March 27, 2006
Approval of proposal by BB&T Corporation
For immediate release
The Federal Reserve Board on Monday announced its approval of the application and notice under sections 3 and 4 of the Bank Holding Company Act by BB&T Corporation, Winston Salem, North Carolina, to effect the following transactions: (1) to acquire Main Street Banks, Inc. ("Main Street"), Atlanta, and its subsidiary bank, Main Street Bank, Covington, both of Georgia; and (2) to acquire Main Street's subsidiary, MSB Payroll Solutions, LLC, Alpharetta, Georgia, and thereby engage in permissible data processing activities.
Attached is the Board's Order relating to this action.