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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
Of the Securities Exchange Act of 1934
April 9, 1999
Date of Report (Date of earliest event recorded)
BB&T Corporation
(Exact name of registrant as specified in its charter)
Commission file number: 1-10853
North Carolina 56-0939887
(State of Incorporation) (I.R.S. Employer Identification No.)
200 West Second Street
Winston-Salem, North Carolina 27101
(Address of Principal Executive Offices) (Zip Code)
(336) 733-2000
(Registrant's Telephone Number, Including Area Code)
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This Form 8-K has 3 pages.
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Item 5. Other Events
The purpose of this Current Report on Form 8-K is to announce that BB&T
Corporation ("BB&T") and Matewan BancShares, Inc. ("Matewan") have extended the
due diligence period in the reorganization agreement between the two companies,
which provides for Matewan's acquisition by BB&T.
As originally executed on February 24, 1999, the agreement allowed BB&T to
terminate the transaction on the basis of its due diligence review at any time
through April 9, 1999. As amended, the agreement provides that the due diligence
period will run through April 28, 1999.
Winston-Salem-based BB&T, with $37.8 billion in assets, operates 581
banking offices in the Carolinas, Virginia, Maryland and Washington, D.C.
Matewan, with $676 million in assets, operates 22 banking offices and one
mortgage loan office in southwestern Virginia, southern West Virginia and
eastern Kentucky.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BB&T Corporation
(Registrant)
By: /s/ Sherry A. Kellett
Sherry A. Kellett
Senior Executive Vice President and Controller
(Principal Accounting Officer)
Date: April 9, 1999.