The defining moment for the young bank came during the Great Depression. While thousands of banks across America collapsed, BBT-Bank survived. In fact, it thrived by acquiring failed competitors at the request of the North Carolina Commissioner of Banks. This established a pattern that would define the bank for the next century: aggressive, but calculated, acquisition. By the time the Depression ended, BBT-Bank had transformed from a local lender into a statewide powerhouse.
Bbt-bank |verified| ★
The defining moment for the young bank came during the Great Depression. While thousands of banks across America collapsed, BBT-Bank survived. In fact, it thrived by acquiring failed competitors at the request of the North Carolina Commissioner of Banks. This established a pattern that would define the bank for the next century: aggressive, but calculated, acquisition. By the time the Depression ended, BBT-Bank had transformed from a local lender into a statewide powerhouse.