UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
June 23, 1998
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)
This Form 8-K has 4 pages.
<PAGE>
ITEM 5. OTHER EVENTS
The purpose of this Current Report on Form 8-K is to announce a
two-for-one stock split of BB&T Corporation's common shares and a 12.9% increase
in the quarterly cash dividend.
EXHIBIT INDEX
Exhibit 99.1 Stock Split Announcement and Increase in Cash Dividend issued
June 23, 1998
<PAGE>
The Board of Directors of BB&T Corporation today declared a two-for-one
stock split of the company's common stock and a 12.9% increase in the quarterly
cash dividend.
The stock split will be accomplished through a 100% stock dividend to
be issued on August 3, 1998, to shareholders of record on July 10, 1998.
Certificates currently held by shareholders will continue to represent the
number of shares indicated, and new certificates will be issued for a like
number of shares.
The quarterly cash dividend has been increased by $.04 per share to
$.35 on a pre-split basis, or $.175 on a post-split basis. This marks the 26th
consecutive year that BB&T has declared an increase in the dividend. The cash
dividend will be paid on August 3 to shareholders of record on July 10.
BB&T is a multi-bank holding company with $31.7 billion in assets. Its
principal subsidiaries operate 521 banking offices in North Carolina, South
Carolina and Virginia.
<PAGE>
S I G N A T U R E
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: June 23, 1998
