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BB&T sold Liberty Bonds during World War I and grew to have more than $4 million in assets by 1923. BB&T Insurance Services was added in 1922 and a mortgage division was added in 1923. Even though banks across the United States failed as a result of the 1929 Stock Market Crash, BB&T survived; it was the only one to do so in the town of Wilson. [14]
If you live near a BB&T branch — which you can determine using the bank’s locator — one of the easiest ways to apply is to visit the branch in person. Simply let them know you’re there for ...
In February 2019, SunTrust Banks announced its pending purchase by BB&T for $28 billion in an all-stock deal, creating the sixth largest U.S. lender, being the biggest bank deal since the 2007-2008 financial crisis. [6] On December 6, 2019, the merger between BB&T and SunTrust closed, forming Truist Financial Corporation. [7]
BB&T sold Liberty Bonds during World War I and grew to have more than $4 million in assets by 1923. BB&T Insurance Services was added in 1922 and a mortgage division was added in 1923. Even though banks across the United States failed as a result of the 1929 Stock Market Crash, BB&T survived; it was the only one to do so in the town of Wilson. [5]
The merger of Southern National Bank and BB&T, which resulted in a name change to BB&T Center, meant that BB&T increased its space to 59,000 square feet (5,500 m 2), and NationsBank took 285,000 square feet (26,500 m 2), but 166,181 sq ft (15,438.7 m 2) still remained vacant. Among the building's problems were the facts that most of the floor ...
In 1997, Southern National Corp. of Winston-Salem, North Carolina, which operated as BB&T, acquired UCB in a $985 million deal. [3] [5] Starting September 22, 1997, 91 UCB branches began the process of changing to BB&T, and 67 other branches of the two banks closed starting in October because they were close to other BB&T locations.
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At the time of the sale, Bank of America occupied 322,311 square feet (29,943.7 m 2), [25] and the building was 94% leased. [26] On 12 June 2019, it was announced that Truist Financial, a bank holding company to be formed from the merger of BB&T and SunTrust Banks, had selected Hearst Tower for its future new corporate headquarters. [27]