For banks building mutual fund businesses, the best place to start is right at home.

That's the advice of Richard A. Davies, president of First Chicago Investment Services Inc. and Eugene G. "Trip" Purcell 3d, vice president and manager of Branch Banking and Trust Co. Both First Chicago and BB&T, which is based in Wilson, N.C., have taken the plunge into the funds.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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