WINSTON-SALEM, N.C.,
Nov. 9, 2015 /PRNewswire/
-- BB&T Corporation (NYSE: BBT) today announced the
successful completion of its Susquehanna conversion including core systems,
products, and most signage changes. After a weekend of conversion
activity, 239 branches in Pennsylvania, Maryland, New
Jersey, and West Virginia
opened today (Monday) under the BB&T banner.
"We are very excited to take our final step in this merger of
two great companies and cultures," said Chairman and Chief
Executive Officer Kelly S. King.
"The signage may change and the products may have different names,
but more importantly, our clients will continue to be served in an
exceptional way by the same friendly faces led by our outstanding
local leadership teams."
To ensure a smooth transition, associates have trained for
months to prepare for this day. BB&T also has teams of "merger
buddies" at all locations to provide conversion support. These
merger buddies are experienced BB&T associates from throughout
the company's footprint who worked alongside branch teams during
the weekend to prepare for today's opening. Many of the merger
buddies will remain onsite this week to support branch
associates.
With BB&T's community banking approach, clients now have
access to an expanded network of 2,150 branches and 3,300 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.
"I'm also excited our clients now have access to our new digital
banking platform, U by BB&T," King added. "The free
customizable digital banking platform makes many of BB&T's
Online banking services, as well as new feature, available in one
seamless experience."
With U by BB&T, clients can 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 now available for download on the iTunes
App Store and Google Play. For more
information, visit BBT.com/U.
The Susquehanna acquisition,
which was announced in November 2014,
included approximately $14.1 billion
in deposits and total assets of $18.2
billion based on Aug. 1, 2015,
balances. BB&T received the required regulatory approvals for
the acquisition earlier this year.
As part of the conversion, BB&T has created three new
community banking regions – Western
Maryland and Pennsylvania,
Central Pennsylvania, and the
Greater Delaware Valley. In addition, the former BB&T and
Susquehanna regions have been
consolidated to form a new Maryland Region.
About BB&T
BB&T is one of the largest
financial services holding companies in the U.S. with approximately
$208.8 billion in assets and market
capitalization of approximately $27.8
billion, as of Sept. 30, 2015.
Based in Winston-Salem, N.C., the
company operates 2,150 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