WINSTON-SALEM, N.C.,
May 26, 2016 /PRNewswire/
-- BB&T Corporation (NYSE: BBT) today announced President
of Branch Banking and Trust and President, Community Banking Ricky
K. Brown will retire effective
Dec. 15, 2016, and Senior Executive
Vice President and Chief Marketing Officer and Lending Group
Manager Steven B. Wiggs will retire
effective Sept. 30, 2016.
With a banking career spanning almost 40 years, Brown, 60, leads the Community Banking division,
which encompasses retail and small business banking in its 2,137
financial centers with more than 15,000 associates in 26
geographical regions as of March 31,
2016. The division includes commercial, real estate and
regional corporate banking, and Brown
is also responsible for sales of payment products including
treasury, international, BB&T@Work, merchant services and
payroll. A member of the Executive Management team since 2004,
Brown was named president, Branch
Banking and Trust Company Inc. in 2014.
"Ricky has done an outstanding job leading our unique community
banking approach in a time of dramatic growth and tremendous
challenges. His energy and passion was instrumental in the
development and execution of our consumer and business sales
culture, and in championing our innovative digital banking
platform, U by BB&T," said BB&T Chairman and CEO
Kelly King. "His personal and
friendly demeanor will be missed by all, and I know he will have a
tremendous, positive influence on whatever pursuits he chooses in
this new phase of life."
After graduating from BB&T's Management Development Program
in 1977, Brown had early success
serving in business development roles in several of BB&T's
original markets in eastern North
Carolina. After stints as a regional corporate banker and
city executive, he was named regional president of the Charlotte
Metro region. Later, Brown pioneered
BB&T's culture in one of the company's first large metropolitan
markets as group president of the Washington, D.C., Metro region. Under
Brown's leadership, the community bank
has grown from 1,413 financial centers and $61.4 billion in average deposits in 2004 to
2,137 financial centers, and $127.8
billion in average deposits as of March 31, 2016. In addition, the community bank
has expanded its footprint from the southeastern U.S. to the
mid-Atlantic and Texas.
"My career with BB&T has been extraordinary and has been
made so by the great associates I've been blessed to work with.
Serving our clients has been a great privilege as well. I'll miss
these associations that made my work so pleasurable and rewarding,
but it's the right time to start a new chapter in my life. There's
no doubt BB&T remains in good hands, and I'm certain it will
continue to flourish in the future. I'm thankful for my good health
and the opportunity to apply my purpose and passion to the second
half of my life," Brown said.
Brown was raised in Robersonville, N.C., and graduated with a
bachelor's degree in business administration from the University of North Carolina at Chapel Hill.
Brown is also a graduate of the School
of Banking of the South at Louisiana State
University and the Wharton Executive Development
Program.
He currently serves on the board of the North Carolina Chamber of Commerce.
Brown is also a former board member of
Brenner's Children's Hospital, Carolina Partnership, Charlotte Chamber of Commerce, Charlotte
Mecklenburg Education Foundation, Greater
Washington Board of Trade, George Mason
University Foundation, and UNC-Charlotte Foundation.
Brown also served on the Board of
Visitors at Davidson College in
Davidson, N.C.; the Board of
Trustees for Southeastern University in
Washington, D.C.; and as trustee for the Virginia Foundation
for Independent Colleges in Richmond,
Va.
Wiggs, 58, has also spent his entire 37-year banking career with
BB&T. Named to the Executive Management team in 2003, Wiggs is
responsible for all marketing efforts and oversees the Lending
Group, which includes mortgage, dealer finance and specialized
lending businesses.
"Steve is a natural leader, and his fair and balanced approach
has served our company well in many different roles," King said.
"His superior execution skills enabled us to expand our Wealth
division, establish our sports marketing program and enhance our
unique integrated relationship management approach with a new
technology platform. Under his leadership, our lending businesses
have expanded and further diversified our revenue sources, well
positioning BB&T for continued success. I know Steve is looking
forward to spending more time with his family, traveling and
continuing with his charity interests. And, we wish him the
best."
A graduate of BB&T's Management Development Program in 1979,
Wiggs began his career as a business services officer in several of
BB&T's original markets in eastern North Carolina. After serving within the
credit department as an area loan administrator, Wiggs returned to
the Community Bank in several business sales leadership roles
before becoming regional president of the Catawba Valley and Piedmont Community Banking
regions. In 2003, Wiggs led the expansion of the Wealth Management
division, which is today regularly named among the top wealth
managers in the nation. In 2005, he was named as the corporation's
first chief marketing officer and launched BB&T's sports
marketing program with a NASCAR sponsorship. Wiggs assumed
responsibilities for the Lending Group in 2009, which has expanded
nationally and experienced growth in loans from $13.96 billion to $25.06
billion as of Dec. 31,
2015.
"I am looking forward to this next phase of life as I transition
to retirement, but I will miss the associates who make BB&T
what it is today," Wiggs said. "When I joined a small eastern
North Carolina bank in 1979, I
could have never envisioned we would one day become one of the top
10 financial services companies in the country. The last 13 years
on the Executive Management team of BB&T has been the most
challenging and rewarding experience of my career. But, I'm so
proud that, not only did we survive in some tough economic times,
we've thrived and have become a respected leader in our industry. I
am grateful for the opportunity to contribute to our management
team under Kelly's leadership."
Born in Kinston, N.C., Wiggs
graduated with a bachelor's degree in business management from
North Carolina State University. He is
also a graduate of the Young Executives Institute at the
University of North Carolina at Chapel
Hill and the Leadership Development Program at the Center
for Creative Leadership.
Wiggs currently serves on the boards of the Piedmont Triad
Charitable Foundation and North Carolina Amateur Sports and was the
2015 Honorary Chairman of the Wyndham Championship. Through the
years, he has served his industry and the community in a variety of
ways including serving on the boards of the American Bankers
Association, United Way of Forsyth
County, Senior Services Inc. of Winston Salem and Forsyth County and as a past chair of the
Winston-Salem Chamber of
Commerce.
David H. Weaver, senior executive
vice president and Community Bank group executive, will assume the
leadership role for the Community Bank effective Jan. 1, 2017. Weaver, 49, is a 27-year banking
veteran and was appointed to BB&T's Executive Management team
Jan. 1, 2016. "I have worked closely
with Ricky for the last 10 years, and he has been a great friend
and mentor. I have the greatest admiration and respect for his
leadership, and am honored and excited to follow in his footsteps,"
Weaver said.
"Ricky and Steve shared with me last year their desire to
retire. Our Executive Management team continues to be thoughtful
about our long-term succession planning, and we expect to share
additional announcements later this year," King added. "With an
average of 26 years of BB&T career experience represented on
our Executive Management team, we are well positioned for the
future."
About BB&T
BB&T is one of the largest financial services holding
companies in the U.S. with $212.4
billion in assets and market capitalization of $26.0 billion, as of March
31, 2016. Based in Winston-Salem,
N.C., the company operates 2,137 financial centers in 15
states and Washington, D.C., and
offers a full range of consumer and commercial banking, securities
brokerage, asset management, mortgage and insurance products and
services. A Fortune 500 company, BB&T is consistently
recognized for outstanding client satisfaction by the U.S. Small
Business Administration, Greenwich Associates and others. More
information about BB&T and its full line of products and
services is available at BBT.com.
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SOURCE BB&T Corporation