More BB&T Branches to Close Before Yearend

BB&T in Winston-Salem, N.C., plans to further downsize its branch network by yearend.

The $222 billion-asset company has not yet publicly stated the number of branches or markets to be affected, but it "would be closing and consolidating some branches in early December," BB&T spokesman David White said in an email to American Banker on Monday.

The closings were reported Friday by the Triangle Business Journal, which said affected customers were to have received 90-day notices by now.

"In most cases, we're able to serve those clients in a financial center less than two miles away," White's email said. No jobs will be lost as a result of these latest closures, the email said.

In May BB&T announced plans to eliminate 240 jobs and close 28 branches as part of its integration of National Penn Bancshares that included the acquisition of 124 branches. The moves were slated to be completed during the summer.