the past 16 years, 44 Business Capital has originated more than $2 billion in SBA loans, consistently ranking among the Top 25 SBA originators in the country while helping small businesses nationwide secure long-term financing of up to $5 million through the SBA 7(a) program.The expanded relationship reflects a shared commitment to modernizing the small business lending experience. Through enhanced digital capabilities, Beacon Bank and Baker Hill are working to streamline how borrowers engage with the bank, helping business owners access financing more efficiently while maintaining the guidance and support needed throughout the lending process."This is a defining moment for Baker Hill," said Andy Ivankovich, Chairman and CEO, Baker Hill. "In a time of rapid change and innovation, we're proud to bring powerful capabilities to SBA lending — where banks can meet borrower expectations without sacrificing efficiency or profitability. We're enabling institutions to streamline operations, lower origination costs and deliver a modern lending experience that drives real growth in their communities."The enhancements are designed to support a more connected and flexible customer experience, allowing borrowers to begin, continue and complete lending interactions through digital channels while remaining connected to Beacon Bank's lending teams. The application experience will also incorporate ASK BKR, Baker Hill's AI-enabled tools that leverage document classification and automated spreading capabilities to help streamline credit analysis and accelerate the lending process. Together, these enhancements support Beacon Bank's commitment to delivering banking experiences that meet clients where and when they want to bank.Beacon Bank's adoption of the Digital Small Business platform also highlights Baker Hill's continued investment in SBA lending innovation. As part of the partnership, Baker Hill will continue expanding digital SBA capabilities in upcoming product increments to support the evolving needs of sophisticated commercial lending organizations.Industry analysts and lenders alike continue to point to digital experience modernization as a critical differentiator in the race to acquire and retain small business customers. Baker Hill's platform is designed to help financial institutions deliver seamless borrower journeys while maintaining the risk visibility, compliance controls and operational flexibility required in today's lending environment."We're proud to partner with Beacon Bank and what this represents for small businesses nationwide," said Ivankovich. "Digital transformation in SBA lending is no longer on the horizon — it's here. Together with the Beacon team, Baker Hill is committed to leading this next chapter."About Baker Hill
Baker Hill is the leading provider of commercial lending technology for banks and credit unions across the United States. Each month, financial institutions use Baker Hill's platform to process more than $7 billion in lending originations — helping them?Lend Better, Lend Faster, and Lend More™ in their communities. Backed by?Flexpoint Ford, a private equity firm, Baker Hill delivers the scale, security and innovation required to meet the demands of modern banking. The company is headquartered in?Carmel, Indiana, with operations in?Santa Barbara, California.For more information, visit?www.bakerhill.com. About Beacon Bank
Beacon Bank is a full-service, regional bank serving the Northeast and a subsidiary of Beacon Financial Corporation (NYSE: BBT). Headquartered in Boston, Massachusetts, the bank has $22.2 billion in assets and more than 145 branches throughout New England and New York. The company, through Beacon Bank, offers a full suite of tailored banking solutions including commercial, cash management, asset-based lending, retail, consumer and residential products and services. It also provides equipment financing through its Eastern Funding subsidiary, SBA lending through its 44 Business Capital division and private wealth services through Clarendon Private. To learn more, visit?BeaconBank.com and follow Beacon on?Facebook,?Instagram, and?LinkedIn. SOURCE Baker Hill Original: Beacon Bank and Baker Hill Expand Long-Standing Partnership to Enhance Digital Small Business and SBA Lending Experiences
US Market News
3週前
Beacon Bank and Baker Hill Expand Long-Standing Partnership to Enhance Digital Small Business and SBA Lending ExperiencesJune 16, 2026 12:12 PM
PR Newswire (US) The bank will introduce enhanced digital lending experiences designed to make it easier for small business and SBA borrowers to access financing whenever and however they choose to bank.CARMEL, Ind., June 16, 2026 /PRNewswire/ -- Baker Hill, a leading provider of financial technology solutions for loan origination, risk management and analytics, today announced that Beacon Bank, a $24 billion regional bank formed through the 2025 merger of Berkshire Hills Bancorp and Brookline Bancorp, is expanding its long-standing relationship with Baker Hill by implementing enhancements through the UN/FY™ lending platform to further modernize its small business and SBA lending experiences. "As customer expectations continue to evolve, we are focused on delivering banking experiences that are simple, accessible and available when and where our clients want to engage with us," said Scott Gillanders, credit director for government guaranteed lending at Beacon Bank. "By enhancing our digital capabilities across both small business and SBA lending, we are creating a more seamless experience for borrowers, while continuing to provide the expertise and personal service that businesses rely on to access capital and grow."Beacon Bank operates more than 145 branches across the Northeast. Its 44 Business Capital division is one of the nation's most active SBA 7(a) lending divisions. Over the past 16 years, 44 Business Capital has originated more than $2 billion in SBA loans, consistently ranking among the Top 25 SBA originators in the country while helping small businesses nationwide secure long-term financing of up to $5 million through the SBA 7(a) program.The expanded relationship reflects a shared commitment to modernizing the small business lending experience. Through enhanced digital capabilities, Beacon Bank and Baker Hill are working to streamline how borrowers engage with the bank, helping business owners access financing more efficiently while maintaining the guidance and support needed throughout the lending process."This is a defining moment for Baker Hill," said Andy Ivankovich, Chairman and CEO, Baker Hill. "In a time of rapid change and innovation, we're proud to bring powerful capabilities to SBA lending — where banks can meet borrower expectations without sacrificing efficiency or profitability. We're enabling institutions to streamline operations, lower origination costs and deliver a modern lending experience that drives real growth in their communities."The enhancements are designed to support a more connected and flexible customer experience, allowing borrowers to begin, continue and complete lending interactions through digital channels while remaining connected to Beacon Bank's lending teams. The application experience will also incorporate ASK BKR, Baker Hill's AI-enabled tools that leverage document classification and automated spreading capabilities to help streamline credit analysis and accelerate the lending process. Together, these enhancements support Beacon Bank's commitment to delivering banking experiences that meet clients where and when they want to bank.Beacon Bank's adoption of the Digital Small Business platform also highlights Baker Hill's continued investment in SBA lending innovation. As part of the partnership, Baker Hill will continue expanding digital SBA capabilities in upcoming product increments to support the evolving needs of sophisticated commercial lending organizations.Industry analysts and lenders alike continue to point to digital experience modernization as a critical differentiator in the race to acquire and retain small business customers. Baker Hill's platform is designed to help financial institutions deliver seamless borrower journeys while maintaining the risk visibility, compliance controls and operational flexibility required in today's lending environment."We're proud to partner with Beacon Bank and what this represents for small businesses nationwide," said Ivankovich. "Digital transformation in SBA lending is no longer on the horizon — it's here. Together with the Beacon team, Baker Hill is committed to leading this next chapter."About Baker Hill
Baker Hill is the leading provider of commercial lending technology for banks and credit unions across the United States. Each month, financial institutions use Baker Hill's platform to process more than $7 billion in lending originations — helping them?Lend Better, Lend Faster, and Lend More™ in their communities. Backed by?Flexpoint Ford, a private equity firm, Baker Hill delivers the scale, security and innovation required to meet the demands of modern banking. The company is headquartered in?Carmel, Indiana, with operations in?Santa Barbara, California.For more information, visit?www.bakerhill.com. About Beacon Bank
Beacon Bank is a full-service, regional bank serving the Northeast and a subsidiary of Beacon Financial Corporation (NYSE: BBT). Headquartered in Boston, Massachusetts, the bank has $22.2 billion in assets and more than 145 branches throughout New England and New York. The company, through Beacon Bank, offers a full suite of tailored banking solutions including commercial, cash management, asset-based lending, retail, consumer and residential products and services. It also provides equipment financing through its Eastern Funding subsidiary, SBA lending through its 44 Business Capital division and private wealth services through Clarendon Private. To learn more, visit?BeaconBank.com and follow Beacon on?Facebook,?Instagram, and?LinkedIn. View original content to download multimedia:https://www.prnewswire.com/news-releases/beacon-bank-and-baker-hill-expand-long-standing-partnership-to-enhance-digital-small-business-and-sba-lending-experiences-302802028.htmlSOURCE Baker Hill Original: Beacon Bank and Baker Hill Expand Long-Standing Partnership to Enhance Digital Small Business and SBA Lending Experiences
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
3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
5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
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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/ .