Businessweek

ed Florida specialty insurance company that underwrites property insurance risks for commercial condominium or cooperative associations; and Sterling Capital Management, LLC, a registered investment advisor and the advisor to the Sterling Capital Management Funds and Sterling Capital Variable Insurance Funds, provides tailored investment management solutions to meet the specific needs and objectives of individual and institutional clients through a full range of investment strategies, including domestic and international equity, alternative investment products and strategies, and fixed income investing. Services The company offer a variety of services targeted to retail and commercial clients. Its retail services include asset management, automobile lending, bankcard lending, consumer finance, home equity lending, home mortgage lending, insurance, investment brokerage services, mobile/online banking, payment solutions, retail deposit services, sales finance, small business lending, and wealth management/private banking. The company’s commercial services include asset management, association services, capital markets services, commercial deposit services, commercial finance, commercial middle market lending, commercial mortgage lending, institutional trust services, insurance, insurance premium finance, international banking services, leasing, merchant services, mortgage warehouse lending, payment solutions, real estate lending, supply chain management, and private equity investments. Lending Activities The company’s loan portfolio is approximately 50% commercial and 50% retail by design, and is divided into six major categories—commercial, direct retail, sales finance, revolving credit, residential mortgage and other lending subsidiaries. Its loan portfolio includes commercial, financial and agricultural loans; lease receivables; real estate-construction and land development loans; real estate-mortgage loans; and consumer loans. Investment Activities As of December 31, 2012, the company’s investment portfolio included securities of U.S. government-sponsored entities (GSE); mortgage-backed securities issued by GSE; states and political subdivisions; non-agency mortgage-backed securities; other securities; and covered securities. 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, CDs and individual retirement accounts. History BB&T Corporation was founded in 1906.