![]() ![]() Commercial Clients, including small, medium, and large enterprises and employers across multiple sectors and.Consumer Clients, including personal banking clients, residential property owners and renters, and other general consumer clients.The Company’s customers can be organised broadly into three categories: The Company has a current market capitalisation of $36.68 billion.īB&T provides a broad portfolio of financial services and banking products and services to individual and business clients. The Company is ranked 273 rd on the Fortune 500 list and trades a portion of its shares on the New York Stock Exchange. Today BB&T is a significant player on the US financial services and banking market, operating an extensive domestic network of branches and offices, and offering a broad range of products and services, including, lending and insurance products. BB&T continued to grow in the latter half of the 20 th Century, largely through various mergers and acquisitions. The Company suffered significantly as a result of the 1929 financial crash, but regained traction during and after World War II. Branch continued to serve as a member of the Company’s leadership team under several iterations, until his death in 1893.īB&T grew substantially throughout the 20 th Century, selling liberty bonds during World War I and growing its assets to exceed $4 million. Branch bought out Hadley's shares in 1887 and renamed the company Branch and Company, Bankers. Financial Services, which provides personal trust administration, estate planning, investment counseling, wealth management, asset management, corporate retirement services, corporate banking and corporate trust services, as well as client investment alternatives, including discount brokerage services, equities, fixed-rate and variable-rate annuities, mutual funds and governmental and municipal bonds.īB&T traces its history back to 1872, when Alpheus Branch (“Branch”) and Thomas Jefferson Hadley (“Hadley”) founded the Branch and Hadley merchant bank in Wilson, North Carolina. ![]() Insurance Services, which comprises the Company’s insurance agency and brokerage network, through which it provides property and casualty, employee benefits and life insurance to businesses and individuals, as well as providing small business and corporate services, such as workers compensation and professional liability and.Specialised Lending, which comprises the Company’s specialty finance units, which provide various specialty products to consumers and businesses.Dealer Financial Services, which originates loans to consumers on a prime and nonprime basis for the purchase of automobiles, as well as originating loans for the purchase of boats and recreational vehicles originated through dealers in BB&T’s market area.Residential Mortgage Banking, which retains and services mortgage loans originated by the Community Banking segment, as well as those purchased from various correspondent originators, including fixed and adjustable rate government and conventional loans for the purpose of constructing, purchasing or refinancing residential properties.Community Banking, which offers a range of loan and deposit products and other financial services to individual and business partners.Business segmentsīB&T organises its operations into six core reportable business segments: BB&T provides a range of financial services, banking, and insurance products to individual, commercial, and institutional clients that are designed to manage, secure, and grow the funds of its clients. ![]()
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