This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

BB&T To Launch Major Expansion In Texas

DALLAS, Nov. 1, 2012 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) announced today it is continuing its expansion in Texas and will open 30 new financial centers focusing on commercial and small business lending. The branches, which will be in Dallas/Fort Worth, Houston, San Antonio and Austin, will double BB&T's banking presence in Texas. BB&T expects to open most of the financial centers during 2013. The branch openings are subject to regulatory approval.

"The BB&T brand is gaining great traction in Texas, and our success with the community bank has been truly phenomenal," said BB&T Texas Region President Kay St.John. "Our deposits in Texas have grown by 68 percent since 2009, and our loan portfolio stands at $1.65 billion. These four cities are densely rich commercial and small business markets representing many of the highest potential growth areas within BB&T's entire footprint."

BB&T expects to open approximately 11 new branches in Dallas/Fort Worth, 11 in Houston, and up to four in each Austin and San Antonio. This represents an investment of more than $40 million and will target vacated properties such as former bank branch and office locations rather than new construction. The expansion initially will result in approximately 150 new jobs, and this number is expected to increase as BB&T continues to grow in the state, according to St.John.

"We believe this expansion will help local economies not only in the short-term, with the build-out of the new financial centers, but long-term as BB&T continues to expand and grow organically," St.John said.

Stock quotes in this article: BBT 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs