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Bb&T Corporation

Fayetteville, North Carolina (North Carolina) US

National commercial banks, Commercial Banking, Bank holding companies, Offices of Bank Holding Companies, State commercial banks, Federal savings banks, Savings Institutions, Mortgage bankers and loan correspondents, Other Activities Related to Credit Intermediation...

TEL: 9104877500
http://www.bbandt.com

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News from Zibb.com

Total : 103 View more »

BB&T unveils new FDIC-insured 529 savings account - Zibb.com

WINSTON-SALEM, N.C., Nov 04, 2009 /PRNewswire-FirstCall via COMTEX/ --

November is prime time for opening, and contributing to, a 529 college savings account. Two reasons: the accounts offer end-of-year tax advantages and can be opened for children and given as holiday gifts.

The BB&T CollegeWealth 529 Savings Account rolls out this week through BBT.com then at an opportune time for students, parents and grandparents who are looking for a safe and secure way to save money for qualified higher education expenses, BB&T officials say.

But with numerous tax-advantaged 529 account options already available, why turn to BB&T CollegeWealth? For starters, BB&T Corporation is one of the first financial holding companies to offer the popular college savings product in an FDIC-insured money market savings account.

"That's an important distinction," says Retail Deposit Product Development Manager Sonia Beach, "because by opening a 529 through BB&T, you get the security of FDIC insurance coverage as well as the ability to conveniently access your 529 account right along with your other bank deposit accounts.

"With the recent market fluctuations of the past few years, clients are looking for attractive, yet safe, earning potential, and this account offers an attractive alternative to investment-based 529 accounts."

BB&T has partnered with the Virginia College Savings Plan to offer the BB&T CollegeWealth 529 Savings Account across the country on BBT.com. It allows families to benefit from the federal and, for Virginia residents, state tax advantages of 529 accounts while taking advantage of the FDIC insurance coverage that comes with a money market savings account.

Benefits of the BB&T CollegeWealth 529 Savings Account include:

    --  No state residency restrictions
    --  Up to $4,000 state income tax deduction for Virginia taxpayers
    --  Low $25-minimum opening deposit
    --  No fees or minimum balance requirements
    --  Available to full- and part-time students
    --  Competitive interest rate tiers based on balances
    --  Quick and convenient online application through BBT.com/CollegeWealth

    --  Convenient account access options, including BB&T OnLine Banking, free
        BB&T Mobile Banking and Alerts, and more than 1,800 BB&T financial
        centers (approximately 400 of which are located in Virginia)

The BB&T CollegeWealth 529 Savings Account grows tax-free and remains tax-free as long as it is used for qualified higher education expenses, including tuition, fees, room and board, textbooks, and required supplies and equipment.

"One of the great features about the tax-advantaged BB&T CollegeWealth 529 account is that it is available to college savers not just in Virginia but nationwide, and can be used at schools throughout the country as well," said BB&T Deposit Services Manager Donna Goodrich. "It is a conservative way to save for college, graduate school, technical training and ongoing education."

With more than two million accounts and almost $27 billion in assets under management as of Sept. 30, the Virginia College Savings Plan is the largest 529 plan in the country.

At Sept. 30, Winston-Salem, N.C.-based BB&T Corporation (NYSE: BBT) had $165.3 billion in assets and operated more than 1,800 financial centers in 13 states and Washington, D.C. More information about the company is available at BBT.com.

SOURCE BB&T Corporation

http://www.bbt.com

BB&T Down 4.3% Since SmarTrend's Sell Recommendation - Zibb.com

Nov 04, 2009 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend, our proprietary pattern recognition system, called a Downtrend for BB&T (NYSE:BBT) on October 28, 2009 at $25.10.

Since then, BB&T has returned 4.3% as of today's recent price of $24.02. Want to profit from these alerts?

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Motorcar Parts of America Announces New Credit Facility - Zibb.com

LOS ANGELES, Nov 2, 2009 (GlobeNewswire via COMTEX) --

Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has entered into a new $45 million credit facility with Union Bank, N.A. and BB&T, replacing and supplementing a previous $40 million credit facility.

The company said it intends to utilize the credit facility for working capital, general corporate purposes and possible future acquisitions.

"The new credit facility enhances the company's balance sheet and provides greater financial flexibility to execute management's strategic plans," said Selwyn Joffe, chairman, president and chief executive officer. "We look forward to working with Union Bank, N.A. and BB&T under this favorable new agreement," Joffe added.

"We are pleased to lead this truly outstanding relationship," said Robert Tietjen, Union Bank, N.A., Senior Vice President, Senior Relationship Manager.

"BB&T and its Automotive Aftermarket Corporate Banking group are pleased to join Union Bank, N.A. in expanding the MPA credit facility," said Roberts Bass, BB&T, Senior Vice President and Corporate Banking Team Leader.

About Motorcar Parts of America

Motorcar Parts of America, Inc. is a remanufacturer of alternators and starters for imported and domestic passenger vehicles, light trucks and heavy duty applications. Its products are sold to automotive retail outlets and the professional repair market throughout the United States and Canada. The company's facilities are located in California, Tennessee, Mexico, Malaysia and Singapore. Additional information is available at www.motorcarparts.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company's current expectations and beliefs concerning future developments and their potential effects on the company, including the completion of documentation related to the credit facility increase and its ability to successful identify and complete potential acquisitions. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors. Reference is also made to the Risk Factors set forth in the company's Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2009 and in its Form 10-Qs filed with the SEC thereafter for additional risks and uncertainties facing the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Motorcar Parts of America

CONTACT:  Maier & Company, Inc.
Gary S. Maier
(310) 442-9852

BB&T (BBT) NewsBite - BBT Rises on a Pair of Upgrades - Zibb.com

Nov 02, 2009 (Fresh Brewed Media via COMTEX) --

BB&T (NYSE: BBT) opened at $24.96. So far today, the stock has hit a low of $24.38 and a high of $24.96. BBT is now trading at $24.86, up $0.89 (3.71%). Over the last 52 weeks the stock has ranged from a low of $12.90 to a high of $36.60. Stifel Nicolaus upped BBT this morning to Hold from Sell. Analysts at Sterne Agee lifted the stock to Buy from Neutral. Technical indicators for the stock are bullish and S&P gives BBT a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on BBT the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 19 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

Tags: nyse S&P

Companies: BB&T Corp. (BBT)

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BB&T Charleston Food + Wine Festival Announces Stellar Line-Up of National Chefs, Authors, and Wine

| The Festival is thrilled about being able to feature such amazing contributors to the epicurean world, stated Laura Hewitt, chair of the Festival. The roster of guests this year is the best line-up we ve had come to Charleston.

http://hospitality-1st.com/PressNews/CharlestonCVB-011508.html