pany’s total loan portfolio. The company’s commercial lending program is generally targeted to serve small-to-middle market businesses. In addition, the company’s Corporate Banking Group provides lending solutions to large corporate clients. Commercial and small business loans are primarily originated through the company’s Community Bank. Direct Retail Loan Portfolio: The direct retail loan portfolio primarily consists of various loan products offered through the company’s branch network. Various types of secured and unsecured loans are marketed to qualifying existing clients and to other creditworthy candidates in the company’s market area. The majority of direct retail loans are secured by first or second liens on residential real estate and include both closed-end home equity loans and revolving home equity lines of credit. Sales Finance Loan Portfolio: The sales finance category primarily includes secured indirect installment loans to consumers for the purchase of new and used automobiles, boats and recreational vehicles. Such loans are originated through approved franchised and independent dealers throughout the company’s market area. Revolving Credit Loan Portfolio: The revolving credit portfolio consists of the outstanding balances on credit cards and the company’s checking account overdraft protection product, Constant Credit. The company markets credit cards to its existing banking client base and does not solicit cardholders through nationwide programs or other forms of mass marketing. Residential Mortgage Loan Portfolio: The company offers various types of fixed- and adjustable-rate loans for the purpose of constructing, purchasing or refinancing residential properties. The company primarily originates conforming mortgage loans, and jumbo and construction-to-permanent loans for owner-occupied properties. Other Lending Subsidiaries Portfolio: The company’s other lending subsidiaries portfolio consists of loans originated through BUs that provide specialty finance alternatives to consumers and businesses, including dealer-based financing of equipment for small businesses and consumers, commercial equipment leasing and finance, insurance premium finance, indirect nonprime automobile finance, and full-service commercial mortgage banking. The company offers these services to bank clients, as well as nonbank clients within and outside the company’s primary geographic market area. Securities Portfolio As of December 31, 2015, the company’s securities portfolio included U.S. treasury, U.S. government-sponsored enterprise, agency mortgage-backed securities, states and political subdivisions, non-agency mortgage-backed securities, other securities, and securities acquired from Federal Deposit Insurance Corporation (FDIC). Deposits Deposits are attracted principally from clients within the company’s branch network through the offering of a selection of deposit instruments to individuals and businesses, including noninterest-bearing checking accounts, interest-bearing checking accounts, savings accounts, money market deposit accounts, certificate of deposits, and IRAs. Strategy The company has maintained a long-term focus on a strategy that includes expansion of asset size and diversification in terms of revenues and sources of profitability. This strategy includes both organic growth and acquisitions of complementary banks and financial businesses. Regulation As a bank holding company (BHC) and a financial holding company (FHC) under federal law, the company is subject to regulation under the Bank Holding Company Act of 1956, as amended and the examination and reporting requirements of the Board of Governors of the Federal Reserve System. The bank, a North Carolina state-chartered commercial bank, is subject to regulation, supervision and examination by the North Carolina Commissioner of Banks, the FDIC and the Consumer Financial Protection Bureau. In addition to federal and state banking laws and regulations, the company and certain of its subsidiaries and affiliates, including those that engage in securities underwriting, dealing, brokerage, investment advisory and insurance
bb&t corp (BBT:New York)
200 West Second Street
Winston-Salem, NC 27101
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