BB&T CEO: Bank will close 100 branches this year

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BB&T CEO Kelly King told analysts Thursday that the bank expects to close 100 branches this year. King cited the popularity of the bank's U by BB&T digital platform, used by about 60 percent of its customers, as the reason for the closures, reports the Winston-Salem Journal . BB&T currently has 2,193 branches, down 56 from June 30. BB&T is the fourth largest bank in the Baltimore area, with more $5.6 billion in local deposits. In other comments reported from Thursday's earnings call, King said…
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