BB&T 2011 Annual Report Download - page 6

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• McGriff, Seibels & Williams, Inc., based in Birmingham, Alabama, which is authorized to do business
nationwide and specializes in providing insurance products on an agency basis to large commercial and energy
clients, including many Fortune 500 companies.
BB&T FSB is a federal savings bank. BB&T FSB provides services to clients throughout the United States and was
formed to help improve the operating efficiency of certain business activities for subsidiaries which are national in scope.
In addition to credit card lending, the following businesses operate as either subsidiaries or divisions of BB&T FSB:
• Sheffield Financial (a division of BB&T FSB), based in Clemmons, North Carolina, which specializes in loans to
small commercial lawn care businesses across the country for the purchase of outdoor power equipment and
loans to individuals for power sport and leisure equipment; and
• MidAmerica Gift Certificate Company, which specializes in the issuance and sale of retail giftcards through a
nationwide network of authorized agents.
Major Nonbank Subsidiaries
BB&T also has a number of nonbank subsidiaries, including:
• Scott & 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;
• Clearview 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;
• Regional Acceptance Corporation, which specializes in indirect financing for consumer purchases of primarily
mid-model and late-model used automobiles;
• American Coastal Insurance Company, an admitted Florida specialty insurance company that underwrites
property insurance risks for commercial condominium or cooperative associations; and
• Sterling Capital Management, LLC, a registered investment advisor and the advisor to the Sterling Capital
Management Funds and Sterling Capital Variable Insurance Funds, 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.
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