BB&T 2010 Annual Report Download - page 29

Borrowed Funds
BB&T’s ability to borrow funds from nondeposit sources provides additional flexibility in meeting the
liquidity needs of the Company. Short-term borrowings include Federal funds purchased, securities sold under
repurchase agreements, master notes, short-term FHLB advances, U.S. Treasury tax and loan depository note
accounts and other short-term borrowings. See Note 9 “Federal Funds Purchased, Securities Sold Under
Agreements to Repurchase, and Short-Term Borrowed Funds” in the “Notes to Consolidated Financial
Statements” herein for additional disclosures related to these types of borrowings.
BB&T also utilizes longer-term borrowings when management determines that the pricing and maturity
options available through these sources create cost-effective options for funding asset growth and satisfying
capital needs. BB&T’s long-term borrowings include long-term FHLB advances to Branch Bank, senior and
subordinated debt issued by BB&T Corporation and Branch Bank, junior subordinated debt underlying trust
preferred securities and capital leases. See Note 11 “Long-Term Debt” in the “Notes to Consolidated Financial
Statements” herein for additional disclosures related to long-term borrowings.
Employees
At December 31, 2010, BB&T had approximately 31,400 full-time equivalent employees compared to
approximately 32,400 full-time equivalent employees at December 31, 2009.
Properties
BB&T and its significant subsidiaries occupy headquarter offices that are either owned or operated under long-
term leases. BB&T also owns free-standing operations centers, with its primary operations and information
technology center located in Wilson, North Carolina. BB&T also owns or leases significant office space used as the
Corporation’s headquarters in Winston-Salem, North Carolina. At December 31, 2010, Branch Bank operated 1,782
branch offices in North Carolina, South Carolina, Virginia, Maryland, Georgia, West Virginia, Tennessee, Kentucky,
Alabama, Florida, Texas, Indiana and Washington, D.C. BB&T also operates numerous insurance agencies and
other businesses that occupy facilities. Office locations are either owned or leased. Management believes that the
premises occupied by BB&T and its subsidiaries are well-located and suitably equipped to serve as financial services
facilities. See Note 6 “Premises and Equipment” in the “Notes to Consolidated Financial Statements” in this report
for additional disclosures related to BB&T’s properties and other fixed assets.
Web Site Access to BB&T’s Filings with the Securities and Exchange Commission
All of BB&T’s electronic filings with the Securities and Exchange Commission (“SEC”), including the Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to these
reports filed or furnished pursuant to Sections 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended,
are made available at no cost on the Corporation’s web site, www.BBT.com, through the Investor Relations link
as soon as reasonably practicable after BB&T files such material with, or furnishes it to, the SEC. BB&T’s SEC
filings are also available through the SEC’s web site at www.sec.gov.
Executive Officers of BB&T
Executive Officer Recent Work Experience Years of Service Age
Kelly S. King
Chairman and Chief Executive Officer
Chairman since January 2010. Chief Executive
Officer since January 2009. Chief Operating
Officer between June 2004 and December 2008.
39 62
Christopher L. Henson
Chief Operating Officer
Chief Operating Officer since January 2009. Chief
Financial Officer between July 2005 and
December 2008.
26 49
Daryl N. Bible
Senior Executive Vice President and
Chief Financial Officer
Chief Financial Officer since January 2009.
Assistant Chief Financial Officer between
January 2008 and December 2008. Employed by
U.S Bancorp for 24 years, serving as Treasurer
for the final 10 years.
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