For immediate release

The Federal Reserve Board today announced its approval of the application of BB&T Corporation, Winston-Salem, North Carolina, to acquire F&M National Corporation, Winchester, Virginia, and its eleven wholly owned subsidiary banks. The Board also has approved BB&T Corporation’s proposal to acquire F&M's nonbanking subsidiaries, F&M Trust Company, Winchester, Virginia, and Johnson Mortgage Company, LLC, Newport News, Virginia. Attached is the Board's Order relating to this action. Attachment (123 KB PDF)

2001 Orders on banking applications