BB&T 2010 Annual Report Download - page 15
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Please find page 15 of the 2010 BB&T annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Major Nonbank Subsidiaries
BB&T also has a number of nonbank subsidiaries, including:
ŠScott & Stringfellow, LLC, which is a registered investment banking and full-service brokerage firm that
provides services in retail brokerage, equity and debt underwriting, investment advice, corporate finance
and equity research; and facilitates the origination, trading and distribution of fixed-income securities and
equity products in both the public and private capital markets. It also has a public finance department
that provides investment banking, financial advisory services and debt underwriting services to a variety
of regional taxable and tax-exempt issuers. Scott & Stringfellow’s investment banking and corporate and
public finance areas conduct business as BB&T Capital Markets;
ŠClearview Correspondent Services, LLC is a broker-dealer providing correspondent clearing services to
other broker-dealers and entities involved in the securities industry. As a correspondent clearing firm, it
provides clearing services to affiliated and unaffiliated broker-dealers;
ŠRegional Acceptance Corporation, which specializes in indirect financing for consumer purchases of
primarily mid-model and late-model used automobiles;
ŠAmerican Coastal Insurance Company, an admitted Florida specialty insurance company that
underwrites property insurance risks for commercial condominium or cooperative associations; and
ŠSterling Capital Management, LLC, a registered investment advisor and the advisor to the BB&T Funds
(the BB&T Funds were renamed Sterling Capital Funds in February 2011), provides tailored investment
management solutions to meet the specific needs and objectives of individual and institutional clients
through a full range of investment strategies, including domestic and international equity, alternative
investment products and strategies, and fixed income investing.
Services
BB&T’s subsidiaries offer a variety of services targeted to retail and commercial clients. BB&T’s objective is
to offer clients a full array of products to meet all their financial needs.
Retail: Commercial:
Bankcard lending Asset management
Consumer finance Association services
Home equity lending Capital markets services
Home mortgage lending Commercial deposit services
Insurance Commercial finance
Investment brokerage services Commercial middle market lending
Mobile/online banking Commercial mortgage lending
Payment solutions Institutional trust services
Sales finance Insurance
Small business lending Insurance premium finance
Wealth management/private banking International banking services
Leasing
Merchant services
Mortgage warehouse lending
Payment solutions
Real estate lending
Supply chain management
Venture capital
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