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Regulators issue consent order to BB&T unit

The FDIC and the North Carolina Commissioner of Banks issued a consent order to Winston-Salem, N.C.-based Branch Banking and Trust Co., a unit of BB&T Corp.

The order was issued over internal control deficiencies related to the bank's Bank Secrecy Act and Anti-Money Laundering compliance program. BB&T said it expects to enter into a similar order from the Federal Reserve in the near future, according to a Form 8-K filed Dec. 20.

The filing said that no criminal activity has been identified as the result of the deficiencies and no financial penalty was levied.