WINSTON-SALEM, N.C.,
June 18, 2019 /PRNewswire/
-- Sheffield Financial, a division of Branch Banking and Trust
Company, and BRP US, Inc. (BRP), recently agreed to a multiyear
financing services agreement, effective immediately.
The agreement allows Sheffield to provide lending services to
BRP customers across all 50 U.S. states to the BRP dealer network.
The contract covers installment financing for Sea-Doo®
watercrafts, Can-Am® all-terrain, side-by-side and
on-road vehicles, Ski-Doo® snowmobiles,
Evinrude® engines, Alumacraft® boats, and
Manitou® pontoon boats.
Sheffield, founded in 1992 and acquired by BB&T in 1997, has
a strong commitment to our manufacturers, dealers and end-user
clients. Sheffield Financial CEO Jeff
McKay said, "Sheffield and BRP have worked closely together
for a number of years to bring easy, simple and fast
retail-financing options to the BRP dealer network, and we're
excited to continue in this winning partnership."
''As a leader in the industry, we're pleased to extend this
agreement with Sheffield Financial, a company who shares our
passion for powersports. We appreciate Sheffield's commitment to
both BRP and our dealers' retail sales success,'' said Sandy Scullion, senior vice president, Global
Retail & Services at BRP.
About Sheffield Financial
Winston-Salem, 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
Financial, which has financed more than $25
billion in loans since its founding in 1992, currently
services more than 15,000 outdoor power equipment, power sports and
trailer dealers nationwide. The company provides retail financing
options in all 50 states for 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.
About BB&T
BB&T is one of the largest
financial services holding companies in the U.S. with $227.7 billion in assets and market
capitalization of approximately $35.6
billion as of March 31, 2019.
Building on a long tradition of excellence in community banking,
BB&T offers a wide range of financial services including retail
and commercial banking, investments, insurance, wealth management,
asset management, mortgage, corporate banking, capital markets and
specialized lending. Based in Winston-Salem, N.C., BB&T operates more
than 1,800 financial centers in 15 states and Washington, D.C., and is consistently
recognized for outstanding client service by Greenwich Associates
for small business and middle market banking. More information
about BB&T and its full line of products and services is
available at BBT.com.
Contacts:
|
Jeff
McKay
|
David
White
|
CEO
|
Vice
President
|
Sheffield
Financial
|
BB&T Corporate
Communications
|
336-766-1388
|
336-733-1471
|
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SOURCE BB&T Corporation