BB&T Sees Strong Growth in Warehouse Business
Branch Banking & Trust ended September with $2.5 billion of warehouse lending commitments on its books, a 35% increase compared to the same period a year ago.
According to survey figures compiled by National Mortgage News, BB&T now has roughly 70 nonbank warehouse clients compared to 60 a year ago.
In July of last year BB&T–then a small player in warehouse finance–expanded its reach into that business when it bought certain assets from the failed Colonial Bank, Montgomery, Ala.
Among warehouse lenders, BB&T ranks in the top 10. NMN is compiling its final ranking for 3Q and will publish the results in December.