BB&T has dropped Don Beason as a lobbyist.
According to officials with Secretary of State Elaine Marshall's office, the Winston-Salem-based bank terminated its lobbying contracts Thursday with Beason and his son, Mark.
At a state sentencing hearing last month, disgraced former House Speaker Jim Black admitted that he received a $500,000 loan from Beason in 2000.
The following day, Beason resigned from a state lobbyist association.
Often ranked as a top lobbyist in recent years, Beason's client list includes Dale Earnhardt Inc. and the Carolina Ballet.
The forms were signed by BB&T vice president Ed Simpson.
Update: "It was the right thing to do," said company spokesman Bob Denham. "That's all I'm going to say."
Update: A spokeswoman for Progress Energy says they accepted his resignation on Aug. 3. The termination has not yet been filed with the Secretary of State.
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