BB&T names two new Executive Management team members

WINSTON-SALEM, N.C., Aug. 29, 2012 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) today named two new members to its Executive Management team. The announcement, which is effective immediately, is part of a long-term plan to increase its top leadership group.

Rufus Yates, president and CEO of Scott and Stringfellow LLC and manager of BB&T Capital Markets, and Cynthia Williams, chief corporate communications officer, will join the 10 current members on the Executive Management team, which sets policy and direction for the corporation.

"These moves position our management team for the future," said Chairman and Chief Executive Officer Kelly S. King. "Rufus and Cynthia are both proven leaders who, along with the rest of our management team, will continue to build on our 140-year legacy as a solid and stable financial institution."

As president and CEO of Richmond, Va.-based Scott and Stringfellow, Yates, 55, is responsible for the Private Client Group and Capital Markets activities. In addition, he oversees Clearview Correspondent Services LLC, BB&T's securities clearing broker dealer.

As executive vice president and manager of Winston-Salem-based BB&T Capital Markets, Yates also is responsible for the corporate banking, loan syndications, and interest-rate derivative groups. 

He serves on the boards of several BB&T subsidiaries including BB&T Capital Partners, Sterling Capital Management, and Farr and Associates.

"I am very pleased to be joining BB&T's Executive Management team. BB&T has a long history of serving clients and growing shareholder value, and I look forward to being part of the bright future of our company," Yates said.

A native of Chadbourn, N.C., Yates joined BB&T as part of the Southern National merger in 1995. A 33-year banking veteran, Yates served as a city executive and managed corporate banking activities before assuming his current responsibilities.

Prior to joining BB&T, he served as a chief lending officer and managed corporate relationships throughout the southeastern United States.

Yates serves on the High Point University Board of Visitors and is an active member of the ABA Securities Association, Securities Industry and Financial Markets Association, and U.S. Chamber of Commerce – Center for Capital Markets Competitiveness.

Yates earned his bachelor's degree in economics at the University of North Carolina at Chapel Hill. He also holds Series 7, 66 and 24 securities licenses.

As executive vice president and chief corporate communications officer of Winston-Salem-based Brand and Communications Strategy, Williams, 59, leads BB&T's corporate advertising, marketing strategy, sports marketing and communications groups.

"I'm excited to have a role in setting policy and direction for our organization as we face the many industry and global challenges of the future," Williams said.

A native of Yokohama, Japan, Williams joined BB&T in 2003 as part of the First Virginia Bank
merger. Williams, who has 26 years of financial services experience, served as regional branch operations manager before moving to Winston-Salem to manage Sarbanes-Oxley compliance. She has served as chief corporate communications officer since 2009.

Prior to joining BB&T, Williams began her career in public accounting and later was responsible for internal audit and retail bank sales and administration.

Williams serves on the boards of the Winston-Salem Foundation and Winston-Salem State University Foundation and is a member of the Northwest Piedmont Workforce Development Board, National Black Theatre Festival Finance Committee, Winston-Salem Chapter of the Links Inc. and the Women's Leadership Council for BB&T and United Way of Forsyth County.

Williams earned her bachelor's degree in business administration from Wayne State University and her MBA from James Madison University. She is also a graduate of the ABA Stonier Graduate School of Banking.

BB&T's other Executive Management team members include King, Chief Operating Officer Chris Henson, President of Community Banking Ricky Brown, Chief Financial Officer Daryl Bible, Chief Risk Officer Clarke Starnes, Enterprise Risk Manager Barbara Duck, Administrative Services Manager Rob Greene, Deposit Services Manager Donna Goodrich, Chief Marketing Officer and Lending Group Manager Steve Wiggs and Operations Division Manager Leon Wilson.

BB&T last expanded its Executive Management team in December 2006.

About BB&T

BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with $178.5 billion in assets and market capitalization of $21.6 billion, as of June 30, 2012. Based in Winston-Salem, N.C., the company operates approximately 1,800 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 www.BBT.com.

SOURCE BB&T Corporation

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