Introduction
BB&T is a financial holding company based in North Carolina, United States, that provides various banking and financial services to individuals, businesses, and corporations. Established in 1872, BB&T has grown to become one of the largest banks in the country, with over 2,000 branches spread across 15 states.
History
BB&T was founded in Wilson, North Carolina, by Alpheus Branch and Thomas Jefferson Hadley in 1872. It started as a small local bank, but gradually expanded its services and locations over the years. The bank faced several challenges, including the Great Depression and the 2008 financial crisis, but managed to survive and emerge stronger each time.
Services Offered
BB&T offers a wide range of financial services, including personal banking, business banking, wealth management, and insurance. Their personal banking services include checking and savings accounts, loans, mortgages, credit cards, and online banking. Business banking services include commercial loans, treasury management, merchant services, and employee benefits. Wealth management services include investment management, trust and estate planning, and private banking. Finally, their insurance services include property and casualty insurance, life insurance, and employee benefits.
Online Banking
BB&T offers online banking services that allow customers to manage their accounts and perform various transactions from the comfort of their homes. Customers can check their account balances, transfer funds, pay bills, and view transaction history using their computer or mobile device. BB&T’s online banking is secure and easy to use, with a user-friendly interface and 24/7 customer support.
Mobile Banking
BB&T also offers mobile banking services that allow customers to access their accounts using their smartphones or tablets. Customers can perform various transactions, such as depositing checks, paying bills, and transferring funds, using the BB&T mobile app. The app is available for both iOS and Android devices and is free to download.
BB&T and SunTrust Merger
In 2019, BB&T announced its merger with SunTrust Banks, Inc., another large financial institution based in Atlanta, Georgia. The merger created a new company called Truist Financial Corporation, which is now the sixth-largest bank in the United States. The merger was aimed at increasing efficiency, improving customer service, and expanding the company’s reach.
Conclusion
BB&T is a well-established financial institution that offers a wide range of banking and financial services to individuals, businesses, and corporations. With its online and mobile banking services, BB&T has made it easy and convenient for customers to manage their accounts and perform various transactions from anywhere. The recent merger with SunTrust has further strengthened the company’s position in the market, and it is expected to continue growing and expanding its services in the years to come.
