At BB&T, it's about excellence. It's about the best people creating and building a world-class organization in an ever-changing world. Our success as an organization is based on the vision, mission and values that define the BB&T Philosophy - fundamental principles that guide us in how we do business every single day.
Since 1872, BB&T has operated on the principle that each individual is capable of making a positive impact on the organization. It's a belief that has allowed BB&T to evolve into one of the financial service industry's highest performers. Over the last five years, BB&T has had the highest growth rate in non-interest revenue among the country's 20 largest banks. The reason for this outstanding performance - our employees. BB&T attracts the best talent in the financial services industry. Our success is a direct result of our corporate vision, mission and values.
BB&T Corporation, headquartered in Winston-Salem, N.C. , is a fast growing, highly profitable financial holding company with $ 152 billion in assets. Its bank subsidiaries operate more than 1,500 financial centers in the Carolinas, Virginia, West Virginia, Kentucky, Georgia, Maryland, Tennessee, Florida, Alabama, Indiana and Washington, D.C. BB&T ranks No. 2 in market share in North Carolina; No. 4 in Virginia/Washington, D.C.; No. 3 in South Carolina; No. 1 in West Virginia; No. 5 in Georgia; No. 6 in Maryland; No. 4 in Kentucky; and No. 6 in Tennessee.
Since 1989, BB&T has completed the acquisition of 60 community banks and thrifts, more than 85 insurance agencies, and 35 non-bank financial services companies. This acquisition strategy has contributed significantly to B&T's success. BB&T Corporation is one of the top financial holding companies in the country.
Awards and Recognition
BB&T has been recognized by our clients for quality service, and by external audiences for excellence in performance. These are some of the most recent awards and commendations earned by BB&T:

• Consistently recognized by Fortune Magazine as one of America's "Most Admired Companies."
• Ranked No. 250 on the 2008 Fortune 500 list of America's largest corporations.
• Consistently among the nation's top three "small business-friendly" financial-holding companies according to the U.S. Small Business Administration.
• Recognized by the U.S. Small Business Administration as the 2008 Export Working Capital Lender of the Year
• Ranked highest in customer service satisfaction among primary mortgage servicing companies, according to a nationwide study by J.D. Power and Associates (2008).
• BB&T Wealth Management was ranked the Most Prestigious Regional Bank Wealth Managers by high net-worth consumers in the Luxury Brand Status Index survey from the Luxury Institute (2008).
• Ranked No. 18 in Training Magazine's "Training Top 125" list for quality of employee training programs (2008).
• Named 2008 Dividend Achiever by Mergent, a New York City-based provider of global financial information, a distinction earned by less than 2 percent of all publicly traded companies.
• Presented with seven Excellence in Business Banking awards by Greenwich Associates (2007) - among the highest number of such awards given to any U.S. bank. BB&T received awards for quality of service in the following categories: Overall Customer Satisfaction - Nationally and Southern Region, Business Banker, Branch Services, Call Center, Personal Banking and Cash Management Services.
• BB&T Capital Markets analysts named "Top Equity Analysts" by Forbes.com and StarMine (2008).
• Among the top 100 "Best Corporate Citizens" by Corporate Responsibility Officer magazine (2007).

http://company.monster.com/bbandt/

BBandT stock

After taking over most of Colonial Bank (CNB) on Friday, BB&T Corp. (BBT) said Monday it has commenced a public offering of $750 million of common stock, saying the proceeds, which will qualify as tangible common equity and Tier 1 regulatory capital, will be used for general corporate purposes.

The southeast regional bank also said the underwriters in the offering will have a 30-day option to purchase up to an additional 15 percent of the offered amount of common stock from the company to cover over-allotments, if any. Credit Suisse (CS) and Deutsche Bank (DB) are the joint book runners.

Last week, the Federal Deposit Insurance Corp said BB&T will buy about $22 billion of Colonial's assets. But as DailyFinance's Tim Catts noted, "BB&T will be insulated from the riskiest assets on Colonial's books, thanks to a deal that will see the Federal Deposit Insurance Corp. absorb losses on $15 billion in toxic loans." Colonial is the largest of the 77 banks that have failed so far this year.

Colonial's $20 billion in deposits have been transferred to Winston Salem, North Carolina-based BB&T. BB&T also will add Colonial's 90 branches to its own three in Alabama. In Florida, where BB&T has 107 offices, it is gaining Colonial's 204 branches.

Meanwhile, the "loss-sharing" agreement between BB&T and the FDIC is seen as very favorable to BB&T. It calls for the FDIC to reimburse BB&T for 80 percent of losses of up to $5 billion, and for 95 percent over that amount, BB&T said today. Even in the event that all the assets prove to be worthless and the entire portfolio is charged off, "BB&T's maximum exposure would be less than $500 million (pretax)," the lender said, according to Bloomberg.

It's no wonder then that BB&T CEO Kelly King said, "We're gaining solid market shares in great markets in Alabama, Florida and Georgia. And it comes with minimal asset risk to BB&T because of our loss-sharing agreement with the FDIC."

Still, while BB&T shares surged Friday on the favorable deal, they are down about 4.5 percent so far today in reaction to the stock offering BB&T needed to bolster capital.

At Friday's closing price of $28.23, BB&T would have sold 26.6 million new shares, but the offering is likely to be discounted. As of July 31, it had 648.1 million shares on the market.

http://www.dailyfinance.com/2009/08/17/bbandt-offers-750-million-in-stock-to-bolster-capital/

* Press Release
* Source: BB&T Corporation
* On 10:43 am EDT, Thursday October 22, 2009

*
Companies:
o BB T Corp.

ORLANDO, Fla., Oct. 22 /PRNewswire-FirstCall/ -- BB&T Corporation today announced that Jeff Ellison has been named as president of its Mortgage Warehouse Lending Division, which provides short-term financing to mortgage companies.

Ellison, 47, will oversee daily operations and nearly 60 employees based in Orlando. The Madison, N.C., native joined BB&T through its Management Development Program in 1984. He most recently served as senior credit officer in BBandT's Orlando-based East Florida Region.





"Jeff's experience in corporate lending and knowledge of our sales management method gives him the perspective and expertise needed to combine the best of BB&T's warehouse lending operations with the best of what we recently gained through the Colonial acquisition," said Commercial Finance President Robert Fentress.

"This is a commercial product that dovetails nicely with our retail mortgage business. After evaluating the business model, we plan to continue in the mortgage warehouse lending business. We feel it offers excellent growth opportunities given our client relationship model."

"I am excited about joining the BB&T Mortgage Warehouse Lending Division," Ellison said. "The new Mortgage Warehouse Team is committed to providing reliable, high quality support to our existing customers while also growing our customer base."

Ellison previously served as senior credit officer in Tallahassee from 2002 to 2004 and as senior credit officer for BBandT's Coastal Region in South Carolina from 1999 to 2002. Prior to that, he served as business services officer, an area executive and a retail banking manager.

Ellison earned his bachelor's degree in business administration from the University of North Carolina at Chapel Hill. He also is a 1992 graduate of the North Carolina School of Banking and a 1995 graduate of the School of Banking of the South at Louisiana State University.

Ellison has held board positions for various charitable and civic organizations in North Carolina, South Carolina and Florida, including the United Way, American Red Cross, Rotary International and the Lions Club.

BBandT acquired $22 billion in assets and assumed $20 billion in deposits in the Colonial acquisition, creating the nation's eighth largest financial holding company by deposits. Colonial operated 354 banking offices in Florida, Alabama, Georgia, Texas and Nevada, all of which are now branches of BB&T.

The Colonial acquisition moved BB&T to the No. 5 market share in Florida. With the acquisition, BBandT has about $14 billion in deposits and 303 branches in Florida.

At Sept. 30, BBandT Corporation had $165.3 billion in assets and operated more than 1,800 financial centers in 13 states and Washington, D.C. More information about the company is available at BBT.com.

Article source : http://finance.yahoo.com/news/BBT-names-Ellison-president-prnews-1563570292.html?x=0

A Naples company that owns apartment complexes throughout Florida, including nearly 20 developments in Hillsborough and Pinellas counties, is facing another foreclosure, this one on Brentwood Apartments Tampa.

It’s the second lawsuit brought by Branch Banking & Trust Co. against a limited liability company in Hillsborough County owned by Barfield Bay Holdings Inc. of Naples and Ronald Glas, firm president, court records show.

The most recent lawsuit, filed Oct. 13 in the 13th Judicial Circuit, seeks to foreclose on the 180-unit complex at 8741 Grove Trail for a $9.4 million loan issued in May 2007 to Brentwood Apartments Tampa LLC.

Branch Banking & Trust, a subsidiary of Winston Salem, N.C.-based BBandT Corp., bought the loan from the Federal Deposit Insurance Corp. as receiver of Colonial Bank.

In addition, Branch Banking & Trust has a Hillsborough foreclosure pending on Brookside Tampa Apartments over a $16.7 million loan it also acquired from Colonial.

Glas did not return a call seeking comment.

Barfield Bay’s Web site shows the company also owns Amberton Apartments, Brittany Apartments, Carlyle at Waters, Central Park Apartments, Dauphine, French Quarter Apartments, Rivertree Landings Apartments, Terrace Pointe Apartments and Westwinds Apartments, all in Hillsborough.

Wells Fargo Bank, as trustee for Merrill Lynch, has brought two lawsuits this year seeking to foreclose on Hidden River Grande and Rivertree Landing, records show.

Plus, Whitney National Bank filed a lawsuit to foreclose on a $4.5 million loan secured by Brittany Apartments.

In Pinellas, Barfield Bay owns Pinellas Pointe, Plaza Arms, Tanglewood Apartments, Waterside Village Apartments, Palma Ceia and Woodlawn Apartments, all in St. Petersburg; and Norton Apartments in Clearwater.

Barfield Bay Holdings is obviously not the only landlord facing financial issues with maturing loans or overleveraged projects, said T. Sean Lance, managing director at NAI Tampa Bay.

NAI Tampa Bay is tracking 30,000 distressed apartment units in Tampa, Orlando and Southwest Florida, Lance said. “There are a number of ownership groups out there that are in trouble,” he said.

For the most part, foreclosures on apartments don’t affect the tenants, unless maintenance is deferred for financial reasons, Lance said. “Ownership can change without the tenants even realizing it,” he said.

source : http://tampabay.bizjournals.com/tampabay/stories/2009/10/19/daily61.html?ana=yfcpc

BB&T Corp. plans to operate the former Colonial BancGroup Inc.’s mortgage-warehouse lending division, despite numerous questions surrounding the division.

The unit came under fire from the U.S. Department of Justice before the bank’s failure in August and its subsequent purchase by BB&T. Federal agents raided its Orlando, Fla., offices in search of alleged accounting irregularities regarding Colonial’s request to receive bank bailout funds. Colonial was based in Montgomery, Ala.

Winston-Salem-based BBandT acquired 346 branches and $20.1 billion in deposits in the acquisition.

BBandT (NYSE:BBT) has named Jeff Ellison president of its new lending division that provides short-term financing to mortgage companies. Ellison most recently was a senior credit officer in BB&T’s Orlando-based East Florida region.

BBandT Chief Executive Kelly King says the bank plans to expand its mortgage-warehouse lending by using Colonial’s platform.

“We did, however, take a rational look at the essence of the warehouse business done properly and determined that it is a good business for us,” he says. “We’re already doing some and with their platform, we think we can grow that in our footprint and take advantage of the good relationships they had.”

The strategy is “a classic example of I’m not throwing the baby out with the dirty bath water,” he adds.

source : http://charlotte.bizjournals.com/charlotte/stories/2009/10/19/daily39.html?ana=yfcpc

Here's how it works:

* Businesses earn 1 point for every dollar spent (includes a 1,000-point
sign-up bonus)
* For 10,000 points, they earn $100 in merchandise (with additional
categories of merchandise up through 120,000 points)
* 12,000 points - $100 gift certificate for shopping, dining and
entertainment or $100 toward hotel stays, car rentals, cruises and
vacation packages
* 15,000 points - $125 gift certificate toward cost of an airline ticket
* 35,000 points - roundtrip airfare in continental United States
* 45,000 points - add Alaska, Mexico and Canada
* 70,000 points - add Hawaii, Europe and South America
* 100,000 points - add Asia and Australia

"This is a product designed to provide even more value to our business
clients," said Bud Tremblay, manager of BB&T's Bankcard & Merchant Services
division. "Hard-working small business owners and their employees certainly
deserve any rewards we can offer."
Businesses can track points online or by calling a toll-free number.
Points are awarded to the company rather than the individual cardholder and
expire after three years.
The BB&T Business TravelPoints annual membership fee is $59. To sign up,
visit any BB&T branch. Or for more information, call the Commercial Card
Client Service Center at 1-800-397-1253.
The BB&T Visa Business Credit Card is accepted at more than 28 million
vendors worldwide and more than 627,000 Visa ATMs in 144 countries. It also
offers free reporting options, security protection, expanded warranty periods
and 24-hour travel assistance among several other benefits.
BB&T Credit Card Connection offers cardholders online access to their
accounts with detailed transaction information.
For the past five years in a row, BB&T has been named one of the top two
"small business-friendly" financial institutions in the nation by the U.S.
Small Business Administration.
Winston-Salem, N.C.-based BB&T Corporation operates more than 1,100
banking offices in the Carolinas, Georgia, Virginia, Maryland, West Virginia,
Kentucky, Tennessee, Florida, Alabama, Indiana and Washington, D.C.
With $79.6 billion in assets as of March 31, BB&T Corp. is the nation's
14th largest financial holding company. BB&T was recently named to the Forbes
Platinum 400 list of America's "Best Big Companies" for the fourth year in a
row.
BB&T and its subsidiaries offer full-service commercial and retail banking
and additional financial services such as insurance, investments, retail
brokerage, corporate finance, international banking, leasing and trust. More
information is available at http://www.BBandT.com.


SOURCE BB&T Corporation

BB&T Introduces Online Mortgage Service

WINSTON-SALEM, N.C., April 4 /PRNewswire-FirstCall/ - BB&T Corporation
(NYSE: BBT) today introduced its new Web-based mortgage monitoring service.
BB&T MortgageAccess offers clients a convenient and secure tool to manage
their mortgage online.
Using a Web browser and desktop or portable PC, clients can track their
current loan, escrow, tax and private mortgage insurance information. No
software is required.
"BB&T MortgageAccess is a valuable service to clients who need and want
access to their mortgage account information at any time they choose," said
Tim Day, manager of BB&T's Mortgage Lending Servicing department. "Our
clients have told us they wanted a more flexible and comprehensive way to
manage their mortgage with convenience and ease. With BB&T MortgageAccess, we
will meet that need."
BB&T MortgageAccess -- a free service to BB&T customers -- offers the
following features:

* Current loan information -- Payment information including year-to-date
principal and interest applied.
* Loan activity information -- Balances and monetary activity.
* Escrow information -- Escrow payment, balance and information on the
bills paid from escrow (if applicable).
* Mortgage tax information -- Property taxes and interest paid from the
previous year.
* Private Mortgage Insurance (PMI) -- How to determine if PMI can be
canceled (if applicable).

Currently, mortgage payments and other transactions may not be made
through BB&T MortgageAccess. However, customers can open a BB&T OnLine
account to take care of all their online bill payment needs. Mortgage
payments also can be made at any BB&T branch.
BB&T, the No. 1 mortgage originator in the Carolinas, retains servicing on
all its mortgage loans. Its mortgage loan portfolio is more than $30 billion.
In 2001, its mortgage loan production was a record $10 billion.

To register for BB&T MortgageAccess online, visit http://www.BBandT.com/mortgage.

Winston-Salem-based BB&T Corporation (NYSE: BBT), with $75.7 billion in
assets, operates more than 1,100 banking offices in the Carolinas, Georgia,
Virginia, Maryland, West Virginia, Kentucky, Tennessee, Alabama, Indiana and
Washington, D.C. It is the nation's 13th largest financial holding company.
BB&T and its subsidiaries offer full-service commercial and retail banking
and additional financial services such as insurance, investments, retail
brokerage, corporate finance, international banking, leasing and trust.

SOURCE BB&T Corporation

BB&T bank is much smaller bank and has less branches than many of the national branches ,but many people satisfies to do business with them.why?

First off, BB&T(BBandT) is one of the more experienced banks you will find, as they have been around since eighteen seventy two, and therefore this is always something to keep in the back of your mind. In order to stay in business this long, they have to be relatively stable, as you obviously don't want to do business with a bank on the verge of bankruptcy.
The bank is located in north Carolina, and is one of the quicker expanding banks around. they currently hold one hundred and thirty six billion dollars in assets, and do business primarily in the south east US, doing business in 9 states and the District of Columbia.
They are one of the bigger banks in many of these states, so while even though they might not be known nationwide, if you live in the southeast US, you no doubt have heard of them.
So what separates them from their competition, and what makes them stand apart? The fact is, their organization structure is that of many different community banks, and all of them have their own president, which helps them to be able to serve you better, because whenever problems arise, they don't have to go back and forth with some nationwide office who really doesn't know your situation-they can call the local president, who can make the final call.
BB&T Bank offers both personal and business banking, and here are some of the things they offer if you are looking for personal banking. First of all, you can get a home loan if you don't have the money in cash (which very few do) and this enables you to get your dream home now instead of 50 years from now.

BB&T (BBandT) Bank offers for personal and business banking. You can get home loan at BB&T if you don't have the money in cash,you to get your dream home now instead of 50 years later.

If you want to be accepted , you do need high a credit score like with most banks and if you don't
you can invest in a credit repair company.which can show you the loopholes in the credit business, and many ways you never thought of to raise your credit score now.Do you some of other features that BB&T ( BBandT ) bank offers?

By William Perry