Orders Issued Under Bank Holding Company Act - BB and T Corp.'s acquisition of F and M National Corp - Statistical Data Included

Federal Reserve Bulletin, August, 2001 by Robert Dev. Frierson

Lynchburg

BB&T is the second largest depository institution in the Lynchburg banking market, controlling deposits of $525 million, representing 24.4 percent of market deposits. F&M is the fourteenth largest depository institution in the market, controlling deposits of $8.1 million, representing less than 1 percent of market deposits. On consummation of the proposal, BB&T would remain the second largest depository institution in the market, controlling deposits of approximately $533 million, representing approximately 24.7 percent of market deposits. The HHI would increase 18 points to 2170.

Metropolitan Washington, D.C.

BB&T is the seventh largest depository institution in the Metropolitan Washington, D.C. banking market, controlling deposits of $2.7 billion, representing 4.6 percent of market deposits. F&M is the fourteenth largest depository institution in the market, controlling deposits of $1.2 billion, representing 2.1 percent of market deposits. On consummation of the proposal, BB&T would become the fourth largest depository institution in the market, controlling deposits of $3.9 billion, representing 6.7 percent of market deposits. The HHI would increase 18 points to 847.

Newport News-Hampton

BB&T is the eighth largest depository institution in the Newport News-Hampton banking market, controlling deposits of $126.1 million, representing 3.8 percent of market deposits. F&M is the seventh largest depository institution in the market, controlling deposits of $162.7 million, representing 4.9 percent of market deposits. On consummation of the proposal, BB&T would become the fifth largest depository institution in the market, controlling deposits of approximately $288.8 million, representing approximately 8.6 percent of market deposits. The HHI would increase 37 points to 1355.

Norfolk-Portsmouth

BB&T is the largest depository institution in the Norfolk-Portsmouth banking market, controlling deposits of $1.5 billion, representing 20.2 percent of market deposits. F&M is the twentieth largest depository institution in the market, controlling deposits of $10.5 million, representing less than 1 percent of market deposits. On consummation of the proposal, BB&T would remain the largest depository institution in the market, controlling deposits of approximately $1.5 billion, representing approximately 20.4 percent of market deposits. The HHI would increase 6 points to 1174.

Richmond

BB&T is the sixth largest depository institution in the Richmond banking market, controlling deposits of $906 million, representing 6.1 percent of market deposits. F&M is the tenth largest depository institution in the market, controlling deposits of $290.9 million, representing 2 percent of market deposits. On consummation of the proposal, BB&T would become the fifth largest depository institution in the market, controlling deposits of approximately $1.2 billion, representing approximately 8.1 percent of market deposits. The HHI would increase 24 points to 1283.

Roanoke

BB&T is the eighth largest depository institution in the Roanoke banking market, controlling deposits of $140.3 million, representing 2.7 percent of market deposits. F&M is the seventeenth largest depository institution in the market, controlling deposits of $14.2 million, representing less than 1 percent of market deposits. On consummation of the proposal, BB&T would remain the eighth largest depository institution in the market, controlling deposits of approximately $154.4 million, representing approximately 3 percent of market deposits. The HHI would increase 2 points to 2874.