Shearman & Sterling represented BB&T Capital Markets, a division of Scott & Stringfellow, LLC, and Deutsche Bank Securities Inc. in connection with the offering by BB&T Corporation under its existing Medium-Term Note Program of $1,000,000,000 aggregate principal amount of Medium-Term Notes, Series A (Senior), consisting of $700,000,000 aggregate principal amount of 2.05% Senior Notes due 2014 and $300,000,000 aggregate principal amount of Floating Rate Senior Notes due 2014.

Shearman & Sterling also represented the same underwriters in connection with a March 7, 2011 offering by BB&T Corporation of $1,000,000,000 aggregate principal amount of 3.20% Senior Notes due 2016 under BB&T Corporation ’s Medium-Term Note Program.

The following Shearman & Sterling team advised the underwriters in the transaction: partner Michael Schiavone (New York-Capital Markets) and associates Dave Rao (New York-Capital Markets), David Ni (New York-Capital Markets), Jennifer Val (New York-Capital Markets) and Michael Blankenship (New York-Financial Institutions Advisory & Financial Regulatory).