Each depositor insured to at least $250,000 per insured bank

Home > Regulation & Examinations > Laws & Regulations > Decisions on Bank Applications

Decisions on Bank Applications

Skip Left Navigation Links
Decisions on Bank Apps Home
Investments & Activities

   •  Equity Securities
   •  Real Estate
   •  Insurance
   •  Miscellaneous
Deposit Insurance
Merger Transactions
Mutual to Stock Conversions
Part 347
Other Applications
Branch Banking and Trust Company


RE: Branch Banking and Trust Company Wilson, North Carolina

Application Pursuant to Section 24(d)(1) of the Federal Deposit Insurance Act to Conduct Activities Through a Wholly-Owned Subsidiary


The Board of Directors of the Federal Deposit Insurance Corporation has fully considered all facts and information relevant to the factors of section 24 and other provisions of the Federal Deposit Insurance Act, including facts and information made available to the Board of Directors by the applicant, the Corporation's Division of Supervision, and other information acquired by the Corporation, relating to the application of Branch Banking and Trust Company, Wilson, North Carolina, an insured State nonmember bank, for the Corporation's consent to purchase FARR, Incorporated, Greensboro, North Carolina ("FARR"). FARR is engaged in the business of offering professional services associated with the study and analysis of personality characteristics and their relationship to leadership effectiveness, development and enhancement of leadership skills.

The Board of Directors finds that Branch Banking and Trust Company is in compliance with applicable capital standards and that the activities to be conducted by the wholly-owned subsidiary do not appear to pose a significant risk to the applicable deposit insurance fund.

Accordingly, IT IS ORDERED. that this application be and hereby is approved.

Dated at Washington, D. C., this day of , 1994.


Deputy Executive Secretary

Last Updated 03/24/2011 Legal@fdic.gov