BB&T Corporation just completed its acquisition of National Penn, including converting the core systems, products and most signage changes.
In fact, after a weekend filled with conversion activities, BB&T added 108 branches in Pennsylvania, Maryland and New Jersey that just opened today.
"This is the final step uniting two outstanding companies and cultures," Chairman and CEO Kelly King said. "Clients will be served by the same bankers they have grown to know and trust in these markets.”
BB&T is made up of 26 autonomous community bank regions that each have its own president to leverage local market experience and keep decisions local. The bank now has over 2,200 branches and more than 3,000 ATMs.
During the new transition, merger buddies, or experienced BB&T associates from throughout the company’s locations, will assist the new branches and associates for the next two weeks. In fact, BB&T associates trained for months to ensure a smooth transition process.
The National Penn acquisition, which was announced in August 2015, included approximately $9.6 billion in assets and $6.7 billion in deposits as of Dec. 31, 2015.