Chairman and Chief Executive Officer, BB&T Corporation
King, a native North Carolinian, grew up on his family's tobacco farm outside of Zebulon. He earned his Bachelor of Science degree in business administration and his MBA from East Carolina University. He also attended Stonier Graduate School of Banking at Rutgers University in Newark, N.J. He joined BB&T's Management Development Program in 1972 and has since served in many roles, including manager of the Central and Metropolitan regions, Raleigh city executive, Charlotte business services manager, Statesville consumer lending manager, and banking manager for BB&T's branch network. Before his election to CEO on Jan. 1, 2009, King served as BB&T's chief operating officer from 2004 to 2008.
In January 2009, he was named a director of The Federal Reserve Bank of Richmond. King, who chairs the Piedmont Triad Leadership Group, also serves as a board member of The Clearing House and The Financial Services Roundtable. He is a member of the (N.C.) Triangle Community Foundation Leadership Council. He has served as former vice chairman of the American Bankers Council; former board member of American Bankers Association Board of Trustees, St. Augustine's College, Mission Emanuel, N.C. Center for Non-Profits, N.C. Economic Development Commission, N.C. Child Advocacy Institute, N.C. Community College Foundation, and Winston-Salem Downtown Church Center; former chairman of the board for the N.C. Rural Economic Development Center and Greater Raleigh Chamber of Commerce; former chairman of the board and board member for the N.C. Bankers Association; former chair for the Operation Shipshape (Battleship North Carolina) and Board of Visitors, East Carolina University.
Locally, BB&T has a financial center at 508 W. Jake Alexander Blvd. The Salisbury office, which opened inFebruary, is managed by Financial Center Leader Tony Shaw. Salisbury City Executive Brian Miller, who is responsible for commercial lending, is also based here. The financial center is open Monday through Thursday from 9 a.m. to 5 p.m., Friday 9 a.m. to 6 p.m. and Saturday 9 a.m. until noon.
BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with more than $155.1 billion in assets and market capitalization of $18.2 billion. 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.