BB&T Corporation, headquartered in Winston-Salem, N.C., is among the nation's top financial-holding companies with $159 billion in assets and market capitalization of $18.7 billion, as of June 30, 2011. Its bank subsidiaries operate approximately 1,800 financial centers in the Carolinas, Virginia, West Virginia, Kentucky, Georgia, Tennessee, Maryland, Florida, Alabama, Indiana, Texas and Washington, D.C. Market share rankings in deposits: No. 1 in West Virginia; No. 3 in the Carolinas and Virginia; No. 4 in Kentucky; No. 5 in Alabama, Florida and Georgia; No. 6 in Tennessee; No. 7 in Maryland and Washington, D.C. (June 30, 2010 FDIC Deposits, SNL). BB&T's operating strategy distinguishes it from other financial holding companies. BB&T's banking subsidiaries are organized as a group of community banks, each with a regional president, which allows decisions to be made locally, close to the client. This also makes BB&T's client service more responsive, reliable and empathetic.