BB&T 2015 Annual Report Download - page 8

TableofContents
Operating Subsidiaries
Branch Bank (Winston-Salem, North Carolina), BB&T’s largest subsidiary, was chartered in 1872 and is the oldest bank headquartered in North Carolina.
Branch Bank provides a wide range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size
businesses, public agencies, local governments and individuals, through 2,139 offices (as of December 31, 2015). Branch Bank’s principal operating
subsidiaries include:
·BB&T Equipment Finance Corporation (Charlotte, North Carolina) provides loan and lease financing to commercial and small businesses;
·BB&T Insurance Services, Inc. (Raleigh, North Carolina) offers property and casualty, life, health, employee benefits, commercial general liability,
surety, title and other insurance products through its agency network;
·BB&T Investment Services, Inc. (Charlotte, North Carolina) is a registered broker-dealer and offers clients non-deposit investment products,
including discount brokerage services, equities, fixed-rate, variable-rate and index annuities, mutual funds, government and municipal bonds, and
money market funds;
·CRC Insurance Services, Inc. (Birmingham, Alabama) is a wholesale insurance broker authorized to do business nationwide;
·Crump Life Insurance Services, Inc. (Roseland, New Jersey) is a wholesale insurance broker authorized to do business nationwide;
·Grandbridge (Charlotte, North Carolina) specializes in arranging and servicing commercial mortgage loans;
·McGriff, Seibels & Williams, Inc. (Birmingham, Alabama) is authorized to do business nationwide and specializes in providing insurance products
on an agency basis to large commercial clients, including many Fortune 500 companies;
·Prime Rate Premium Finance Corporation, Inc. (Florence, South Carolina) and its subsidiaries, which include AFCO Credit Corporation, provide
insurance premium financing to clients in the United States and Canada; and
·Susquehanna Commercial Finance, Inc. (Malvern, Pennsylvania) provides loans and lease financing to commercial and small businesses.
Major Nonbank Subsidiaries
BB&T also has a number of nonbank subsidiaries, including:
·BB&T Securities, LLC (Richmond, Virginia) 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. BB&T Securities, LLC also provides
correspondent clearing services to broker-dealers and entities involved in the securities industry;
·Regional Acceptance Corporation (Greenville, North Carolina) specializes in nonprime, indirect financing for consumer purchases of primarily mid-
model and late-model used automobiles; and
·Sterling Capital Management, LLC (Charlotte, North Carolina) is a registered investment advisor, which provides tailored investment management
solutions to meet the specific needs and objectives of individual and institutional clients through a full range of investment strategies.
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. BB&T’s insurance operations primarily consist of a wholesale/agency network.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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