BB&T Corp. plans to offer brokerage products to customers of a small Washington bank it recently bought.

By February, mutual funds, bonds, and annuities will be sold at Franklin Bancorp.'s nine branches, said Michael W. Corrada, a senior vice president at BB&T's brokerage division.

The $27.2 billion banking company, based in Winston-Salem, N.C., will hire one representative to serve branches in Washington, Maryland, and Virginia, he added. Franklin will take on the BB&T name in February.

BB&T Funds, the bank's proprietary family, will be among the products sold. Franklin's branches will also sell funds from AIM Management Group, OppenheimerFunds, Federated Investors, American Funds Distributors Inc., John Nuveen & Co., Van Kampen American Capital Distributors Inc., Hartford Financial Services Group, John Hancock Funds Inc., and Nationwide Financial Services Inc.

The $170 million acquisition closed July 1.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.