BB&T Corporation (NYSE: BBT) and Richard Childress Racing (RCR) have reached a two-year agreement for the full-service financial institution to sponsor RCR’s No. 2 Chevrolet Monte Carlos and driver Clint Bowyer in the NASCAR Busch Series and become the Official Bank of Richard Childress Racing.

[Right: Team Owner Richard Childress]

Bowyer is scheduled to compete in 17 races each in the 2007 and 2008 NASCAR Busch Series seasons beginning with the February 17 Daytona 300 at Daytona International Speedway.

“As a Winston-Salem native and someone who’s had a banking relationship with BB&T for some time now, I’m thrilled BB&T decided to get into racing, and to do it with us,” said Richard Childress, president and CEO of Richard Childress Racing. “This is a special partnership that will pair Clint Bowyer, one of our sport’s exciting young talents, with BB&T, one of the nation’s top financial services providers. BB&T’s reputation for home-town, personal service is something our fans will certainly respect and appreciate.”

[RCR PR]