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% 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. In other comments reported from Thursday's earnings call, King said he remains hopeful that concerns over health-care reform, tax reform and infrastructure spending will be...

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