BB&T increases prime lending rate

WINSTON-SALEM, N.C., June 13, 2018 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) today announced it is increasing its prime lending rate to 5.00 percent from 4.75 percent effective immediately.

About BB&T

BB&T is one of the largest financial services holding companies in the U.S. with $220.7 billion in assets and market capitalization of approximately $40.6 billion as of March 31, 2018. Building on a long tradition of excellence in community banking, BB&T offers a wide range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending. Based in Winston-Salem, N.C., BB&T operates more than 2,000 financial centers in 15 states and Washington, D.C. A Fortune 500 company, BB&T is consistently recognized for outstanding client service by Greenwich Associates for small business and middle market banking. More information about BB&T and its full line of products and services is available at BBT.com.

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SOURCE BB&T Corporation