Violation Tracker Parent Company Summary

Parent Company Name: 
BB&T
Ownership Structure: 
publicly traded (ticker symbol BBT)
Headquartered in: 
North Carolina
Major Industry: 
financial services
Specific Industry: 
banking
Penalty total since 2000: 
$93,770,227
Number of records: 
13
Top 10 Primary Offense TypesPenalty TotalNumber of Records
False Claims Act$83,000,0001
anti-money-laundering deficiencies$10,000,0001
investor protection violation$500,0003
wage and hour violation$128,3123
labor relations violation$70,0001
banking violation$30,4151
employment discrimination$24,0001
economic sanction violation$17,5002
Notes: 

Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty dollar total above may be adjusted to account for the fact that the list of entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. Duplicate penalty amounts are marked with an asterisk in the list below.

Associated Names: 

BANK OF KENTUCKY; BANKATLANTIC; BB AND T SECURITIES LLC; BB&T; BRANCH BANKING AND TRUST BB AND T; GRANDBRIDGE REAL ESTATE CAPITAL

Links: 

Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.


Individual Penalty Records:

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Company Primary Offense Type Year Agency Penalty Amountsort icon
Branch Banking & Trust Company (BB&T) False Claims Act 2016 DOJ_CIVIL $83,000,000
BankAtlantic anti-money-laundering deficiencies 2006 DOJ_CRIMINAL $10,000,000
BB&T Securities, LLC investor protection violation 2016 SEC $200,000
BB&T Securities, LLC investor protection violation 2015 SEC $200,000
BB&T Securities, LLC investor protection violation 2018 SEC $100,000
BB&T wage and hour violation 2018 private lawsuit-federal $72,336
Grandbridge Real Estate Capital, LLC labor relations violation 2015 NLRB $70,000
BB&T wage and hour violation 2011 WHD $43,662
BANK OF KENTUCKY, INC., THE banking violation 2009 FDIC $30,415
Branch Banking and Trust (BB&T) employment discrimination 2010 EEOC $24,000
Branch Banking and Trust Company wage and hour violation 2011 WHD $12,314
BB&T economic sanction violation 2007 OFAC $10,000
BankAtlantic economic sanction violation 2008 OFAC $7,500
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