The bank is currently located at the "five points" intersection of St. John, Green and Washington streets.
The new bank location will be on the first floor of a new multi-use property in the 200 block of Market St., sources said.
The transition should be complete by the end of spring, one source said.
There are no immediate plans for the current bank property, according to sources.
The property is owned by Branch Banking and Trust, with a mailing address in Winston-Salem, NC, according to tax records.
A spokesman with BB&T corporate communications returned a message from Patch seeking comment Thursday, but could not immediately say what the plans were for the current bank property.
One potential use is for civic purposes—the property was included in the 1997 Paresi Study as a proposed town green/amphitheatre. However, the property does have a view of the Susquehanna River, and its location in the center of the downtown arts and entertainment district likely would draw interest from various developers.
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