June 12, 2006

Approval of proposal by BB & T Corporation

For immediate release

The Federal Reserve Board on Monday announced its approval of the proposal by BB&T Corporation, Winston Salem, North Carolina, to acquire First Citizens Bancorp, Cleveland, and its subsidiaries: The Bank/First Citizens Bank, Cleveland; The Home Bank of Tennessee, Maryville; and The Home Bank, Ducktown, all of Tennessee.

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

Last Update: June 12, 2006