bb&t

Unlocking Financial Freedom: Why BB&T is Your Bank of Choice!

BB&T, now Truist Financial Corporation, is a trusted American banking institution, offering a comprehensive range of financial services. From personal savings and checking accounts to wealth management, mortgages, and business services, BB&T ensures secure and seamless financial solutions. Focused on building strong client relationships, it's a brand synonymous with reliability, innovation, and customer-centric banking.

Brand Name BB&T (Branch Banking and Trust Company)
Type Subsidiary
Industry Banking, Financial services
Founded 1872
Headquarters Truist Center, Charlotte, North Carolina, U.S.
Key People Kelly S. King (Chairman and CEO)
Services Commercial banking, Retail banking, Asset management, Insurance, Investments
Parent Truist Financial
Area Served United States (Nationwide)
Number of Locations 2,049 branches, 3,106 ATMs (as of 2019)
Revenue US$11.6 billion (2019)
Net Income US$3.6 billion (2019)
Total Assets US$481 billion (2019)
Total Equity US$59.7 billion (2019)
Number of Employees ~37,000 (as of 2019)
Website www.bbt.com

    Comprehensive Banking Solutions

    BB&T provides a wide array of banking solutions that are designed to meet your unique financial needs. From checking and savings accounts to credit cards and loans, BB&T has the products and services you need to manage your finances effectively. Read more

    Innovative Online Banking

    With BB&T's cutting-edge online banking platform, you can manage your accounts, pay bills, transfer funds, and do much more from the comfort of your own home. Their secure system ensures that your financial information is always protected. Read more

    Personalized Customer Service

    At BB&T, customer service is not just a department, it's a commitment. Their team of experts is always ready to provide personalized assistance and answer any questions you may have about their products or services. Read more

    Competitive Interest Rates

    Whether you're looking for a savings account or a mortgage loan, BB&T offers competitive interest rates that can help you grow your money or save on your monthly payments. Read more bb&t

    Diverse Loan Options

    BB&T offers a variety of loan options to suit different financial situations and goals. From personal loans to home equity loans, you'll find a solution that fits your needs. Read more

    Robust Investment Services

    BB&T's investment services are designed to help you reach your financial goals. Whether you're planning for retirement or looking to grow your wealth, their financial advisors can provide expert guidance and strategies. Read more

    Secure Credit Card Options

    BB&T offers a range of credit cards with various benefits and features. Whether you want cash back, travel rewards, or a low-interest rate, you can find a BB&T credit card that fits your lifestyle. Read more

    Convenient Mobile Banking

    With BB&T's mobile banking app, you can manage your finances on the go. Check your balance, pay bills, deposit checks, and more, all from your smartphone or tablet. Read more bb&t

    Financial Education Resources

    BB&T is committed to helping its clients make informed financial decisions. They offer a wealth of resources, including articles, videos, and interactive tools, to help you understand more about personal finance. Read more

    Trustworthy Brand

    BB&T has a long history of serving the community and has built a reputation for trustworthiness and reliability. When you choose BB&T, you're choosing a bank that values integrity and puts its customers first. Read more

    Facts

    1. A Historic Foundation: BB&T, also known as Branch Banking and Trust, is one of the oldest banks in the United States. It was founded in 1872 in Wilson, North Carolina and has grown steadily over the years. It's a symbol of resilience, having survived the Great Depression and several economic recessions.
    2. Impressive Growth: From a humble start as a small-town bank, BB&T has grown into a national banking giant. Today, it has over 2,000 branches spread across 15 states and Washington D.C. This enormous growth reflects the bank's commitment to customer service and innovative banking solutions.
    3. Merger with SunTrust: In 2019, BB&T merged with SunTrust to form Truist Financial Corporation. This merger was one of the biggest in the banking industry, creating the sixth-largest bank in the United States by assets and deposits.
    4. Wide Range of Services: BB&T offers a diverse range of services. These include personal banking, business banking, investments, insurance, and wealth management. This wide range of services makes it a one-stop-shop for all your financial needs.
    5. Commitment to Community: BB&T has a strong commitment to supporting the communities where it operates. It has donated millions of dollars to charitable causes and runs several programs to promote financial literacy and economic development.
    6. High-Quality Customer Service: BB&T has built a reputation for providing high-quality customer service. This is reflected in its strong customer satisfaction scores and industry awards. It's committed to providing a personalized banking experience that meets the unique needs of each customer.
    7. Strong Online Presence: BB&T has embraced technology to provide convenient banking solutions. It offers online banking, mobile banking, and a range of digital tools to help customers manage their finances. It's at the forefront of the digital banking revolution.
    8. Commitment to Security: BB&T takes the security of customer information very seriously. It has stringent security measures in place to protect against fraud and identity theft. Customers can bank with confidence, knowing their information is safe.
    9. Focus on Sustainability: BB&T is committed to sustainable banking practices. It has implemented various initiatives to reduce its environmental footprint and promotes sustainable development through its lending practices.
    10. Employee Development: BB&T believes in investing in its employees. It offers numerous training and development programs to help employees enhance their skills and grow their careers. This focus on employee development contributes to the bank's high employee satisfaction scores.

    Vocabulary

    BB&T – A banking and financial services company based in the United States.

    Checking Account – An account at a bank against which checks can be drawn by the account depositor.

    Savings Account – A bank account that earns interest.

    Mortgage – A loan to finance the purchase of real estate, usually with specified payment periods and interest rates.

    Credit Card – A plastic card issued by a bank, business, etc., for the purchase of goods or services on credit.

    Online Banking – A system allowing individuals to perform banking activities at home, via the internet.

    Mobile Banking – A service provided by a bank or other financial institution that allows its customers to conduct financial transactions remotely using a mobile device.

    Personal Loan – A loan that establishes consumer credit that is granted for personal use; usually unsecured and based on the borrower's integrity and ability to pay.

    Business Banking – A company's financial dealings with an institution that provides business loans, credit, and savings and checking accounts specifically for companies and not for individuals.

    Investment Services – Services offered by banks and other institutions, which aim to help individuals grow their wealth.

    Retirement Account – A form of individual retirement plan, provided by many financial institutions, that provides tax advantages for retirement savings in the United States.

    Certificate of Deposit – A certificate issued by a bank to a person depositing money for a specified length of time.

    Auto Loan – A loan to finance a car.

    Home Equity Loan – A type of loan in which the borrower uses the equity of his or her home as collateral.

    Insurance – A contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses.

    Wealth Management – A high-level professional service that combines financial and investment advice, accounting and tax services, retirement planning, and legal or estate planning.

    Direct Deposit – The electronic transfer of a payment directly from the account of the payer to the recipient's account.

    Overdraft Protection – A line of credit that banks offer to their customers to cover their overdrafts.

    Money Market Account – An interest-bearing account that typically pays a higher interest rate than a savings account.

    Wire Transfer – An electronic transfer of money from one person or entity to another.

    Cashier's Check – A check guaranteed by a bank, drawn on its own funds and signed by a cashier.

    Credit Score – A number assigned to a person that indicates to lenders their capacity to repay a loan.

    Debit Card – A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.

    Financial Advisor – A professional who provides financial services to clients based on their financial situation.

    Loan Officer – A representative of a bank, credit union, or other financial institution who finds and assists borrowers in acquiring loans.

    Bank Teller – An employee of a bank who deals directly with customers.

    ATM – Automated Teller Machine, a machine that dispenses cash or performs other banking services when an account holder inserts a bank card.

    Interest Rate – The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

    Credit Report – A detailed report of an individual's credit history.

    Bank Branch – A physical location of a banking corporation, such as BB&T.

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