BB&T Still Prowling for Virginia Market Share

Gillam, Carey, American Banker

John Allison of BB&T Corp. can't seem to get enough of Virginia.

The chief executive officer of the Winston-Salem, N.C., holding company had been aiming to build a $5 billion-asset operation in Virginia.

But last week, just after announcing a deal that would lift $32 billion- asset BB&T over that level, Mr. Allison said he was hungry for more.

"We're looking to continue building our franchise in Virginia," he said in an interview. "We want to be in the top four or five banks there in market share."

BB&T is No. 6 in Virginia, a rank that would not change even after the closing of the $554 million stock deal for MainStreet Financial Corp. of …

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Publication information: Article title: BB&T Still Prowling for Virginia Market Share. Contributors: Gillam, Carey - Author. Magazine title: American Banker. Volume: 163. Issue: 167 Publication date: September 1, 1998. Page number: 1. © 2009 SourceMedia, Inc. COPYRIGHT 1998 Gale Group.

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