WINSTON-SALEM, N.C.,
July 18, 2016 /PRNewswire/
-- BB&T Corporation (NYSE: BBT) today announced the
successful completion of its National Penn conversion including
core systems, products and most signage changes. After a weekend of
conversion activity, 108 branches in Pennsylvania, Maryland and New
Jersey opened today (Monday) under the BB&T banner.
"This is the final step uniting two outstanding companies and
cultures," said Chairman and Chief Executive Officer Kelly S. King. "Clients will be served by the
same bankers they have grown to know and trust in these markets.
Our community banking approach, led by our outstanding local
leadership that understands these markets, can now combine their
superior service and local knowledge with the expanded resources of
a one of the strongest financial institutions in the country."
BB&T's footprint is made up of 26 autonomous community bank
regions – each with its own president – to leverage local market
experience and keep decisions local and close to the clients.
Clients now have access to an expanded network of more than 2,200
branches and more than 3,000 ATMs. Beyond BB&T's retail
offerings, clients have access to a full range of financial
services including commercial banking, wealth management,
insurance, international services, commercial finance, mortgage
servicing, asset management and capital markets.
"In addition to expanded products and services, clients now have
access to our best-in-class digital banking platform, U by
BB&T," King added. "This allows clients to see all their
accounts and financial information in one place."
Other features include the ability to view accounts from other
financial institutions, set financial goals and track your
progress, as well as make person-to-person payments regardless of
where the other person banks. A video demonstration of U by
BB&T's features can be seen here. U by BB&T is available
for download on the iTunes App Store
and Google Play. For more information, visit BBT.com/U.
Associates have trained for months to ensure a smooth transition
for clients. As part of BB&T's long-time conversion process,
"merger buddies," experienced BB&T associates from throughout
the company's footprint, will be in place for the next two weeks
assisting new associates during the transition process.
The National Penn acquisition, which was announced in
August 2015, included approximately
$9.6 billion in assets and
$6.7 billion in deposits as of
Dec. 31, 2015.
About BB&T
BB&T is one of the largest
financial services holding companies in the U.S. with approximately
$212.4 billion in assets and market
capitalization of approximately $26.0
billion as of March 31, 2016.
Based in Winston-Salem, N.C., the
company operates 2,263 financial centers in 15 states and
Washington, D.C., and offers a
full range of consumer and commercial banking, securities
brokerage, asset management, mortgage and insurance products and
services. A Fortune 500 company, BB&T is consistently
recognized for outstanding client satisfaction by the U.S. Small
Business Administration, Greenwich Associates and others. BB&T
has also been named one of the World's Strongest Banks by Bloomberg
Markets Magazine, one of the top three in the U.S. and in the top
15 globally. More information about BB&T and its full line of
products and services is available at BBT.com.
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SOURCE BB&T Corporation