September 30, 2014 8:34 PM ET

Banks

Company Overview of Branch Banking and Trust Company

Company Overview

Branch Banking and Trust Company, through its subsidiaries, provides consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services in the United States. The company offers personal products, such as checking accounts, check cards, prepaid debit cards, gift cards, credit cards, savings accounts, and certificates of deposit; retirement and investment services; home mortgages, home equity loans, and personal loans; property, vehicle, life, health, and accident insurance services; and online banking, mobile banking, online investing, online tax payment, and email encryption services. It also provides business banking services, which compri...

200 West Second Street

Winston-Salem, NC 27101

United States

Founded in 1872

Phone:

336-733-2500

Fax:

336-733-2509

Key Executives for Branch Banking and Trust Company

President
Age: 59
Chairman
Age: 65
Head of Middle Tennessee Operations
Age: 39
Executive Vice President
Age: 52
Executive Officer
Compensation as of Fiscal Year 2014.

Branch Banking and Trust Company Key Developments

Branch Banking and Trust Company Names Ricky K Brown as President

BB&T Corporation has named Ricky K Brown as president of its Branch Banking and Trust Co Inc. unit. Brown succeeds Rob Greene, who had been president since the BB&T merger of equals with Southern National in 1995 and recently retired. He was named to BB&T's executive team in 2004. Since that time he has served as president, Community Banking, BB&T Corp. and will continue in this role.

BB&T Bank Announces to Close its Roanoke Call Center Next Summer

BB&T bank announced that it will close its Roanoke call center next summer, affecting about 140 employees. The bank said it will make every effort to place the affected employees in other positions at bank. Severance packages and job counseling services will be offered to employees who are still working at the center on Coulter Drive near the Roanoke Blacksburg Regional Airport when it closes in the summer of 2015.

The Fifth District Court of Appeal Rules in Favor of Consolidated-Tomoka Land Co

On October 29, 2013, the Fifth District Court of Appeal ruled in favor of Consolidated-Tomoka Land Co., in the appeal entitled Branch Banking and Trust Company v. Consolidated-Tomoka Land Co., Case No. 5D12-3323, Fifth District Court of Appeal for the State of Florida. The Court affirmed a final judgment in favor of Consolidated Tomoka which held that the company's lien of approximately $3.8 million (plus interest) against an approximately 600 acre parcel of residential land (lying west of I-95 near the LPGA International development and adjacent to Bayberry Colony) is superior to the mortgage of BB&T. Presently, the judgment has accrued to over $4.6 million, including interest. This decision is subject to possible motion for a rehearing by BB&T.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 17, 2013
Lendmark Financial Services Inc.
 

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