UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 8-K
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Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
August 16, 2012
Date of Report (Date of earliest event reported)
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BB&T Corporation
(Exact name of registrant as specified in its charter)
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Commission file number : 1-10853
| North Carolina | 56-0939887 |
| (State of incorporation) | (I.R.S. Employer Identification No.) |
| 200 West Second Street | |
| Winston-Salem, North Carolina | 27101 |
| (Address of principal executive offices) | (Zip Code) |
(336) 733-2000
(Registrant’s telephone number, including area code)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 8.01. Other Events.
BB&T Corporation (“BB&T”) has submitted redemption notices to the institutional or property trustee, as the case may be, for each trust listed below, which will result in the redemption of the trust preferred securities identified in the table below on the redemption date specified. Each series of trust preferred securities was assumed by BB&T in connection with its acquisition of BankAtlantic from BankAtlantic Bancorp, Inc., which was completed on July 31, 2012. Each series is callable on the redemption date specified at the option of BB&T. The redemptions will be funded by general corporate reserves.
| Trust | Security | Principal Amount | CUSIP | Redemption Date | Trustee | ||
| BBC Capital | Floating Rate | $25,000,000 | 0552779A7 | September 26, | U.S. Bank National | ||
| Statutory Trust III | Capital Securities | 2012 | Association | ||||
| BBC Capital | Floating Rate | $25,000,000 | 05527A9Z5 | September 26, | U.S. Bank National | ||
| Statutory Trust IV | Capital Securities | 2012 | Association | ||||
| BBC Capital | Floating Rate | $10,000,000 | 05529AAA6 | September 30, | The Bank of New | ||
| Trust V | Preferred | 2012 | York Mellon | ||||
| Securities | |||||||
| BBC Capital | Floating Rate | $15,000,000 | 05527GAA5 | September 30, | The Bank of New | ||
| Trust VI | Preferred | 2012 | York Mellon | ||||
| Securities | |||||||
| BBC Capital | Floating Rate | $25,000,000 | 05527G9Z2 | September 26, | U.S. Bank National | ||
| Statutory Trust | Capital Securities | 2012 | Association | ||||
| VII | |||||||
| BBC Capital | Fixed/Floating | $50,000,000 | 0660599Z1 | September 26, | U.S. Bank National | ||
| Statutory Trust X | Rate Capital | 2012 | Association | ||||
| Securities | |||||||
| BBX Capital | TP Securities | $25,000,000 | 05530TAA2 | September 15, | U.S. Bank National | ||
| Trust 2007 I(a) | 2012 | Association | |||||
The trust preferred securities will be redeemed at a price equal to the liquidation amount of $1,000 per trust preferred security, plus all accrued and unpaid distributions to the redemption date.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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BB&T CORPORATION | |||
| (Registrant) | |||
| By: | /s/ Cynthia B. Powell | ||
| Name: | Cynthia B. Powell | ||
| Title: | Executive Vice President and Corporate | ||
| Controller (Principal Accounting Officer) | |||
Date: August 16, 2012