BBT.com Online business banking services & financial solutions
BB&T
BB&T is one of the largest lenders and mortgage lenders in many places in United States. It has got 1,400 branches in the US. BB&T offers a complete package for banking and related financial needs. It provides banking, lending, wealth management, trust and insurance services and solutions to its clients.
BB&T is one of the largest financial houses. It ranks ninth in financial holding. The total assets of the company are over $116 billion.
BB&T is a fast growing, profitable financial corporation which has a good client base and earn good revenues from it. BB&T is more liberal in decision making. Due to its structure, it is able to make decisions locally which helps in doing better business and earn more revenues. It helps to get more customers as they find the solutions customized. Because of this factor a better customer service is possible from BB&T’s side.
It has gained from its acquisition strategy. It acquired several banks and financial companies, insurance companies, non-bank financial service providers which helped it to grow fast and better.
Services
BB&T and its subsidiaries offer various services to the clients. Commercial and retail both type of banking is available with BB&T. Other services include investments, corporate finance, brokerage, treasury service, leasing, international banking and trusting etc.
Solutions and products are available for personal and business needs and clients. In case of personal solutions it will help you in managing your finances, buying a home, managing wealth etc and in products savings, CDs, Mortgages, loans, investment and trust insurance are available. For business, managing the cash flow, financing, growing and protecting business, capital raising are the solution provided by BB&T. Business products include deposit and investment, cash management, loan, employee benefit and trust etc.
History
In the later part of 19th century, in Wilson a company was started which later become BB&T. Alpheus Branch, a local merchant and Thomas Jefferson Hadley started the company. In 1872 they started Branch and Hadley as a banking institution. They took time deposits at first. They paid loans and paid interest on the deposit. Farmers were mainly benefited from the company. The farmer started growing new crops and doing better which helped the economy.
In 1887, branch becomes the sole owner of the business. The name was changed to Branch and Company, bankers. Two years later, the company became Wilson banking and Company. There was several name changes like State Bank of Wilson, then Branch banking and Company. In 1990, all the companies, which till then have grown to bigger sizes, consolidated into a single company.
In the meantime the bank expanded its business to other areas and fields. It started offering savings services and trust department services to the public. It was the first bank to work on trust activities.
Several charter amendments helped the bank to add more products and change names. Finally, in 1913 through a charter amendment, the company got its present name Branch Banking and Trust Company.
Financials
On March 31, 2007, BB&T Corporation had asset worth $121.7 billion. It has approximately 1,450 banking branches in 11 states. Employee number is approximately 30,000. BB&T earned as revenues $9,487.0 million and net income $1,528.0 millionin 2006.
Address
- 3127 Smoketree Ct
- Raleigh NC 27604 US
Contact
- +1 919 791 3332, Fax: +1 919 791 3292
Additional Information
Related Domains
External Links
- Alexa: Bbt.com
- WHOIS for Bbt.com
References
Domain Resolution
This domain resolves to the following IP addresses:
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