Featured Client
BB&T (Branch Banking & Trust)
Formed in 1872 during the reconstruction of war-torn Eastern North Carolina, Branch and Hadley committed to the creation of a financial institution that people could trust. As private bankers dedicated to helping their local communities, they loaned money necessary to rebuild businesses and farms.
After the stock market crash of 1929, the other seven local financial institutions closed their doors, allowing unprecedented growth opportunity to Branch Banking and Trust. By 1933, BB&T grew from five to eleven total branches with assets totaling $13.7 million.
Throughout it's history, Branch Banking and Trust has maintained a commitment to local customers through community banks, each with a regional president. In 1998, BB&T joined the Community Reinvestment Act to work with and support non-profit Community Development Corporations. Among other outstanding achievements, this alliance has produced a pledge of $108,000,000.00 over three years to the Carolina Affordable Housing Authority Corporation.
With offices now in North Carolina, South Carolina, Florida, Georgia, Kentucky, Indiana, Virginia, West Virginia, Maryland, Tennessee, Alabama, and Washington, D.C., BB&T quickly developing marketshare through local community service the way banking should be.
Interesting Facts:
- Four out of the past six years, BB&T has been the # 1 "small business-friendly" financial holding company according the U.S. Small Business Administration
- BB&T is the largest mortgage lender in the Carolinas
- As of April 2004, BB&T operates more than 1,400 banking offices in eleven states with over $97 billion in assets.
- BB&T is currently the 9th largest financial holding company in the United States (including pending acquisitions)
To explore career opportunities with BB&T, contact stacy@parkavegrp.com
