BB&T in Winston-Salem, N.C., has filled a key role that would have been vacated in a few months.
The $212 billion-asset company said in a press release Tuesday that Brant Standridge will succeed Steven Wiggs as its lending group manager on Aug. 1. Wiggs announced in May that he would retire on Sept. 30, though BB&T did not name his replacement at that time.
Standridge, president of BB&T’s north Texas region, will be responsible for managing BB&T’s specialized businesses, including insurance premium finance, equipment finance and Grandbridge Real Estate Capital.
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Kelly King promised "additional announcements later this year" tied to long-term succession planning, and it was initially unclear if he was referring to his own retirement plans. BB&T later said that King would be CEO for the "foreseeable future."
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The regional bank has extensively studied the viability of such platforms, but has been unable to develop a plan to fits its risk appetite.
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At least three community banks have hired lenders who once worked at banks bought by BB&T. The question is whether those lenders can coax their clients to also make a switch.
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Standridge is one of three employees tapped to join BB&T’s executive management team. The others are Dontá Wilson and Jim Godwin.
Wilson, who is president of BB&T’s northern Georgia region, was named chief experience officer. In that role, he will work to improve BB&T’s enterprise sales and client service performance. His duties including corporate marketing to multicultural banking.
Godwin was promoted to deputy chief risk officer in January.
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