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.