BB&T Corporation (NYSE: BBT) has appointed Kelly S. King, CEO, as Chairman of the Board. Mr. King will assume the position on January 1, 2010. He will succeed John A. Allison, who has served as Chairman since 1989, who will continue to serve on the 18 member BB&T corporate board. Kelly King began his career in 1972 at BB&T. He graduated from East Carolina University with a bachelor's and master's in business administration degree. He is also a graduate of the Stonier School of Banking at Rutgers University.
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BB&T Corporation 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.
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