BB&T Continues to Expand Insurance Business
Friday, July 18, 2008On June 2, BB&T Insurance Services continued its expansion with the acquisition of UnionBanc Insurance Services Inc. of San Diego, Ca. This acquisition will strengthen BB&T’s overall investment in insurance on the West Coast.
At June 30, BB&T had $136.5 billion in assets and operated 1,489 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. The closing price of BB&T’s common stock on July 16 was $24.50 per share.
For additional information about BB&T’s financial performance, company news, products and services, please visit our Web site at www.BBT.com.
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