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BB&T Corp (NYSE:BBT)

37.87
Delayed Data
As of Sep 23
 -0.27 / -0.71%
Today’s Change
29.95
Today|||52-Week Range
39.47
+0.16%
Year-to-Date
SECTOR
Finance
INDUSTRY
Major Banks
MARKET CAP
$30.8B

Company Description

BB&T Corp. operates as a holding company for Branch Banking & Trust Co. It conducts its business operations primarily through its commercial bank subsidiary, Branch Bank, and other non-bank subsidiaries. The company operates through the following segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services and Financial Services. The Community Banking segment serves individual and business clients by offering a variety of loan and deposit products and other financial services. It is also responsible for serving client relationships. The Residential Mortgage Banking segment retains and services mortgage loans originated by the banking network as well as those purchased from various correspondent originators. Its Mortgage loan products include fixed and adjustable rate government and conventional loans for the purpose of constructing, purchasing or refinancing residential properties. The Dealer Financial Services segment originates loans to consumers for the purchase of automobiles, boats and recreational vehicles. The Specialized Lending segment include commercial finance, which manages asset-based working capital financing, supply chain financing, export-import finance, accounts receivable management, credit enhancement and mortgage warehouse lending; and governmental finance, which provides tax-exempt financing to meet the capital project needs of local governments. The Insurance Services segment provides property andcasualty, employee benefits and life insurance to businesses and individuals, surety coverage and title insurance to small businesses. The Financial Services segment provides personal trust administration, estate planning, investment counseling, wealth management, asset management, employee benefits services, corporate banking and corporate trust services to individuals, corporations, institutions, foundations and government entities. It also offers clients investment alternatives, including discount brokerage services, equities, fixed-rate and variable-rate annuities, mutual funds and governmental and municipal bonds. The company was founded by Alpheus Branch in 1872 and is headquartered in Winston-Salem, NC.

Contact Information

BB&T Corp.
200 West 2nd Street
Winston-Salem North Carolina 27101-1250
P:(336) 733-2000
Investor Relations:
(336) 733-3058

Employees

Shareholders

Mutual fund holders34.42%
Other institutional30.73%
Individual stakeholders1.17%

Top Executives

Kelly S. KingChairman, President & Chief Executive Officer
Christopher L. HensonChief Operating Officer & Senior Vice President
Daryl N. BibleChief Financial Officer & Senior Executive VP
Barbara F. DuckChief Information Officer & Senior Vice President
Charles Leon WilsonSenior Executive VP & Manager-Operations Division