McKay named president of Sheffield Financial

CLEMMONS, NC – March 20, 2017 – (Motor Sports Newswire) –  Sheffield Financial, a division of Branch Banking and Trust Company, today announced Jeff McKay has been named president effective April 1. This position was held previously by Jeff Ellison who will transition to a new role as loan administrator with the BB&T Commercial Real Estate and Commercial Credit Administration groups.

“We are fortunate to have Jeff McKay in this very important leadership role as he brings a wealth of proven leadership,” said Jack Snow, Sheffield Financial CEO. “Jeff’s background of success in operations, credit and sales-focused roles, combined with his entrepreneurial approach to business will provide a great foundation for his new responsibility at Sheffield.”

McKay, 53, joined BB&T in 1986, and has spent significant time as a subsidiary manager in Specialized Lending, giving him exposure to a number of BB&T’s specialized finance companies. Most recently he served as the director of Corporate Banking for the Community Bank. Prior to this role, McKay held multiple leadership positions of increasing responsibility in Corporate Loan Administration, Commercial Real Estate Owned sales, Specialized Lending and as a commercial credit officer and market president.

McKay received his bachelor’s degree in business administration from Campbell University’s Lundy-Fetterman School of Business and was a Graduate with Distinction from the Stonier Graduate School of Banking at the University of Delaware. He was also a 1986 graduate of BB&T’s Leadership Development Program. Still active with his family’s farm, as well as an avid hunter and outdoorsman, McKay understands the unique requirements demanded by Sheffield clients.

About Sheffield Financial

Clemmons, N.C.-based Sheffield Financial is a division of Branch Banking and Trust Company, which is a subsidiary of BB&T Corporation (NYSE: BBT). Sheffield, which has financed more than $17 billion in loans since its founding in 1992, currently services more than 30,000 outdoor power equipment, power sports and trailer dealers nationwide. The company provides retail financing options in all 50 states for more than 250 manufacturers of outdoor power equipment, trailers and power sports equipment, such as snowmobiles, all-terrain vehicles, side-by-side vehicles, motorcycles and personal watercraft. For more information about Sheffield Financial, visit SheffieldFinancial.com.

Source: BB&T Corporation

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