WINSTON-SALEM, N.C., June 3, 2015 /PRNewswire/ — BB&T Corporation (NYSE: BBT) announced today it has received regulatory approval from the Federal Reserve, the FDIC and all required state regulators to acquire The Bank of Kentucky. The transaction closing and systems conversion is expected on June 19, 2015.

“We are very pleased to receive this approval and are excited about the opportunities in this market,” said Chairman and Chief Executive Officer Kelly S. King. “We look forward to working with our new associates to continue providing the high quality service that clients receive in Northern Kentucky and Cincinnati.”

Headquartered in Crestview Hills, Ky., The Bank of Kentucky has 32 banking offices in Northern Kentucky and Cincinnati. The merger includes $1.6 billion in deposits, $1.3 billion in loans, and total assets of $1.9 billion based on March 31, 2015, balances. The planned acquisition was originally announced Sept. 8, 2014.

About The Bank of Kentucky
The Bank of Kentucky Financial Corporation (NASDAQ: BKYF), is the holding company of The Bank of Kentucky, Inc., with assets of approximately $1.9 billion, as of March 31, 2015. Headquartered in Crestview Hills, Kentucky, The Bank of Kentucky is the largest bank in Northern Kentucky and a leading community bank in the region, operating 32 branch locations and over 50 ATMs. The Bank of Kentucky has served the community since 1990, offering banking and related financial services to both individuals and business customers and has been recognized as a top workplace for the past five years. More information about The Bank of Kentucky is available at BankofKy.com.

About BB&T
BB&T is one of the largest financial services holding companies in the U.S. with $189.2 billion in assets and market capitalization of $28.2 billion, as of March 31, 2015. Based in Winston-Salem, N.C., the company operates 1,875 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at BBT.com.

This news release contains certain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results may differ materially from current projections. Please refer to BB&T’s filings with the Securities and Exchange Commission for a summary of important factors that may affect BB&T’s forward-looking statements. BB&T undertakes no obligation to revise these statements following the date of this news release.

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SOURCE BB&T Corporation