BB&T Corporation (Branch Banking & Trust) is a financial services holding company.
BB&T was founded by Alpheus Branch and Thomas Jefferson Hadley in 1872 as Branch and Hadley.
In 1922 the company added a security division, and the next year in 1923 it reached $4 million in assets.
In 1995 BB&T merged with Southern National Bank, giving the new company 437 branches in 220 cities in the Carolinas and Virginia.
From 2000 to 2005 BB&T acquired several smaller banks and expanding into Tennessee, Kentucky, and Florida.
In 2008 the bank had to be bailed out with $3.1 billion through the U.S. Treasury’s Troubled Asset Program.
Today BB&T Corporation serves customers, businesses, and government entities through 1,800 branches across a dozen states. The company is one of the oldest banks in North Carolina.
BB&T trades publicly on the New York Stock Exchange under the symbol BBT, is a member of the S&P 500, is #217 in the Fortune 500, has 33,700 employees, and had $9.01 billion in revenue in 2013.