BB&T creates new Texas Region, includes Houston, Austin, San Antonio

WINSTON-SALEM, N.C. – BB&T Corporation (NYSE: BBT) announced today it is creating a new South Texas region that will include Houston, Austin and San Antonio. Previously, BB&T considered the entire state of Texas a single region. Bill Toomey has been named South Texas regional president effective Jan. 1, 2013.

 

“By dividing Texas into two regions we will be better positioned to strategically focus on maximizing opportunities and maintaining our high service standards to existing clients,” said Louis Moore, Community Banking executive vice-president. “We are extremely pleased to have Bill Toomey lead our initiative in this very important part of Texas.”

 

Kay St.John will remain regional president of the North Texas region based in Dallas.

 

BB&T’s community banking model now divides its footprint into 37 regions, each headed by a community bank president. This ensures decisions are made locally, and each president is responsible for making certain BB&T is as responsive as possible to each client's needs.

 

Bill Toomey joined BB&T in 1999 through its Leadership Development Program. He has worked in commercial lending roles in Myrtle Beach, S.C., and Richmond, Va., as well as on  BB&T’s Capital Markets’ team in investment banking in Richmond. In 2008, Toomey became the Baltimore city executive and served in that role until late 2011 when he became BB&T’s Baltimore Metro regional president. Toomey is actively involved in numerous civic organizations in Baltimore including Cystic Fibrosis of Central Maryland; Kennedy Krieger Hospital; Maryland Zoo and the Greater Baltimore Committee. He earned his bachelor’s degree from Hampden-Sydney College and holds an MBA from the Moore School of Business at the University of South Carolina. He is married and has three children.

 

BB&T recently announced its continued expansion in Texas with the opening of 30 new financial centers focusing on commercial and small-business lending. The branches, which will be in Dallas/Fort Worth, Houston, San Antonio and Austin, will double BB&T’s banking presence in Texas. BB&T expects to open most of the financial centers in 2013. The branch openings are subject to regulatory approval.

 

About BB&T
BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with $182.0 billion in assets and market capitalization of $23.2 billion, as of Sept. 30, 2012. Based in Winston-Salem, N.C., the company operates approximately 1,800 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 consistently recognized for outstanding client satisfaction by J.D. Power and Associates, 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 www.BBT.com.

 

AWARDS

  • Top 20 of the World's Strongest Banks

    BB&T was named among the Top 20 of the World's Strongest Banks by Bloomberg Markets magazine in May 2012.

  • Greenwich Excellence Awards

    BB&T was named a 2012 Greenwich Excellence Award Winner by Greenwich Associates, a leading financial services research firm. BB&T was the winner of 22 Excellence Awards in Middle Market and Small Business Banking.

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