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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: March 27, 2006

For immediate release

The Federal Reserve Board on Monday announced its approval of the application and notice under sections 3 and 4 of the Bank Holding Company Act by BB&T Corporation, Winston Salem, North Carolina, to effect the following transactions: (1) to acquire Main Street Banks, Inc. ("Main Street"), Atlanta, and its subsidiary bank, Main Street Bank, Covington, both of Georgia; and (2) to acquire Main Street's subsidiary, MSB Payroll Solutions, LLC, Alpharetta, Georgia, and thereby engage in permissible data processing activities.

Attached is the Board's Order relating to this action.

Attachment (880 KB PDF)

 
Last update: March 27, 2006