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BB&T ANNOUNCES TERMINATION OF PLANS

 WILSON, N.C., Dec. 9 /PRNewswire/ -- BB&T Financial Corporation (NASDAQ-NMS: BBTF) today confirmed that its previously announced plans to acquire Key Risk Management Services, Inc. of Greensboro, North Carolina, have been terminated. The termination is based upon the mutual agreement of the managements of both BB&T and Key Risk.
 Key Risk is one of the state's leading providers of insurance claims processing services for self-funded workers compensation programs and qualified self-insureds and is a third party administrator which provides loss control and educational services for its clients. BB&T is a bank holding company and the parent of Branch Banking and Trust Company, North Carolina's oldest bank, and BB&T of South Carolina. Henry G. Williamson, Jr., President of BB&T, and Bobby G. Biggerstaff, Chief Executive Officer of Key Risk, both stated that the termination of proceedings to consummate the acquisition was amicable and that the future operations of both organizations would continue uninterrupted.
 -0- 12/9/93
 /CONTACT: B. Gloyden Stewart Jr., senior vice president Investor Relations, 919-399-4219, or Scott E. Reed, senior executive vice president and treasurer, 919-399-4418, both of BB&T/
 (BBTF)


CO: BB&T Financial Corporation; Key Risk Management Services, Inc. ST: North Carolina IN: FIN SU:

MM -- CH009 -- 2343 12/09/93 16:22 EST
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Publication:PR Newswire
Date:Dec 9, 1993
Words:213
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