WTSB News has confirmed BB&T will be closing their location in the Town of Selma in three months. This will leave Selma with only one other retail bank branch, KS Bank, in their city limits.
We never take the decision to close a financial center lightly,” David R. White, BB&T Vice President of Corporate Communications told WTSB. “But after much consideration, we’ve decided to close the branch at 212 N. Raiford Street in Selma on April 12.”
“More and more, our clients are choosing to conduct their banking business digitally both here at BB&T and in the financial industry as a whole. While branches are still an important part of BB&T’s business model, we’re constantly evaluating all of our locations in terms of client-use patterns and convenience within the markets we serve.
White said BB&T has another bank located nearby at 1112 N. Brightleaf Boulevard in Smithfield.
He said no layoffs are anticipated. “Most of our branch associates will move to the receiving financial center to serve those same clients.”
After the Selma branch closes in April, BB&T will have 5 remaining locations in Johnston County. KS Bank will be the only bank with a physical presence in Selma. KS Bank has offices at 115 W. Anderson Street.
BB&T closed their offices at 32 N. Railroad Street in Micro on Nov. 16, 2018. It was the only bank branch in the small town of Micro.
BB&T, headquartered in Winston Salem, is one of the largest banks in the U.S. with $222.9 billion in assets and market capitalization of approximately $37.4 billion as of September 30, 2018.
Established in 1872, BB&T operates more than 1,900 locations in 15 states and Washington, D.C. and has approximately 37,000 employees.