BB&T: Difference between revisions

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(Dystopos moved page BB&T to Truist Bank)
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#REDIRECT [[Truist Bank]]
[[Image:Bbt logo.jpg|right]]
'''BB&T Corporation''' was the 8th-largest bank in the United States with 1,850 branches in 13 states, and is based in Winston-Salem, North Carolina.  It has 22 branches in [[Birmingham]], holding $1.2 billion in local deposits, and a total of 87 across [[Alabama]].
 
BB&T (which stands for "Branch Banking and Trust") entered the [[Birmingham District]] with a de novo branch at 2204 [[Lakeshore Parkway]] in [[Homewood]].  On [[August 15]], [[2009]], it was announced that the deposits and loan accounts of [[Colonial Bank]] were being transferred to BB&T as part of Colonial's receivership by the FDIC. This acquisition added over 340 branches in Alabama, Florida, Georgia, Nevada and Texas along with approximately $26 billion in assets. This moved BB&T Corporation to the 8th largest commercial bank in the United States based on deposits.
 
One year after entering Alabama via the Colonial acquisition, BB&T reported that deposits had risen 10 percent.
 
In [[2019]] BB&T merged with Atlanta, Georgia-based SunTrust Banks to from [[Truist Bank|Truist Financial Corporation]], and established a new corporate headquarters in Charlotte, North Carolina.
 
==Birmingham locations==
BB&T had 26 offices in the metropolitan Birmingham area:
 
* 820 [[19th Street South]], [[Medical Center]]
* 1900 [[29th Avenue South Homewood|29th Avenue South]], [[Homewood]]
* 1596 [[Montgomery Highway (Hoover)|Montgomery Highway]], [[Hoover]]
* 1034 [[Montgomery Highway (Vestavia Hills)|Montgomery Highway]], [[Shoppes at City Hall|Vestavia Plaza Shopping Center]]
* 1500 [[Montclair Road]], [[Eastwood]]
* 1602 [[Forestdale Plaza]], [[Forestdale]]
* 27 [[Park Road (Pleasant Grove)|Park Road]], [[Pleasant Grove]]
* 2705 [[Meadowbrook Road]], [[Inverness]]
* 629 [[Red Lane Road]], [[Roebuck]]
* 2750 [[John Hawkins Parkway]], [[Hoover]]
* 200 [[18th Street North Bessemer|18th Street North]], [[Bessemer]]
* 1325 [[Decatur Highway]], [[Gardendale]]
* 2998 [[Pelham Parkway]], [[Pelham]]
* 5580 [[Chalkville Mountain Road]], [[Grayson Valley]]
* 2821 [[Moody Parkway]], [[Moody]]
* 14487 [[U. S. Highway 411]], [[Odenville]]
* 5836 [[U. S. Highway 11]], [[Springville]]
* 2203 1st Avenue North, [[Pell City]]
* 3901 [[U. S. Highway 78]] East, [[Jasper]]
* 2002 2nd Avenue, [[Jasper]]
* 415 2nd Avenue East, [[Oneonta]]
* 255 5th Street, [[Ashville]]
 
==References==
* Jarvis, Crystal (August 14, 2009) "It's official: Colonial BancGroup fails." {{BBJ}}
* "[http://en.wikipedia.org/w/index.php?title=BB%26T BB&T]" (December 7, 2009) ''Wikipedia'' - accessed December 19, 2009
* Hubbard, Russell (August 21, 2010) "BB&T says Alabama deposits up one year after Colonial debacle." {{BN}}
* Marcinek, Laura and Danielle Kucera (February 6, 2011) "BB&T targets takeovers in Texas, Midwest." ''Bloomberg News''
* Little, Jane (February 7, 2019) "BB&T merging with SunTrust, establishing HQ in Charlotte." ''Triad Business Journal''
 
[[Category: Defunct banks]]
[[Category: 2019 disestablishments]]

Latest revision as of 12:40, 18 May 2024

Bbt logo.jpg

BB&T Corporation was the 8th-largest bank in the United States with 1,850 branches in 13 states, and is based in Winston-Salem, North Carolina. It has 22 branches in Birmingham, holding $1.2 billion in local deposits, and a total of 87 across Alabama.

BB&T (which stands for "Branch Banking and Trust") entered the Birmingham District with a de novo branch at 2204 Lakeshore Parkway in Homewood. On August 15, 2009, it was announced that the deposits and loan accounts of Colonial Bank were being transferred to BB&T as part of Colonial's receivership by the FDIC. This acquisition added over 340 branches in Alabama, Florida, Georgia, Nevada and Texas along with approximately $26 billion in assets. This moved BB&T Corporation to the 8th largest commercial bank in the United States based on deposits.

One year after entering Alabama via the Colonial acquisition, BB&T reported that deposits had risen 10 percent.

In 2019 BB&T merged with Atlanta, Georgia-based SunTrust Banks to from Truist Financial Corporation, and established a new corporate headquarters in Charlotte, North Carolina.

Birmingham locations

BB&T had 26 offices in the metropolitan Birmingham area:

References

  • Jarvis, Crystal (August 14, 2009) "It's official: Colonial BancGroup fails." Birmingham Business Journal
  • "BB&T" (December 7, 2009) Wikipedia - accessed December 19, 2009
  • Hubbard, Russell (August 21, 2010) "BB&T says Alabama deposits up one year after Colonial debacle." The Birmingham News
  • Marcinek, Laura and Danielle Kucera (February 6, 2011) "BB&T targets takeovers in Texas, Midwest." Bloomberg News
  • Little, Jane (February 7, 2019) "BB&T merging with SunTrust, establishing HQ in Charlotte." Triad Business Journal
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