F&M National Corporation Announces President of New BB&T Regional Bank

Apr 27, 2001, 01:00 ET from F&M National Corporation

    WINCHESTER, Va., April 27 /PRNewswire/ -- F&M National Corporation
 (NYSE:   FMN) and BB&T Corporation  (NYSE:   BB&T) have named F. Dixon Whitworth,
 Jr., as president of BB&T's new Blue Ridge community bank region, which will
 be created under the proposed merger structure and headquartered in
 Winchester.
     BB&T operates community bank regions so that, as the corporation grows and
 expands, it will remain customer focused. Considerable authority is granted to
 regional presidents and their employees, which allows for local decision
 making.
     F&M National and BB&T Corporation announced on Jan. 24, 2001, that they
 had entered into a merger agreement providing for the exchange of F&M common
 stock for BB&T common stock.
     Whitworth joined F&M National Corporation in 1985 as executive vice
 president of the parent company. Prior to his move to Winchester, he spent 15
 years in banking in Richmond. In 1998, he assumed the additional position as
 chairman and president of the F&M Trust Company, a newly organized subsidiary
 of F&M National Corporation, which currently has $750 million of fiduciary
 assets under management.
     Whitworth is a graduate of Wake Forest University, Virginia Commonwealth
 University Graduate School of Business, and the University of Richmond School
 of Law. During his banking career, he completed various professional banking
 schools at Northwestern, Columbia, and Oklahoma Universities and served three
 terms on the Board of the Virginia Bankers Association. He also served eight
 years on the VCU Board of Visitors and as Rector of the University for two
 years.
     An active community leader, Whitworth is Board member and Chairman of the
 Winchester Medical Center and serves on the governing bodies of Valley Health
 System, Shenandoah Valley Westminster Canterbury, and Christ Episcopal Church.
     "BB&T's commitment to a regional bank structure with local management
 authority is tantamount to its corporate commitment to provide the highest
 quality service to its local clients with the same dedicated people who have
 distinguished F&M as the 'bank of choice'," Whitworth said. "We will be a
 better bank and a formidable competitor within our market."
     The Blue Ridge Region will initially include the Virginia counties of
 Frederick, Clarke, Warren, Shenandoah, Page, Rockingham, Rappahannock, Orange,
 Greene, Culpeper, Fauquier, Augusta, and Madison, and the cities of
 Winchester, Warrenton, Harrisonburg, and Staunton, with total deposits of
 approximately $1 billion and 46 banking offices.
     The merger, which is subject to the approval of F&M shareholders and
 banking regulators, is expected to be completed in the third quarter. Winston-
 Salem, N.C.-based BB&T Corporation, with $62.1 billion in assets, operates 893
 banking offices in the Carolinas, Georgia, Virginia, Maryland, West Virginia,
 Tennessee, Kentucky, and Washington, D.C. More information is available at
 http://www.BBandT.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X56379645
 
 

SOURCE F&M National Corporation
    WINCHESTER, Va., April 27 /PRNewswire/ -- F&M National Corporation
 (NYSE:   FMN) and BB&T Corporation  (NYSE:   BB&T) have named F. Dixon Whitworth,
 Jr., as president of BB&T's new Blue Ridge community bank region, which will
 be created under the proposed merger structure and headquartered in
 Winchester.
     BB&T operates community bank regions so that, as the corporation grows and
 expands, it will remain customer focused. Considerable authority is granted to
 regional presidents and their employees, which allows for local decision
 making.
     F&M National and BB&T Corporation announced on Jan. 24, 2001, that they
 had entered into a merger agreement providing for the exchange of F&M common
 stock for BB&T common stock.
     Whitworth joined F&M National Corporation in 1985 as executive vice
 president of the parent company. Prior to his move to Winchester, he spent 15
 years in banking in Richmond. In 1998, he assumed the additional position as
 chairman and president of the F&M Trust Company, a newly organized subsidiary
 of F&M National Corporation, which currently has $750 million of fiduciary
 assets under management.
     Whitworth is a graduate of Wake Forest University, Virginia Commonwealth
 University Graduate School of Business, and the University of Richmond School
 of Law. During his banking career, he completed various professional banking
 schools at Northwestern, Columbia, and Oklahoma Universities and served three
 terms on the Board of the Virginia Bankers Association. He also served eight
 years on the VCU Board of Visitors and as Rector of the University for two
 years.
     An active community leader, Whitworth is Board member and Chairman of the
 Winchester Medical Center and serves on the governing bodies of Valley Health
 System, Shenandoah Valley Westminster Canterbury, and Christ Episcopal Church.
     "BB&T's commitment to a regional bank structure with local management
 authority is tantamount to its corporate commitment to provide the highest
 quality service to its local clients with the same dedicated people who have
 distinguished F&M as the 'bank of choice'," Whitworth said. "We will be a
 better bank and a formidable competitor within our market."
     The Blue Ridge Region will initially include the Virginia counties of
 Frederick, Clarke, Warren, Shenandoah, Page, Rockingham, Rappahannock, Orange,
 Greene, Culpeper, Fauquier, Augusta, and Madison, and the cities of
 Winchester, Warrenton, Harrisonburg, and Staunton, with total deposits of
 approximately $1 billion and 46 banking offices.
     The merger, which is subject to the approval of F&M shareholders and
 banking regulators, is expected to be completed in the third quarter. Winston-
 Salem, N.C.-based BB&T Corporation, with $62.1 billion in assets, operates 893
 banking offices in the Carolinas, Georgia, Virginia, Maryland, West Virginia,
 Tennessee, Kentucky, and Washington, D.C. More information is available at
 http://www.BBandT.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X56379645
 
 SOURCE  F&M National Corporation