John A. Allison, Chairman and Chief Executive Officer, BB&T Corporation
John A. Allison is Chairman and Chief Executive Officer of BB&T Corporation, a $136.5 billion financial-holding company. Mr. Allison began his service with BB&T in 1971 in the Leadership Development Program and has managed a wide variety of responsibilities throughout the bank. He became President of BB&T in 1987 and was elected Chairman and Chief Executive Officer in July 1989.
During Mr. Allison's tenure as Chief Executive Officer, BB&T has become the 14th largest financial holding company in the United States. The asset base for the bank has grown from $275 million in 1971 to approximately $136.5 billion today. Currently, BB&T supports over 1,500 financial centers in eleven states and Washington, D.C. Mr. Allison's leadership has been marked by a commitment to build a culture of integrity connected to his belief that capitalism emanates from a moral base.
A Phi Beta Kappa graduate of the University of North Carolina at Chapel Hill, Mr. Allison received a Bachelors of Science degree in business administration in 1971. He received his master's degree in management from Duke University in 1974. Mr. Allison is also a graduate of the Stonier Graduate School of Banking and has received Honorary Doctorate degrees from Clemson University in 2005, East Carolina University in 1995, Mount Olive College in 2002 and Marymount University in 2008.
Mr. Allison is a member of the American Bankers Association and The Financial Services Roundtable. He serves on the Wake Forest University Baptist Medical Center Board of Visitors, the Board of Visitors at the Fuqua School of Business at Duke University and the Kenan-Flagler Business School at UNC-Chapel Hill. He is also a member of the boards of directors of The Financial Clearing House, Independent College Fund and the Global TransPark Foundation.
Mr. Allison recently announced his plan to retire as Chief Executive Officer on December 31, 2008 and continue to serve BB&T as Chairman of the Board. He will also work with colleges and universities who participate in BB&T's Moral Foundations of Capitalism program, which aims to develop an understanding of intellectual and moral underpinnings of a free enterprise system.
A native of Charlotte, N.C., Mr. Allison is married to the former Elizabeth McDonald of Elkin, N.C. They have two sons and one daughter - Eric, William and Sarah.