BB&T
| BB&T Corporation
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | US0549371070 |
| founding | 1872 |
| Seat | Winston-Salem , United States |
| management | Kelly S. King (CEO) |
| Number of employees | 36,484 |
| sales | $ 11.3 billion |
| Branch | Banking |
| Website | www.bbt.com |
| As of December 31, 2017 | |
BB&T Corporation (Abbreviation for Branch Banking and Trust ) is a US company with headquarters in Winston-Salem , North Carolina .
The company operates as a credit institution and investment company in the United States and is listed on the S&P 500 stock index. The company was founded in 1872 by Alpheus Branch and Thomas Jefferson Hadley. BB&T has 1,800 branches in 12 states in the southeastern United States as well as in Washington, DC In 2009, the competitor Colonial Bank went bankrupt. BB&T acquired most of Colonial Bank's assets, valued at approximately $ 22 billion. For BB&T it is the largest takeover in its 137-year history. This created the eighth largest bank in the United States by deposits.
BB&T sponsors NASCAR races.
BB&T increased its stake in Alphabet Inc. to over $ 60 million in the first quarter of 2016.
For the second quarter of 2016, BB&T posted record earnings of $ 541 million and had 37,644 employees.
In February 2019 it was announced that BB&T was merging with the US bank SunTrust Banks .
Web links
Individual evidence
- ↑ a b BB&T 2017 Form 10-K Report , accessed April 30, 2018
- ↑ a b BB&T: Company Information ( Memento of the original from October 14, 2008 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Financial Times : "US financial crisis continues" ( Memento from August 4, 2012 in the web archive archive.today )
- ↑ Scott Moore: BB&T Securities LLC Has $ 60,391,000 Stake in Alphabet Inc. (Goog). In: The Cerbat Gem. July 15, 2016, accessed September 23, 2016 .
- ↑ BB&T Announces Profit of $ 541 Million, Up 19%; 18% higher record yield | Message | finanzen.net. Retrieved September 13, 2016 .
- ↑ BB & T's expansion strategy contributes to record second-quarter profit. In: Winston-Salem Journal. July 21, 2016, accessed November 1, 2016 .
- ↑ Handelsblatt.de: BB&T and Suntrust merge to become the sixth largest bank in the USA , February 7, 2019
