Home Project
BB&T Corp. has gotten into reality television, though behind the scenes, as a consultant on ABC's "Extreme Makeover: Home Edition."Ray Sanders, an agency manager at BB&T Insurance Services, said in an interview Thursday that some of the unit's employees met with members of the King family in Charlotte, whose house is being revamped by the show, to help them understand how to price their personal effects for insurance purposes.
The fact that the family also runs a day care business out of their home increased their need for advice, he said.
In an episode scheduled to air this fall, the Kings' home, originally 1,900 square feet, was rebuilt and nearly tripled in size late last month and early this month.
Mr. Sanders said the Winston-Salem, N.C., company's insurance unit got involved at the request of Hanover Insurance Group Inc., of Worcester, Mass, which is handling the underwriting for the reality show. Hanover is not affiliated with BB&T.
Mr. Sanders said BB&T would like to be involved with more projects "depending on where they're located."
BB&T did not get a fee, and it is not expected to get an on-air mention, he said.
"On a local basis, you're able to say you were involved. Some of us also got to attend the unveiling so we also got to see how much goes on behind the scenes"
Morton on Board
Boston Private Financial Holdings Inc. said this week that John Morton 3rd, a former Bank of America Corp. executive, has joined its board."He brings a tremendous amount of banking industry experience and knowledge that will be extremely valuable in today's challenging economic climate," Timothy Vaill, Boston Private's chairman and chief executive officer, said in a press release.
Boston Private cited Mr. Morton's current experience on other boards and his past experience leading prominent bank units.
Most recently Mr. Morton was the president of Premier Bank, a B of A unit that serves affluent clients. Before that he had been the president of the Middle Atlantic region for the Charlotte company.
Mr. Morton, 65, retired from B of A in 2005. He currently is a director of Fortress International Group Inc., Barry-Wehmiller Cos. Inc., and Dynamac International Inc. "I'm very excited about the opportunity to serve as a director" of Boston Private, he said in the release.
Carlyle Group, which gained a seat on Boston Private's board last month after buying a 19% stake for $75 million, nominated Mr. Morton as a director. His election brought the total number of directors on Boston Private's board to 13.
