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BB&T Corp.

BB&T Corp.

Sector: Offices Of Bank Holding Companies Region: NC, United States


: | New York Stock Exchange: BBT.PRF | New York Stock Exchange: BBT.PRG | New York Stock Exchange: BBT.PRE | New York Stock Exchange: BBT | New York Stock Exchange: BBT.PRD


BB&T Corp. operates as a holding company for Branch Banking & Trust Co. The company conducts its business operations primarily through its commercial bank subsidiary, Branch Bank, and other non-bank subsidiaries. It operates through seven segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, Financial Services and Other, Treasury & Corporate. The Community Banking segment serves individual and business clients by offering a variety of loan and deposit products and other financial services. It is also responsible for serving client relationships. The Residential Mortgage Banking segment retains and services mortgage loans originated by the banking network as well as those purchased from various correspondent originators. Its Mortgage loan products include fixed and adjustable rate government and conventional loans for the purpose of constructing, purchasing or refinancing residential properties. The Dealer Financial Services segment originates loans to consumers for the purchase of automobiles. It also originates loans for the purchase of boats and recreational vehicles. The Specialized Lending segment consist of eight business units that provide specialty finance products to consumers and businesses. These business units are a combination of internal business units and operating subsidiaries of either the corporation or the Bank. The internal business units include Commercial Finance that contains commercial finance and mortgage warehouse lending; and, Governmental Finance that is responsible for tax-exempt government finance. The Insurance Services segment provides property and casualty, life and health insurance to businesses and individuals. It also provides small business and corporate products, such as workers compensation and professional liability, as well as surety coverage and title insurance. The Financial Services segment provides personal trust administration, estate planning, investment counseling, wealth management, asset management, employee benefits services, corporate banking and corporate trust services to individuals, corporations, institutions, foundations and government entities. It also offers clients investment alternatives, including discount brokerage services, equities, fixed-rate and variable-rate annuities, mutual funds and governmental and municipal bonds. Other, Treasury & Corporate is the combination of the other segment that represents operating entities that do not meet the quantitative or qualitative thresholds for disclosure. BB&T was founded in 1872 and is headquartered in Winston-Salem, NC.

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