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BB&T Bank – The Most Prominent Financial Services Company in the US
BB&T Corporation, also famous as Branch Banking and Trust, emerges as the largest growing company of financial service holding in US with a strong presence of 2200 centers across different corners of the country. Having a huge history of 144 years behind its existence, the company still strives to expand its reach to people across the world.
Its current financial status
Being a public sector company traded under the NYSE (New York Stock Exchange) with ticker name BBT, the company holds a strong reputation in the market. It occupies the 273rd position in the list of Fortune 500 companies with annual revenue of $10,346 million that accounts for a revenue growth of 4.25%. It also depicts a total market value of the company as $25,966 million which combines overall assets of $209,947 million.
Considering its assets in the year 2015, the Forbes listed the company on 36th position. However, according to the latest analysis of Forbes, BB&T ranks 274 in the list of Global 2000 companies with a total sale or revenue of $10.58 billion. Not only this, the company also occupies 858 rank in terms of sales, 292 rank in terms of profit, 132 rank in terms of assets and 348 rank in terms of market value.
Furthermore, with employee strength of 37,200, the company ranks 341 in terms of having the best employers in America.
How it originated?
The origin of BB&T (Branch Banking and Trust) holds a long history dating back to the year 1872 by Thomas Jefferson Hadley and Alpheus Branch with the name of Branch and Hadley Merchant bank at Wilson, North Carolina. In the year 1887, the branch sold out the shares of Hadley and renamed the back to Branch and company, Bankers.
Further after two years, Branch, Joshua Barnes (his father-in-law), Hadley and three more people secured a distinctive charter for the operation of Wilson Banking & Trust Company from North Carolina General Assembly. Undergoing numerous changes in the name, the company finally agreed to name the bank as BB&T (Branch Banking & Trust Company).
In the year 1922, the company added its first insurance division to it that followed by the introduction of mortgage division in the year 1923. Its survival even in the adverse situation of Stock market crash in the year 1929 shows its tremendous strength to achieve huge growth in the industry. The overall prosperity of the company continued to grow even during the 1960s as well as 1970s.
The year 1994 marked a big achievement for the company when it became the largest bank of North Carolina. Having its headquarters in Winston-Salem, North Carolina, US, the company serves a vast area of Maryland, Virginia, Tennessee, Florida, Georgia, Texas, Washington DC, New Jersey and more.
Being a crucial part of the insurance, finance and investment industry, BB&T Corporation at present operates more than 2,200 financial centers across 15 states of US and Washington DC. The company’s growth prospective does not end here. In fact, it is rigorously seeking for ideal properties on lease to open its new financial centers worldwide. The investors who are interested in doing business with the bank and have sufficient property to rent on lease can contact the officials directly.
Furthermore, as per the corporate lease guarantee agreement of the company, the minimum tenure of the lease agreement is 15 to 20 years and it can further be extended as per your suitability and preference of choice. It also assures of increasing the rent on the completion of every 5 year by 10%. To become a crucial part of the bank, you need to invest a minimum amount of $1.5M to $4M with its capital rate ranging from 4.5% to 5.50%.
BB&T Bank Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming