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 30, 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 81 pages.
Item 5. Other Events
On March 5, 1999, BB&T Corporation completed its merger with MainStreet
Financial Corporation ("MainStreet"), of Martinsville, Virginia. To consummate
the transaction, MainStreet's shareholders received 1.18 shares of BB&T common
stock in exchange for each share of MainStreet common stock held, resulting in
the issuance of 16.8 million shares of BB&T common stock. The transaction was
accounted for as a pooling-of-interests. Accordingly, the consolidated financial
statements (including notes to consolidated financial statements), and
supplemental financial information contained in BB&T's Annual Report on Form
10-K for the years ended December 31, 1998, 1997 and 1996, restated for the
accounts of MainStreet, are included in this Current Report on Form 8-K.
Item 7. Financial Statements and Exhibits
Exhibit Description
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11 Computation of Earnings Per Share. Filed herewith as Note R. of the
"Notes to Consolidated Financial
Statements."
23 Consent of Independent Public Accountants. Filed herewith on page 4.
27 Financial Data Schedule. Filed herewith as an exhibit to the
electronically filed document as
required.
99.1 Report of Independent Public Accountants. Filed herewith on page 6.
99.2 BB&T's restated audited financial statements and Filed herewith beginning on
notes thereto, including the accounts of MainStreet. page 7.
99.3 BB&T's restated Securities Act Guide 3 statistical Filed herewith beginning on page 62.
disclosures, including the accounts of MainStreet.
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
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Sherry A. Kellett
Senior Executive Vice President and Controller
(Principal Accounting Officer)
Date: April 30, 1999.