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BB&T Financial Center facts for kids
| BB&T Financial Center | |
|---|---|
BB&T Financial Center
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| General information | |
| Status | Complete |
| Type | Office |
| Location | 200 W. 2nd Street Winston-Salem, North Carolina, United States |
| Coordinates | 36°05′44″N 80°14′50″W / 36.0956°N 80.2473°W |
| Completed | 1987 |
| Height | |
| Roof | 340 feet (100 m) |
| Top floor | 264 feet (80 m) |
| Technical details | |
| Floor count | 21 |
| Design and construction | |
| Architect | Sherman Carter Barnhart |
The BB&T Financial Center is a tall building in Winston-Salem, North Carolina. It stands 340-foot (100 m) (about 103 meters) high and is made of green glass and steel. This building has a postmodern design, which means it mixes old and new styles.
Completed in 1987, the building has 21 floors and lots of office space. For many years, it was the main office for BB&T, a big bank. The 19th floor is home to The Piedmont Club, a special club with a large area for meetings and events.
Contents
Building History
Early Days and Ownership Changes
The building, first called One Triad Park, was finished in 1987. It cost about $24 million to build. A few years later, in 1991, Aetna Life Insurance Co. bought the building. This happened because the original owners could not pay back a large loan.
Southern National Bank Moves In
In the early 1990s, another bank called Southern National Bank was growing fast. Even though its main office was in Lumberton, North Carolina, the bank started moving some of its work to Winston-Salem. One Triad Park had plenty of space for Southern National to use right away.
By 1993, Southern National Bank was using eight floors of the building. Because of this, the building's name changed to Southern National Financial Center on May 3.
BB&T and Southern National Merge
On August 1, 1994, Southern National Bank and BB&T announced they would join together. They called it a "merger of equals." The new bank kept the name BB&T. The building then became known as the BB&T Financial Center. In May 1997, the company officially changed its name to BB&T Corp.
Later Sales and Truist Financial
Over the years, the BB&T Financial Center was sold to different companies. In 1996, Parkway Properties Inc. bought the building for $25.5 million. Later, in 2003, it was sold again to Cabot Investment Properties for $27 million.
In December 2011, Inland Private Capital Corp. bought the building for $34.1 million. BB&T still used most of the building's space. In late 2014, investors bought the building for $60 million. This was a record price for office space in Winston-Salem at the time.
After BB&T joined with another bank to become Truist Financial in 2019, the company decided to move its main office to Charlotte. Most Truist employees in Winston-Salem moved to other locations in the city, though a branch office still remains in the building.