BBT BB and T Corporation

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

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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)

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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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