Conversion of credit card bank to a federal savings bank

BB&T Corporation

Our attorneys are representing BB&T Corp. in regulatory matters in connection with the conversion of BB&T's Georgia-chartered credit card bank, BB&T Bankcard Corporation, to a federal savings bank to be called BB&T Financial, FSB. The converted entity will focus on the bank's nationwide gift card, prepaid debit card and credit card businesses, merchant processing business, retail installment credit lending operations, and wholesale mortgage operations.

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