BB&T announces $750 million common stock offering

WINSTON-SALEM, N.C., Aug. 17 /PRNewswire-FirstCall/ -- BB&T Corporation (NYSE:
BBT) announced today that it has commenced a public offering of $750 million
of its common stock for sale to the public. The underwriters in the offering
will have a 30-day option to purchase up to an additional 15 percent of the
offered amount of common stock from the company to cover over-allotments, if
any.

Credit Suisse (USA) Securities LLC and Deutsche Bank Securities will act as
joint bookrunning managers for the offering, which will be co-managed by BB&T
Capital Markets.
Proceeds from the sale of the offering will qualify as tangible common equity
and Tier 1 regulatory capital. BB&T intends to use the proceeds of this
offering for general corporate purposes.

This press release does not constitute an offer to sell or a solicitation of
an offer to buy any securities. A registration statement relating to these
securities has been filed with the Securities and Exchange Commission and is
effective.

A written prospectus for this offering meeting the requirements of Section 10
of the Securities Act of 1933 (other than a free writing prospectus as defined
in Securities Act Rule 405) may be obtained from Credit Suisse (USA)
Securities LLC, One Madison Avenue, 1B, New York, NY 10010-3629, or by calling
1-800-221-1037.

A prospective also may be obtained from Deutsche Bank Securities, Harborside
Financial Center, 100 Plaza One, Jersey City, NJ 07311-3988, by calling
1-800-503-4611, by e-mail at prospectusrequest@list.db.com, or from a Deutsche
Bank Securities sales representative.

This news release shall not constitute an offer to sell or a solicitation of
an offer to buy any securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.

At June 30, BB&T had $152.4 billion in assets and operated more than 1,500
banking offices in the Carolinas, Virginia, West Virginia, Kentucky, Georgia,
Maryland, Tennessee, Florida, Alabama, Indiana and Washington, D.C. BB&T's
common stock is traded on the New York Stock Exchange under the trading symbol
BBT.

This press release contains certain forward-looking statements as defined in
the Private Securities Litigation Reform Act of 1995. These statements may
address issues that involve significant risks, uncertainties, estimates and
assumptions made by management. Please refer to BB&T's filings with the SEC
for a summary of important factors that may affect BB&T's forward-looking
statements. BB&T undertakes no obligation to revise these statements following
the date of this press release.

SOURCE BB&T Corporation

ANALYSTS, Tamera Gjesdal, Senior Vice President, Investor Relations,
+1-336-733-3058, Daryl Bible, Sr. Exec. Vice President, Chief Financial
Officer, +1-336-733-3031, or MEDIA, Cynthia Williams, Senior Vice President,
Corporate Communications, +1-336-733-1478, all of BB&T Corporation