BB&T Bank

BB&T Bank is one of America’s largest full-service commercial banks. With a holding company based in North Carolina, BB&T Bank with its holding company, BB&T Corporation operates in 11 states in America.

BB&T Bank can provide personal and business banking solutions. It can help in the management of finances, management of wealth, borrowing and educational plans. Aside from banking services, the bank can provide services for the management of assets and investments.

The financial company was founded in 1872. It traces its origin from Branch and Hadley established by Jefferson Hadley and Alpheus Branch in North Carolina particularly in Wilson which was a small hometown in that state. It made a transition to Branch and Company after Brach purchased the interest of Hadley from the merchant bank.

The financial company settled for other names until its current name of BB&T in 1913 which was abbreviated for Branch Banking and Trust.

The bank has been to progressive changes throughout the years. It survived the stock market crash in 1929, an effect of America’s Great Depression. It added financial service divisions to diversify its businesses. It also settled for amalgamations and absorptions to increase its business size and status.

The company reached its status being the largest bank in North Carolina in 1994 with an asset size amounting to 10.5 billion dollars and with over two hundred offices in different locations in North and South Carolina. But its dominance in that state did not stop there.

BB&T Bank had an equal merger with Southern National Corporation in 1995. This resulted to additional branches in Carolinas including Virginia.

Furthermore, BB&T has been through considerable acquisition events that have contributed its business size. The events have also marked its opportunity to expand to other territories outside of North Carolina. The bank acquired several banks mostly small financial institutions in various states. Its most recent acquired company is the Coastal Financial Corporation which is based in Myrtle Beach, South Carolina.

BB&T Bank together with BB&T Corporation has accumulated assets worth 127.6 billion dollars as of June 30, 2007. It has operations in 11 states including the District of Columbia. Financial centers of BB&T Bank can be found in Virginia, South Carolina, Maryland, Kentucky, Tennessee Florida, Georgia, Indiana, Alabama, West Virginia and North Carolina.

The banking centers of BB&T Bank offers full-service banking for commercial and personal consumers. The financial activities of the bank have been diversified to meet the various demands of markets and customers. Clients can open checking or savings deposit account, apply for cards whether credit card, debit card or check card.

Moreover, BB&T Bank can help in the management of finances for its individual and business clients. It can also involve in borrowing terms and lending services. Different loans have been offered by the bank with different features for different customers.

Aside from branch banking and obtaining loans and mortgages in BB&T Bank’s loan offices, the bank can also provide a convenient kind of service to its clients. The BB&T bank online banking services connect the users to different banking features on the net. These features can include different online banking services to make transactions easier and almost effortless. Logging in at the banks’ online services can provide customers with different opportunities from fund transfer between BB&T accounts to checking the current account statements from the bank.

Information more about BB&T Bank and its holding corporation can be found in its website on the net. It can be the best resource for clients and the bank’s market regarding the information about the large financial institution.

BB&T Corporation and BB&T Bank stocks are traded publicly in New York Stock Exchange. The financial company also involves in investment and insurance products and services.