headquartered in Winston-Salem, N.C., is among the nation's top
financial-holding companies with $168 billion in assets and market
capitalization of $14.9 billion, as of Sept. 30, 2011. Its bank subsidiaries
operate approximately 1,800 financial centers in the Carolinas, Virginia, West
Virginia, Kentucky, Georgia, Tennessee, Maryland, Florida, Alabama, Indiana,
Texas and Washington, D.C. Market share rankings in deposits: No. 1 in West
Virginia; No. 3 in the Carolinas and Virginia; No. 4 in Kentucky; No. 5 in
Alabama, Florida and Georgia; No. 6 in Tennessee; No. 7 in Maryland and
Washington, D.C. (June 30, 2010 FDIC Deposits, SNL).
BB&T's operating strategy distinguishes it from other financial holding
companies. BB&T's banking subsidiaries are organized as a group of community
banks, each with a regional president, which allows decisions to be made
locally, close to the client. Since 1995, BB&T has completed the acquisition of
more than 35 community banks and thrifts, more than 85 insurance agencies, and
32 non-bank financial services companies. This acquisition strategy has
contributed significantly to BB&T's success.