BB&T - wikipedia BB&T BB&T Corporation Type Public company Traded as NYSE : BBT S&P 500 Index component Industry Financial services Founded 1872 ; 145 years ago ( 1872 ) Founder Alpheus Branch Thomas Jefferson Hadley Headquarters Winston - Salem, North Carolina Number of locations 2,100 branches Area served North Carolina, South Carolina, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana, Texas, New Jersey, Ohio, Pennsylvania, Washington, D.C. Key people Kelly King, Chairman & CEO Christopher L. Henson, President Daryl N. Bible, CFO Products Commercial and Consumer banking Investment banking Insurance Mortgage Revenue US $ 10.793 billion ( 2016 ) Net income US $ 2.442 billion ( 2016 ) Total assets US $ 219.276 billion ( 2016 ) Total equity US $ 29.355 billion ( 2016 ) Number of employees 37,500 ( 2016 ) Website www.bbt.com Typical branch office. Located in Lexington, North Carolina BB&T Headquarters in Winston - Salem, North Carolina BB&T building in downtown Tampa, Florida A typical branch in Douglas, GA BB&T Corporation ( Branch Banking and Trust Company ) is a financial service holding company based in Winston - Salem, North Carolina. Its bank operates over 2,100 branches in 15 states and Washington, D.C., and offers consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. It is on the list of largest banks in the United States. Its subsidiary BB&T Insurance Services is one of the largest insurance brokers in the world. History In 1872, Alpheus Branch and Thomas Jefferson Hadley founded the Branch and Hadley merchant bank in their hometown of Wilson, North Carolina. After many transactions, mostly with local barbers, Branch bought out Hadley 's shares in 1887 and renamed the company to Branch and Company, Bankers. Two years later, Branch, his father - in - law Gen. Joshua Barnes, Hadley and three other men, secured a charter from the North Carolina General Assembly to operate the Wilson Banking and Trust Company. After several additional name changes, the company finally settled on the name Branch Banking and Trust Company. Branch remained an active member in the company until his death in 1893. The 1903 Branch Banking and Trust Company Building at Wilson was listed on the National Register of Historic Places in 1978. BB&T sold Liberty Bonds during World War I and grew to have more than $4 million in assets by 1923. BB&T Insurance Services was added in 1922 and a mortgage division was added in 1923. Even though banks across the United States failed as a result of the 1929 Stock Market Crash, BB&T survived ; it was the only one to do so in the town of Wilson. In 1995, the bank merged with Southern National Bank, another bank with roots in the eastern part of the state. This gave BB&T 437 branches in 220 cities in the Carolinas and Virginia. The bank continued to expand nationwide through the 1990s, purchasing Fidelity Financial Bankshares, First Financial of Petersburg, Maryland, Maryland Federal Bancorp, and Franklin Bancorporation. In 1998, BB&T acquired MainStreet Financial of Martinsville, Virginia, and Mason - Dixon Bancshares of Westminster, Maryland, and further expanded into Georgia and West Virginia after purchasing First Liberty of Macon, Georgia, and Matewan Bancshares. In 2005, the bank acquired Main Street Banks of metro Atlanta for $622 million. In 2006, the bank acquired Coastal Federal Bank, based in Myrtle Beach, South Carolina. In February 2008, the company acquired Burkey Risk Services. In April 2008, the company acquired UnionBanc Insurance Services. In late 2008, the bank accepted $3.1 billion in bailout money through the sale of preferred shares to the U.S. Treasury 's Troubled Asset Relief Program. In June 2009, the bank repurchased the shares. Also in June 2009, its chairman, John A. Allison IV delivered a keynote address to a meeting of the Competitive Enterprise Institute, where he claimed to show how government regulation caused the financial crisis of 2007 -- 2008. In July 2008, the company acquired Puckett, Scheetz & Hogan. On August 14, 2009, the bank acquired Colonial Bank after its seizure by the FDIC. This acquisition added more than 340 branches in Alabama, Florida, Georgia, Nevada and Texas along with approximately $22 billion in assets. BB&T sold the Nevada branch to U.S. Bancorp in January 2010. In December 2008, the company acquired J. Rolfe Davis. In November 2009, the company acquired Oswald Trippe. In September 2011, the company acquired Liberty Benefit Insurance Services, an agency operating in California. The company also acquired Atlantic Risk Management. In November 2011, the company acquired Precept, an employee benefits consulting firm. In February 2012, the company acquired the life insurance and property and casualty insurance divisions of Crump Group. In July 2012, the bank acquired BankAtlantic, and its $2.1 billion in loans and $3.3 billion in deposits. The company also began selling flood insurance online. In December 2013, the bank acquired 21 Citigroup branches in Texas for $36 million, adding $1.2 billion in deposits. In March 2014, the company acquired Woodbury & Co., an insurance broker operating in the Carolinas. In April 2014, the company acquired Caledonian Insurance Group, which specialized in insurance brokerage services for the aviation industry. In September 2014, the bank acquired 41 more Citigroup branches, which added 123 branches and $5.3 billion in deposits. In April 2015, BB&T subsidiary CRC Insurance Services acquired the assets of Napco LLC, a broker of catastrophic commercial insurance. In June 2015, the bank acquired Bank of Kentucky for $363 million, which added $1.9 billion in assets and gave BB&T a presence in the Northern Kentucky - Cincinnati market, and its first branches in Ohio. The also company sold American Coastal Insurance and increased its ownership in AMRisc. In August 2015, the bank acquired Susquehanna Bank for $2.5 billion, adding 240 branches and $18.7 billion in assets, and marking the bank 's entry into Pennsylvania and New Jersey. In April 2016, the company acquired Swett & Crawford, a wholesale insurance broker. In April 2016, the bank acquired National Penn for $1.8 billion, which added 124 branches in Pennsylvania, New Jersey, and Maryland, $9.6 billion in assets, and $6.7 billion in deposits. References ^ Jump up to : BB&T Corporation 2016 Form 10 - K Annual Report Jump up ^ Bonner, Marianne ( July 13, 2017 ). `` 15 Largest Insurance Brokerages ''. The Balance. Jump up ^ National Park Service ( 2010 - 07 - 09 ). `` National Register Information System ''. National Register of Historic Places. National Park Service. Jump up ^ `` SNB completes acquisition ''. American City Business Journals. March 3, 1997. Jump up ^ `` BB&T To Acquire Maryland Federal Bancorp, Inc '' ( Press release ). PRNewswire. February 25, 1998. Jump up ^ Singletary, Michelle ; Behr, Peter ( December 17, 1997 ). `` NORTH CAROLINA COMPANY TO BUY FRANKLIN BANCORP ''. The Washington Post. Jump up ^ `` BB&T To Acquire MainStreet of Martinsville, Va '' ( Press release ). PRNewswire. August 27, 1998. Jump up ^ Berselli, Beth ( August 28, 1998 ). `` BB&T TO ACQUIRE MAINSTREET ''. The Washington Post. Jump up ^ `` BB&T To Acquire Mason - Dixon Bancshares Of Westminster, Md '' ( Press release ). PRNewswire. January 28, 1999. Jump up ^ `` BB&T to acquire First Liberty Financial Corp. of Macon, Ga '' ( Press release ). PRNewswire. April 28, 1999. Jump up ^ `` BB&T to buy W. Va. bank ''. American City Business Journals. February 25, 1999. Jump up ^ `` BB&T to acquire Main Street Banks Inc. of metro Atlanta '' ( Press release ). PRNewswire. December 15, 2005. Jump up ^ `` BB&T to acquire Coastal Financial Corporation of Myrtle Beach, S.C '' ( Press release ). PRNewswire. December 21, 2006. Jump up ^ `` BB&T Insurance acquires Maitland firm ''. American City Business Journals. February 29, 2008. Jump up ^ `` BB&T to buy UnionBanc Insurance Services ''. American City Business Journals. April 24, 2008. Jump up ^ `` 2 Banks Exit TARP, With More to Follow ''. The New York Times. June 17, 2009. Jump up ^ Allison IV, John A. ( June 11, 2009 ). `` Transcript of Keynote Address '' ( PDF ). Competitive Enterprise Institute. Jump up ^ `` BB&T Insurance buys Myrtle Beach agency ''. American City Business Journals. July 30, 2008. Jump up ^ `` BB&T Takes Over Colonial Bank ''. The New York Times. August 14, 2009. Jump up ^ Isidore, Chris ; Pepitone, Julianne ( August 15, 2009 ). `` BB&T buys Colonial bank ; 4 other banks fail ''. The New York Times. Jump up ^ `` U.S. Bank Completes Purchase of Nevada Banking Operations from BB&T Corporation '' ( Press release ). Business Wire. January 19, 2010. Jump up ^ `` BB&T Insurance buys Florida firm ''. American City Business Journals. December 18, 2008. Jump up ^ `` BB&T Insurance buys Oswald Trippe ''. American City Business Journals. November 3, 2009. Jump up ^ `` BB&T Insurance Services to acquire California agency '' ( Press release ). PRNewswire. September 22, 2011. Jump up ^ `` BB&T Insurance Services to acquire Atlantic Risk Management '' ( Press release ). PRNewswire. September 27, 2011. Jump up ^ `` BB&T to acquire California insurance agency, Precept '' ( Press release ). PRNewswire. November 3, 2011. Jump up ^ `` Crump Group, Inc. Announces Sale of Life and Property & Casualty Insurance Divisions to BB&T '' ( Press release ). Business Wire. February 3, 2012. Jump up ^ Rothacker, Rick ( July 31, 2012 ). `` BB&T to close BankAtlantic deal after receiving Fed OK ''. Reuters. Jump up ^ `` BB&T adds flood insurance to its online offerings '' ( Press release ). PRNewswire. June 27, 2012. Jump up ^ Craver, Richard ( December 18, 2013 ). `` BB&T acquires 21 Citigroup branches in Texas ''. Winston - Salem Journal. Jump up ^ `` BB&T Insurance Services to acquire Woodbury & Co '' ( Press release ). PRNewswire. March 27, 2014. Jump up ^ `` McGriff, Seibels & Williams to acquire Caledonian Insurance Group '' ( Press release ). PRNewswire. April 2, 2014. Jump up ^ Campbell, Dakin ; Dexheimer, Elizabeth ( September 3, 2014 ). `` BB&T buying 41 branches in Texas from Citigroup ''. Bloomberg News. Fort Worth Star - Telegram. Jump up ^ `` CRC Insurance Services to acquire strategic assets of Napco, LLC '' ( Press release ). PRNewswire. April 2, 2015. Jump up ^ `` BB&T completes The Bank of Kentucky acquisition '' ( Press release ). PRNewswire. June 22, 2015. Jump up ^ `` BB&T Insurance completes ownership increase in leading managing general underwriter and the divestiture of insurance company '' ( Press release ). PRNewswire. June 1, 2015. Jump up ^ `` BB&T closes Susquehanna Bancshares acquisition '' ( Press release ). PRNewswire. August 3, 2015. Jump up ^ `` BB&T closes on Swett & Crawford acquisition '' ( Press release ). PRNewswire. April 1, 2016. Jump up ^ `` BB&T closes National Penn acquisition '' ( Press release ). PRNewswire. April 4, 2016. External links Business data for BB&T : Google Finance Yahoo ! Finance Bloomberg Reuters SEC filings 50 largest banks and bank holding companies in the United States Ally American Express Bank of America Bank of New York Mellon Barclays * BB&T BBVA * BMO * BNP Paribas * Capital One Charles Schwab CIT Citigroup Citizens Comerica Credit Suisse * Deutsche Bank * Discover E-Trade Fifth Third Goldman Sachs HSBC * Huntington JPMorgan Chase KeyBank M&T Mizuho * Morgan Stanley MUFG Union Bank * Mutual of Omaha New York Community Northern Trust People 's United PNC Popular Royal Bank of Canada * Regions Banco Santander * State Farm State Street SunTrust SVB Synchrony Toronto Dominion * TIAA U.S. Bancorp UBS * USAA Wells Fargo Zions * indicates the U.S. subsidiary of a non-U.S. bank. Inclusion on this list is based on U.S. assets only, and is current as of March 31, 2017. Retrieved from `` https://en.wikipedia.org/w/index.php?title=BB%26T&oldid=808998547 '' Categories : Wilson, North Carolina Companies based in Winston - Salem, North Carolina Banks based in North Carolina Economy of the Southeastern United States Companies listed on the New York Stock Exchange Banks established in 1872 Mutual fund families Talk About Wikipedia Deutsch فارسی Français Русский Edit links This page was last edited on 6 November 2017, at 14 : 48. Text is available under the Creative Commons Attribution - ShareAlike License ; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia ® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization. About Wikipedia

Question: what is the full name of bb t bank
Answer: Branch Banking and Trust Company