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BB&T To Launch Major Expansion In Texas

Stock quotes in this article: BBT

BB&T's community banking model divides its footprint into 36 regions, each headed by a community bank president. This ensures decisions are made locally and each president is responsible for making certain BB&T is as responsive as possible to each client's needs.

BB&T's Texas presence is widespread with more than 1,200 employees. Its auto loan subsidiary, Regional Acceptance Corporation, has a major call center in Arlington and offices in Plano, Houston and San Antonio with more than 200 employees. Through its wholesale and specialty insurance group, BB&T operates eight offices with more than 350 employees. BB&T currently has extensive risk management capabilities in Houston through its team of insurance industry specialists at McGriff, Seibels and Williams, an insurance subsidiary of BB&T.

Also in Texas, BB&T Wealth operates in Dallas, and BB&T Capital Markets has a dedicated energy lending team in Houston. BB&T Corporate Banking and Investments has a banking and financial advisory service team in Houston, which serves the senior-living industry. Grandbridge Real Estate Capital,one of the nation's largest full-service commercial real estate finance firms, has offices in Dallas and Houston.

BB&T entered the Texas banking market in August 2009 with the acquisition of Colonial Bank. At that time, BB&T had 19 branches in the Dallas/Fort Worth Metropolis and three branches in Austin with 80 full-time employees. Today, BB&T's community banking employee base in Texas has more than doubled with more than 200 full-time employees. BB&T currently has 27 full-service branches and will open two additional financial centers in November.

About BB&T BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with $182.0 billion in assets and market capitalization of $23.2 billion, as of Sept. 30, 2012. Based in Winston-Salem, N.C., the company operates approximately 1,850 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at www.BBT.com.

SOURCE BB&T Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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