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Share Name | Share Symbol | Market | Type |
---|---|---|---|
BB and T Corporation | NYSE:BBT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 54.24 | 0 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________
Form 8-K
Current Report
______________
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
March 11, 2015
Date of Report (Date of earliest event reported)
BB&T Corporation
(Exact name of registrant as specified in its charter)
Commission file number : 1-10853
______________
North Carolina | 56-0939887 |
(State of incorporation) | (I.R.S. Employer Identification No.) |
200 West Second Street | |
Winston-Salem, North Carolina | 27101 |
(Address of principal executive offices) | (Zip Code) |
(336) 733-2000
(Registrant's telephone number, including area code)
______________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 7.01 | Regulation FD Disclosure |
On March 11, 2015, BB&T Corporation announced that the Board of Governors of the Federal Reserve System accepted its capital plan and did not object to its proposed capital actions.
The information in Items 7.01 and 9.01 of this report is being “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such a filing. None of the information available through the attached press release shall be deemed incorporated by reference herein.
ITEM 9.01 | Financial Statements and Exhibits |
Exhibit No. | Description of Exhibit |
99.1 | Copy of press release announcing that the Board of Governors accepted BB&T Corporation’s capital plan. |
S I G N A T U R E
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BB&T CORPORATION | |
(Registrant) | |
By: /s/ Cynthia B. Powell | |
Cynthia B. Powell | |
Executive Vice President and Corporate Controller | |
(Principal Accounting Officer) |
Date: March 12, 2015
Exhibit 99.1
March 11, 2015
FOR IMMEDIATE RELEASE
Contacts: | ||||||
Alan Greer | Tamera Gjesdal | Cynthia Williams | ||||
Executive Vice President | Senior Vice President | Senior Executive Vice President | ||||
BB&T Investor Relations | BB&T Investor Relations | BB&T Corporate Communications | ||||
(336) 733-3021 | (336) 733-3058 | (336) 733-1470 | ||||
AGreer@BBandT.com | TGjesdal@BBandT.com | Cynthia.Williams@BBandT.com |
BB&T announces Federal Reserve’s response to its CCAR capital plan
WINSTON-SALEM, N.C. – BB&T Corporation (NYSE: BBT) today announced the board of governors of the Federal Reserve System accepted its capital plan and did not object to its proposed capital actions.
The capital actions include a recommendation to increase the quarterly dividend $0.03 to $0.27, a 12.5% increase. This action will be considered by the board at its April 27 meeting. The plan also incorporates other uses of capital including the three announced acquisitions (Citi Texas branches, The Bank of Kentucky and Susquehanna Bancshares Inc.) and cumulative share buybacks of up to $820 million beginning in the third quarter of 2015.
“We are pleased to receive the Federal Reserve’s non-objection to move forward with our capital plan and to reward our shareholders,” said Chairman and Chief Executive Officer Kelly S. King. “This demonstrates BB&T’s strength and our continued use of resources to benefit our shareholders and grow our company in a way that supports our communities and clients.”
BB&T submitted its capital plan, approved by its board of directors, to the Federal Reserve, FDIC and the North Carolina Commissioner of Banks in January 2015 as part of the Comprehensive Capital Analysis and Review of 31 bank holding companies.
About BB&T
BB&T is one of the largest financial services holding companies in the U.S. with $186.8 billion in assets and market capitalization of $28.0 billion, as of December 31, 2014. Based in Winston-Salem, N.C., the company operates 1,839 financial centers in 12 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 recognized consistently for outstanding client satisfaction by the U.S. Small Business Administration, Greenwich Associates, and others. More information about BB&T and its full line of products and services is available at BBT.com.
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