Branch Banking and Trust Company, through its subsidiaries, provides retail and commercial banking, insurance, investment, and international and leasing services. The company offers personal products, such as checking accounts, check cards, prepaid debit cards, savings, certificates of deposit, individual retirement accounts, credit cards, insurance services, gift cards, mortgages, tax preparation services, home equity loans and lines of credit, online services, personal loans and lines, investment services, and auto and RV loans. The company also provides business products, including association, capital market, payment, commercial lending, commercial financing, deposit access, institutiona...
200 West Second Street
Winston-Salem, NC 27101
Founded in 1872
The Fifth District Court of Appeal Rules in Favor of Consolidated-Tomoka Land Co
Oct 29 13
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.
Branch Banking and Trust Strikes Back on Patent Suit
Sep 19 13
Branch Banking and Trust was hit with a patent infringement claim in June 2012 by Maxim Integrator. The company also sued other banks including Capital One and Bank of the West, as well as Starbucks and Walmart for the same reason. Maxim claims they violate a patent it holds on the idea of electronically transferring value from a source to a recipient through an electronic device and recalculating the balance on the source account. BB&T this week decided to challenge the patent. The bank filed a petition for a Covered Business Method review-it has asked the Patent Trial and Appeal board to reconsider the merits of Maxim's original patent through the legal firm Ropes & Gray. A second reason Myers believes Maxim's patent should be canceled: two other companies already had patents on this idea, Motorola and Casio. Motorola's is for an electronic wallet and the movement of information onto and off of that wallet as part of cash and purchase transactions. Casio's is for an integrated circuit card that can communicate with a bank's computer through an ATM or with a purchaser to buy goods.
BB&T Bank Plans to Build a Branch in Salem
Jul 18 13
BB&T Bank plans to build a branch in Salem at the entrance of Spartan Square Shopping Center, in a deal for Poe & Cronk. The property was acquired with a long-term ground lease negotiated on behalf of the tenant by Jacob Quesinberry and Cronk of Poe & Cronk. BB&T will begin construction on the branch this fall.