With Focus on Hospitals, Local Government and Corporations, BB&T to Continue Philadelphia Region Expansion

The “merger of equals” will create the sixth largest U.S. bank holding company and will serve more than 10 million households in the U.S.

BB&T, the newcomer to the Philadelphia region banking scene, is planning to open more branches in the area over the next three years, writes Joseph N. DiStefano for Philly.com.

BB&T Philadelphia is led by Scott R. Gamble, whose roots are in lending to small businesses at institutions such as Continental, Prime, and Susquehanna.

BB&T entered the local market with the acquisition of Susquehanna and National Penn banks which had primarily suburban and small-city operations.

However, BB&T’s chief executive, Kelly King, wants to ensure that the bank has a significantly stronger base in Philadelphia than its four branches in Center City and five in Northeast Philadelphia.

Kelly King

According to King, BB&T plans to add more branches to the network to make its presence in the region more tangible, with offices open and visible.

“That’s psychological,” said King. “Banks are where the money is. And if I have a problem, that’s where I need to go and see the banker.”

Read more about BB&T’s expansion plans at Philly.com by clicking here.

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