First Virginia Bank, operating today as Branch Banking and Trust Company (BB&T), was one of the largest and oldest banks headquartered in Virginia. It was organized as a series of community banks which allowed for local decision-making and community investment. First Virginia Bank partnered with Mary Washington College to provide higher education opportunities in the Fredericksburg region during the period 1984-2003. In 2003, First Virginia Bank merged with BB&T, one of the largest financial services holding companies in the United States. BB&T endowed a scholarship for students enrolled in the College of Business in 2014 and continues to support the University's mission to prepare students to excel in the workforce and become leaders within our communities and in the world.