BB&T's leasing subsidiary renamed Equipment Finance Corp.

WINSTON-SALEM , N . C . -February 14, 2007 - BB&T Corporation has changed the name of its leasing subsidiary to "BB&T Equipment Finance Corporation" to better reflect the subsidiary's business offerings.

The new name reflects a shift in the leasing industry in recent years toward a broader lineup of product offerings.

"In addition to traditional leasing, BB&T offers a wide range of products and services designed to meet the needs of our growing client base," said Joel Rutledge, president of BB&T Equipment Finance. "We believe our new name significantly enhances our marketing capabilities by providing prospective clients with a clear understanding of our business focus. And we expect that clearer understanding will translate to an increase in sales for 2007."

BB&T Equipment Finance Corporation specializes in commercial equipment financing and leasing. It offers direct financing, indirect sales financing and vendor financing programs in all major industry segments including transportation, manufacturing, construction, material-handling and technology.

"BB&T Equipment Finance tailors the best combination of product and service to each market segment," Rutledge said. "While we continue to offer capital, tax and operating leases, our new name illustrates the flexibility to meet our clients' needs with equipment finance agreements and loans. We'll continue to focus on meeting the equipment and vehicle needs of our clients regardless of the type of financing they desire."

BB&T Equipment Finance Corporation is a wholly owned subsidiary of Branch Banking and Trust Company, the banking subsidiary of Winston-Salem, N.C.-based BB&T Corporation (NYSE: BBT).

BB&T Corporation and its subsidiaries offer full-service commercial and retail banking and additional financial services such as insurance, invest ments, retail brokerage, corporate finance, consumer finance, payment services, international banking, leasing and trust.

BB&T operates more than 1,450 financial centers in the Carolinas, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana and Washington, D.C.

With $121.4 billion in assets, BB&T Corp. is the nation's 11th largest financial holding company. More information about BB&T Corp. is available at www.BBT.com .

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