BB&T’s roots stretch back to the post Civil War era of North Carolina. The bank started out in 1872 as place area farmers could borrow money at reasonable interest to buy seed, fertilizer and other necessities. BB&T survived financial disasters including the Great Depression and became North Carolina’s fourth-largest bank by 1994.
In 1995, BB&T and Winston-Salem-based Southern National Corporation merged. The bank has steadily grown over the years, regularly acquiring competitors and entering new markets in the East Coast, Midwest and South.
BB&T holds $222.9 billion in assets as of September 30, 2018. The bank operates more than 1,900 financial centers in 15 states and Washington, D.C. Members have access to about 2,500 ATMs across the BB&T footprint.
Customers of BB&T are offered a wide range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending.
BB&T is an accessible, one-stop-shop option for people looking for a financial institution in certain states in the Midwest, South and East Coast. However, those looking for high-interest rates on their deposit accounts might find better APYs at other financial institutions.