When was bb t founded

Several months later Maryland Federal Bancorp Inc. The company also bought MainStreet Financial Corporation, a community bank which was based in the southwest Virginia town of Martinsville but had offices as far afield as Washington, D. Macon's First Liberty Financial Corporation was also added.

Premier Bancshares, an Atlanta commercial bank, followed. It also instituted an aggressive sales process that was lifting its fee income faster than that of other major banks, Chairman and CEO John A.

Allison IV said in a Newcomen Society address. It employed 13, people at branches in seven states in the Southeast and Mid-Atlantic region, as well as Washington, D. It claimed the largest network of independent insurance agents in the Carolinas. This fell through, but the shopping spree continued, at the rate of seven to ten banks a year.

The purchase of Knoxville's BankFirst Corp. In acquiring banks, it looked for ways to cut costs through layoffs and the like. The process required communicating with hundreds of branches and thousands of customers. It had developed a reputation as one of the most successful integrators of acquired banks in the industry. CRC specialized in excess and surplus insurance. By this time, the company owned 72 agencies in the South and Mid-Atlantic. However, after its largest deal yet, buying Virginia's largest independent bank, First Virginia Banks Inc.

While it was an attractive investment due to its importance in the Virginia, Maryland, and Washington, D. By the end of , however, the company had already announced another purchase: Atlanta's Main Street Banks Inc. The acquisition of another smaller bank, First Citizens Bancorp of eastern Tennessee, was announced in January The company decided to accelerate its construction even more after a consulting firm identified deposits as a more profitable area of activity than lending, where its traditional emphasis lay.

The company had developed a special regimen in the Atlanta market for making new branches profitable within a year, three times faster than average, reported American Banker. With the stock market crash of , banks that had invested heavily in stocks began to fail. From January to January , state banks in North Carolina failed.

By Dec. The period that followed saw even greater growth, more branches and the opening of a bond department. World War II brought government bonds, investments from other banks and a wartime prosperity that caused people to save because few consumer goods were available. The acquisition of One Valley Bancorp Inc. Petersburg, Fla. Agricultural Bank of China history, profile and history video Agricultural Bank of China engages in the provision of international commercial banking and financial services.

The company operates its business through It was founded in Ally Financial, Inc. Attijariwafa Bank profile and corporate video Attijariwafa Bank is engaged in the provision of international commercial banking services. It operates through the following business areas: Domestic Banking, Europe and Added by chcom. Simple Beginnings. Show more Show less. Agricultural Bank of China chcom 8 years ago 0 Views 0 Likes Agricultural Bank of China history, profile and history video Agricultural Bank of China engages in the provision of international commercial banking and financial services.

Attijariwafa Bank chcom 8 years ago 0 Views 0 Likes Attijariwafa Bank profile and corporate video Attijariwafa Bank is engaged in the provision of international commercial banking services. Hugh T. Lefler, ed. Reconstruction Post War 20th Century Banks and banking. UNC Press. Orvedahl, Ginny. McGee, Barry. Origin - location:. Wilson County.