NOTE 2. Business Combinations and Intangible Assets

     Acquisitions

          During the first six months of 2009, BB&T acquired certain assets of an insurance premium financing business. Approximately $8 million of goodwill and $6 million of identifiable intangibles were recorded in connection with this transaction.

     Goodwill and Other Intangible Assets

          The changes in the carrying amount of goodwill attributable to each of BB&T’s operating segments for the six months ended June 30, 2009, are as follows:

		Goodwill Activity by Operating Segment
				Residential
		Banking		Mortgage			Sales	Specialized		Insurance			Financial		All
		Network		Banking			Finance	Lending		Services			Services		Other		Total
		(Dollars in millions)
Balance,
January 1, 2009	$	4,038		$	7	$	93	$	98	$	1,029	$	192	$	26	$	5,483
Acquisitions		-			-		-		8		-		-		-		8
Other
adjustments		(2	)		-		-		2		-		-		-		-
Balance,
June 30, 2009	$	4,036		$	7	$	93	$	108	$	1,029	$	192	$	26	$	5,491

          The following table presents the gross carrying amounts and accumulated amortization for BB&T’s identifiable intangible assets subject to amortization at the dates presented:

		Identifiable Intangible Assets
		As of June 30, 2009							As of December 31, 2008
		Gross				Net			Gross				Net
		Carrying	Accumulated			Carrying			Carrying	Accumulated			Carrying
		Amount	Amortization			Amount			Amount	Amortization			Amount
		(Dollars in millions)
Identifiable intangible assets
Core deposit intangibles	$	457	$	(341	)	$	116	$	457	$	(325	)	$	132
Other (1)		723		(342	)		381		719		(309	)		410
Totals	$	1,180	$	(683	)	$	497	$	1,176	$	(634	)	$	542
(1) Other identifiable intangibles are primarily customer relationship intangibles.