EXHIBIT (22)
 
                           BB&T FINANCIAL CORPORATION
                         SUBSIDIARIES OF THE REGISTRANT
 
  Branch Banking and Trust Company (a state bank organized under the laws of
North Carolina).
 
  BB&T Financial Corporation of South Carolina (a bank holding company
organized under the laws of South Carolina).
 
  Branch Banking and Trust Company of South Carolina (a state bank organized
under the laws of South Carolina), wholly-owned subsidiary of BB&T Financial
Corporation of South Carolina.
 
  Citizens Savings Bank, SSB, Inc. (a savings bank organized under the laws of
North Carolina).
 
  Mutual Savings Bank of Rockingham County (a savings bank organized under the
laws of North Carolina).
 
  Old Stone Bank of North Carolina (a savings bank organized under the laws of
North Carolina).
 
  Citizens Savings Bank, SSB (a savings bank organized under the laws of North
Carolina).