Key Developments: BB&T Corp (BBT)

BBT on New York Consolidated

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27 Aug 2015
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Latest Key Developments (Source: Significant Developments)

BB&T Corporation declares fourth-quarter dividends
Tuesday, 21 Oct 2014 03:46pm EDT 

BB&T Corporation:Declares following regular quarterly dividends payable Dec. 1, to shareholders of record on Nov. 7.Declares dividend of $0.24 per common share.Declares dividend of $365.625 per share (equivalent to $0.365625 per depositary share or 1/1,000thinterest per share) on BB&T's Series D Non-Cumulative Perpetual Preferred Stock.Declares dividend of $351.5625 per share (equivalent to $0.3515625 per depositary share or 1/1,000thinterest per share) on BB&T's Series E Non-Cumulative Perpetual Preferred Stock.Declares dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000thinterest per share) on BB&T's Series F Non-Cumulative Perpetual Preferred Stock.Declares dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000thinterest per share) on BB&T's Series G Non-Cumulative Perpetual Preferred Stock.  Full Article

BB&T to acquire The Bank of Kentucky Financial Corp
Monday, 8 Sep 2014 09:15am EDT 

BB&T Corp:Says the company and The Bank of Kentucky Financial Corporation announces the signing of a definitive agreement under which BB&T will acquire The Bank of Kentucky in a cash and stock transaction for total consideration valued at about $363 million.Says in connection with the acquisition, BB&T announced the creation of a new banking region encompassing Northern Kentucky and Cincinnati.  Full Article

BB&T Corp to acquire additional Texas branches from Citibank
Wednesday, 3 Sep 2014 09:00am EDT 

BB&T Corp:Signing of an agreement to acquire 41 branches in Texas from Citibank.Acquisition includes Citibank retail branches in Dallas, Houston, Midland and Odessa markets, including $2.3 bln in deposits and $87 mln in loans.Company will pay a premium to book value of about 5.3 percent of total deposits.Transaction represents strategically compelling addition to June 2014 acquisition of 21 branches and $1.2 bln in deposits primarily in Austin, Bryan-College Station and San Antonio markets.Pro forma for this transaction, BB&T will have about 123 branches and $5.3 bln of deposits in Texas.  Full Article

BB&T Corp names Brown as president
Wednesday, 27 Aug 2014 07:30am EDT 

BB&T Corp:Named Ricky K. Brown as president, Branch Banking and Trust Company Inc.Brown succeeds Rob Greene.The announcement is effective immediately.  Full Article

BB&T Corp's Sheffield Financial and Suzuki Motor of America, Inc. sign two-year financing services agreement
Monday, 14 Jul 2014 01:35pm EDT 

BB&T Corp:Says Sheffield Financial, division of Branch Banking and Trust Company, which is a subsidiary of BB&T Corporation renewed its financing services agreement with Suzuki Motor of America, Inc. for an additional two years effective immediately.New contract covers installment financing for Suzuki motorcycles, scooters and ATVs distributed in the United States through a network of authorized Suzuki dealers.  Full Article

BB&T Corp declares 4.3 pct increase in common dividend per share
Tuesday, 29 Apr 2014 02:23pm EDT 

BB&T Corp:Declares the following regular quarterly dividends payable June 2, to shareholders of record at the close of business May 16.A dividend of $0.24 per common share, a 1-cent, or 4.3-percent, increase from the prior quarterly common dividend and a 1-cent increase from the same quarter a year ago.A dividend of $365.625 per share (equivalent to $0.365625 per depositary share or 1/1,000thinterest per share) on BB&T's Series D Non-Cumulative Perpetual Preferred Stock.A dividend of $351.5625 per share (equivalent to $0.3515625 per depositary share or 1/1,000thinterest.Says a Dividend of $325.000 per share on BB&T's Series F Non-Cumulative Perpetual Preferred Stock.Says A dividend of $325.000 per share on BB&T's Series G Non-Cumulative Perpetual Preferred Stock.  Full Article

BB&T Corp 's McGriff, Seibels & Williams Inc acquire Caledonian Insurance Group
Wednesday, 2 Apr 2014 09:52am EDT 

BB&T Corp:McGriff, Seibels & Williams Inc, subsidiary acquires Caledonian Insurance Group Inc. of Mercer Island, near Seattle.Transaction was completed on April 1.  Full Article

BB&T subsidiay to acquire Woodbury & Co.
Thursday, 27 Mar 2014 10:45am EDT 

BB&T Corp:BB&T Insurance Services to expand its presence on the Carolina coasts with the acquisition of Woodbury & Co. of Wilmington, N.C., and Myrtle Beach, S.C.Transaction is scheduled to be completed April 1.Terms were not disclosed.  Full Article

BB&T Corp gives FY 2014 revenue outlook - Conference Call
Tuesday, 11 Feb 2014 12:00pm EST 

BB&T Corp:Expects FY 2014 revenue to be flattish, for two reasons.Says one is mortgage decline, FY 2014 versus FY 2013, and this is the last year of its substantial decline in purchase accounting from the covered loan portfolio.The company reported revenue of $9.699 bln in FY 2013.FY 2014 revenue of $9.547 bln - Thomson Reuters I/B/E/S.  Full Article

BB&T Corp declares first-quarter dividends
Tuesday, 28 Jan 2014 01:32pm EST 

BB&T Corp:Declares the following regular quarterly dividends payable Mar. 3 to shareholders of record at the close of business Feb. 14.A dividend of $0.23 per common share.A dividend of $365.625 per share (equivalent to $0.365625 per depositary share or 1/1,000th interest per share) on BB&T's Series D non-cumulative perpetual preferred stock.A dividend of $351.5625 per share (equivalent to $0.3515625 per depositary share or 1/1,000th interest per share) on BB&T's Series E non-cumulative perpetual preferred stock.A dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000th interest per share) on BB&T's Series F non-cumulative perpetual preferred stock.A dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000th interest per share) on BB&T's Series G non-cumulative perpetual preferred stock.  Full Article

BB&T to buy National Penn Bancshares for about $1.8 billion

- BB&T Corp said it would buy National Penn Bancshares Inc in a cash-and-stock deal for about $1.8 billion to expand in the U.S. Mid-Atlantic region.

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