Exhibit 21
SUBSIDIARIES OF THE REGISTRANT
BB&T Corporation, a North Carolina corporation, is a multi-bank holding
company. The table below sets forth all of BB&T's subsidiaries as to State or
Jurisdiction of Organization and Percentage of Voting Securities Owned as well
as their relationship to BB&T. All of the subsidiaries listed below are
included in the consolidated financial statements, and no separate financial
statements are submitted for any subsidiary.
Percentage
State or Jurisdiction of Voting
Subsidiary of Organization Shares Owned
- ---------- --------------------- ------------
Branch Banking and Trust Company North Carolina 100%
BB&T Financial Corporation of South
Carolina South Carolina 100%
BB&T Financial Corporation of Virginia Virginia 100%
Regional Acceptance Corporation North Carolina 100%
Money 24, Inc. North Carolina 100%
Scott & Stringfellow, Inc. Virginia 100%
Scott & Stringfellow Realty, Inc. Virginia 100%
Scott & Stringfellow Capital Management Virginia 100%
Phillips Factors Corporation North Carolina 100%
Refloat, Inc. North Carolina 100%
Unified Investors Life Insurance Company Arizona 100%
BB&T Bankcard Corporation Georgia 100%
Grey Hawk, Inc. Nevada 100%
First Citizens Bank of Georgia Georgia 100%
First Citizens Bank (Newnan) Georgia 100%
Carroll County Bank and Trust Company Maryland 100%
Mason-Dixon Merger Sub, Inc. Maryland 100%
Mason-Dixon Capital Trust Maryland 100%
Mason-Dixon Capital Trust II Maryland 100%
Mason-Dixon Business Services, LLC Maryland 100%
Rose Shanis Financial Services, LLC Maryland 100%
Buy Insurance, LLC Maryland 100%
The Matewan National Bank West Virginia 100%
Matewan Bank, FSB Kentucky 100%
Matewan Venture Fund, Inc. West Virginia 100%
First Liberty Bank Georgia 100%
Liberty Properties Georgia 100%
MainStreet Capital Trust Virginia 100%
BB&T Savings Corporation North Carolina 100%(21)
Franklin Community Development
Corporation Washington, D.C. 100%(21)
BB&T Leasing Corporation North Carolina 100%(1)
BB&T Investment Services, Inc. North Carolina 100%(1)
BB&T Insurance Services, Inc. North Carolina 100%(1)
Grey Eagle, Inc. Delaware 100%(1)
Prime Rate Premium Finance Corporation,
Inc. South Carolina 100%(1)
Agency Technologies, Inc. South Carolina 100%(1)
Farr Associates, Inc. North Carolina 100%(1)
AutoBase Information Systems, Inc. North Carolina 51%(1)
W.E. Stanley, Inc. North Carolina 100%(1)
BB&T Credit Participation Company Georgia 100%(1)
BB&T Small Business Loan Company Maryland 100%(1)
BB&T Service Corp Nevada 100%(1)
Workmen's Service Corporation North Carolina 100%(1,21)
First Savings Service Corporation North Carolina 100%(1,21)
Fay-Charl Corporation North Carolina 100%(1,21)
Peoples Service Corporation of
Thomasville North Carolina 100%(1,21)
Guaranty Financial Services, Inc. North Carolina 100%(1,21)
North Carolina Trustee Company North Carolina 100%(1,21)
Percentage
State or Jurisdiction of Voting
Subsidiary of Organization Shares Owned
- ---------- ---------------------- ------------
BT Financial Corporation North Carolina 100%(1,21)
MASSLA Corporation Maryland 100%(1,21)
150 Corporation North Carolina 100%(1,21)
Branch Banking and Trust Company of South
Carolina South Carolina 100%(2)
Investor Services, Inc. South Carolina 100%(4,21)
FICORP of South Carolina South Carolina 100%(4,21)
BB&T Realty Corporation North Carolina 100%(4,21)
Branch Banking and Trust Company of
Virginia Virginia 100%(3)
Freedom Financial Services, Inc. Virginia 100%(5)
Southside Services Corporation Virginia 100%(5,21)
Century Mortgage Inc. Virginia 100%(5,21)
Virginia First Investment Corp. Virginia 100%(5,21)
Colony Financial Virginia 100%(5,21)
Fidelity Service Corporation Virginia 100%(5,21)
Life Financial Services Corporation Virginia 100%(5,21)
Regional Acceptance Investment Corporation
of Nevada Nevada 100%(7)
Regu Insurance Services, Inc. North Carolina 100%(7)
Greenville Car Mart, Inc. North Carolina 100%(7)
Regional Fidelity Reinsurance Limited British Virgin Islands 99%(7)
Mountain Financial Corporation Virginia 100%(6)
National Mortgage Acceptance Corp Virginia 51%(6)
Phillips Financial Corporation North Carolina 100%(8)
Sheffield Financial Corporation North Carolina 100%(9)
BB&T Loan Participation Company Georgia 100%(20)
Newnan Financial Services, Inc. Georgia 100%(10)
Citizens Mortgage Group, Inc. Georgia 100%(10)
Arnall Insurance Agency Georgia 100%(11)
Jefferson Ventures, Inc. Georgia 100%(11)
Carrollco Insurance, Inc. Maryland 100%(12)
Skylight Investment Corporation Delaware 100%(12)
Bank of Maryland Maryland 100%(13)
Sterling Title Holdings, Inc. Maryland 100%(14)
Sterling I, Inc. Maryland 100%(15)
Sterling III, Inc. Maryland 100%(15)
Matewan Insurance and Investments, Inc. West Virginia 100%(16)
Matewan Title Agency, LLC West Virginia 60%(17)
Matewan Real Estate Holdings, Inc. West Virginia 100%(16)
Matewan Realty Inc. West Virginia 100%(18)
Green and Gold Investments Delaware 100%(19)
OFC Capital Georgia 100%(19)
Liberty Mortgage Corp Georgia 100%(19)
First Freedom Investments Georgia 100%(19)
First Freedom Insurance Agency Georgia 100%(19)
New South Financial Services Georgia 100%(19)
- --------
(1)Owned by Branch Banking and Trust Company (North Carolina)
(2)Owned by BB&T Financial Corporation of South Carolina
(3)Owned by BB&T Financial Corporation of Virginia
(4)Owned by Branch Banking and Trust Company of South Carolina
(5)Owned by Branch Banking and Trust Company of Virginia
(6)Owned by Scott & Stringfellow, Inc.
(7)Owned by Regional Acceptance Corporation
(8)Owned by Phillips Factors Corporation
(9)Owned by Refloat, Inc.
(10)Owned by First Citizens Bank (Newnan)
(11)Owned by Newnan Financial Services, Inc.
(12)Owned by Carroll County Bank and Trust
(13) Owned by Mason-Dixon Merger Sub, Inc.
(14) Owned by Bank of Maryland
(15) Owned by Sterling Title Holdings, Inc.
(16) Owned by The Matewan National Bank
(17) Owned by Matewan Insurance and Investments, Inc.
(18) Owned by Matewan Real Estate Holdings, Inc.
(19) Owned by First Liberty Bank
(20) Owned by BB&T Small Business Loan Company
(21) Inactive