BB&T Scott & Stringfellow Details Growth Plans For Southeast
Homegrown Richmond Brokerage Firm Looks Forward As It Marks 120th Anniversary Today
RICHMOND, Va., May 20, 2013 /PRNewswire/ -- BB&T Scott & Stringfellow celebrates its 120th anniversary in business today, but the highly respected brokerage and financial services firm isn't looking in the rear-view mirror long as it plans for future growth.
"BB&T Scott & Stringfellow is proud of our rich heritage and deep community roots, and we're equally proud of our longtime affiliation with BB&T," said Bryan S. Cram, BB&T Scott & Stringfellow Private Client Group president. "We are excited about our ability to provide quality investment advice and comprehensive investment strategies. Our affiliation with BB&T Capital Markets, BB&T Wealth and BB&T Insurance Services enhances our capacity to meet the financial needs of clients in our legacy markets as well as new locations."
With two new offices already opened in Florida in the past six months – one in Jacksonville in December and another in Fort Lauderdale in early May – BB&T Scott & Stringfellow is pursuing expansion plans throughout the Southeast and mid-Atlantic regions. The firm expects to open a new office in the affluent Baltimore suburb of Hunt Valley, Md., later this year and is considering locations in Kentucky, Texas and Alabama for possible future openings.
BB&T Scott & Stringfellow was formed May 20, 1893, by Frederic William Scott and Charles S. Stringfellow Jr., who believed exceeding their clients' expectations was the best recipe for success.
"The firm has evolved into a highly respected regional brokerage firm recognized for lasting client relationships based on mutual respect and trust," said S. Buford Scott, chairman of BB&T Securities.
The firm became part of BB&T in 1999, and in early 2013, as part of a rebranding effort to highlight the benefits of the affiliation, combined names to become BB&T Scott & Stringfellow.
"The power of our partnership with BB&T has been based on common cultural values we share that reflect our founders' vision," Cram said. "As we continue to expand into new markets, we wanted our name to reflect this shared commitment to an exceptional client experience that we have the expertise, passion and resources to provide."
About BB&T Scott & Stringfellow
Founded in 1893, Richmond-based BB&T Scott & Stringfellow is a division of BB&T Securities, LLC, member FINRA/SIPC. BB&T Securities, LLC, is a full-service regional brokerage and financial services firm with 38 offices in Virginia, West Virginia, North Carolina, South Carolina, New Jersey, Georgia, and Florida. It is a wholly owned subsidiary of BB&T Corporation (NYSE: BBT). BB&T Securities, LLC, employs more than 1,000 people, including 240 financial advisors. For more information visit our website at BBTScottStringfellow.com.
BB&T (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with $181 billion in assets and market capitalization of $22.0 billion, as of March 31, 2013. Based in Winston-Salem, N.C., the company operates 1,842 financial centers in 12 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 J.D. Power and Associates, 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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