WINSTON-SALEM, N.C. - BB&T Corp. has converted 118 branches of the former One Valley Bancorp of Charleston, W.Va., the final touch in its acquisition of the banking company this year.
One Valley, with $6.6 billion of assets, was the parent company of nine community banks with 78 branches in West Virginia and 40 in central Virginia. The acquisition, BB&T's largest deal since its 1995 merger of equals with Southern National Corp., gave BB&T the largest market share in West Virginia.
BB&T said it plans to build its consumer and commercial loan business in the two states and introduce products in insurance, mutual funds, annuities, trust, retail brokerage, investment banking, treasury services, and international banking.
