Bb&t Capital Markets history

Branch bought out Hadley in 1887 and renamed the bank Branch & Company, Bankers.

Southern National, the fifth largest bank in North Carolina before the merger (BB&T was number four), had been formed in 1897 in Lumberton.

1921 BB&T begins opening branch offices.

1968 Southern National Corporation holding company is incorporated.

1974 Holding company Branch Corporation is formed.

Slow Growth Until 1981

L. Vincent Lowe, Jr., became president and CEO in 1982 upon the death of Thorne Gregory.

1989 BB&T's assets are about $5 billion.

Washington, D.C.'s Franklin Bancorporation Inc. was added in December 1997.

BB&T set up its own venture capital firm in March 1998.

BB&T had a very busy year in 1999, as it expanded on all fronts.

2000 Company enters Tennessee via acquisition of Knoxville bank.

Matching CRC with BB&T's existing retail agencies made sense for both parties, observed American Banker. It picked up Cooney Rikard & Curtin (later renamed CRC Insurance Services Inc.), a Birmingham, Alabama-based insurance wholesaler, in January 2002 for stock worth $86 million.

BB&T announced the purchase of a large Birmingham insurance agency, McGriff, Seibels & Williams, in November 2003.

By the end of 2005, however, the company had already announced another purchase: Atlanta's Main Street Banks Inc., for stock worth about $600 million.

The acquisition of another smaller bank, First Citizens Bancorp of eastern Tennessee, was announced in January 2006.

BB&T is one of the largest financial services holding companies in the United States with $236.8 billion in assets and market capitalization of approximately $40.9 billion as of September 30, 2019.