The new branches will be set up in Dallas/Fort Worth, Houston, San Antonio and Austin in line with ongoing expansion strategy, which doubles BB&T’s banking presence in the region, the firm said.
BB&T Texas region president Kay John said that these four cities present a good business opportunity for the company.
"Our deposits in Texas have grown by 68 percent since 2009, and our loan portfolio stands at $1.65 billion," John added.
Under the proposed expansion plan, it will open nearly 11 new branches in Dallas/Fort Worth, 11 in Houston, and up to four in each Austin and San Antonio.
The company will invest over $40m for the aforesaid expansion plan, which will also create 150 new jobs and might increase further, depending on performance of the branches.
BB&T had $182bn in assets and market capitalization of $23.2bn, as of 30 September 2012, and the company manages almost 1,850 financial centers in 12 states and Washington.
