BB&T In The News
The following is a sampling of BB&T's recent media coverage.
BB&T Drawn to Susquehanna Bank's Market Share, CEO Says
Bloomberg Businessweek - Online
Kelly King, chief executive officer of BB&T Corp., talks about the bank's agreement to pay $2.5 billion for Susquehanna Bancshares Inc. and the company's market strategy. He speaks with Betty Liu on Bloomberg Television's "Bottom Line."
BB&T to Buy Susquehanna for $2.5 Billion in Cash, Stock
BB&T Corp. (BBT), North Carolina's second-largest lender, agreed to buy Susquehanna Bancshares Inc. (SUSQ) for about $2.5 billion to expand in the Mid-Atlantic U.S. BB&T fell as much as 3.2 percent in New York.
BB&T to buy Susquehanna in rare large U.S. post-crisis bank deal
BB&T Corp agreed to buy Pennsylvania-based Susquehanna Bancshares Inc on Wednesday for $2.5 billion in cash and stock and said it was eyeing further expansion to new markets between Texas and Alabama.
Analysts praise BB&T's plan to acquire Susquehanna
BB&T Corp. has a well-earned reputation as a conservative Southern bank. But its recent buying spree in Texas, Kentucky and now Pennsylvania displays a boldness in striking while competitors remain entrenched or are unable to put a better offer on the table.
BB&T to Acquire Bank of Kentucky for $363 Million
BB&T is making acquisitions as other regional banks hesitate to join the flurry amid stricter regulations.
Bank of Ky. sold for $363M
The branch in downtown Cincinnati will be BB&T's first in Ohio. It already operates in Kentucky and has one branch in Indiana. King said BB&T could easily look to expand further into Ohio and the Midwest. "This is an opening, a gateway into the Midwest," King said.
BB&T moves to grow market presence in Kentucky
“The Bank of Kentucky's dedication to community investment and disciplined approach to business are a perfect fit with BB&T's culture,” Kelly King, BB&T's chairman and chief executive, said in a joint statement.
Citigroup Deal Just an Appetizer as BB&T Expands in Texas
Regional lenders including BB&T, U.S. Bancorp and Huntington Bancshares Inc. are scooping up pieces of rivals as some of the industry's largest lenders including Citigroup and Bank of America Corp. exit regions and lines of business.
BB&T has set a goal of being a top-five bank in Texas but had been focusing in the past few years on boosting its commercial operation. "What this does is move us to where we can effectively play in the retail space," King said.
“This is a perfect fit for BB&T's management style and business culture, and it's that sort of synergy that will make the deal easily worthwhile for BB&T shareholders despite the small premium Kelly had to pay to make it work.”
BB&T Corp. has named Ricky Brown as president of its largest subsidiary, Branch Banking and Trust Co. Inc., effectively Wednesday.
Orlando Business Journal
BB&T will open four new bank branches in Central Florida in the next few months, creating up to 24 new positions, including some high-wage jobs, Regional President Tony Coley told Orlando Business Journal in an exclusive interview.
A card table, two legal pads and a handshake 20 years ago produced the most pivotal transaction in BB&T Corp.’s history and yielded a seminal economic moment for Winston-Salem.
Barren County, Ky. -- Volunteers got in touch with their inner child Wednesday morning.
BB&T eyes additional branches to heighten bank's Nashville presence, visibility
Nashville Business Journal
BB&T is looking to expand its existing branch network in Middle Tennessee, an attempt to heighten the bank's visibility in a market where the lender feels it has ample room for growth, according to Tennessee President Mike Willett.
BB&T, Kermit VFD promote fire safety
Williamson Daily News
Kermit, W. Va. – The Kermit Volunteer Fire Department is teaming up with volunteers from BB&T to promote fire safety for local families.
BB&T division uses grant to help YWCA
BB&T's life insurance division in Ballantyne is jumping right in to help the community. The BB&T division is using a Lighthouse Project grant, which is funded by the bank's corporate office, as well as its sizable volunteer force to help the YWCA Central Carolinas.
BB&T to anchor new downtown Wilmington office building
BB&T will be the anchor tenant in a five-story office building downtown that will begin construction this summer.
Non-profit group's Cameron Avenue project picks up momentum
Whole Man Ministries of North Carolina's project to provide permanent housing for homeless veterans on Cameron Avenue in eastern Winston-Salem has begun to pick up momentum. John Mussomeli was one of 40 BB&T Corp. employees who worked on the project.