BB&T's Vaughan named BISA president-elect

CHARLOTTE, N.C., March 30 /PRNewswire-FirstCall/ -- BB&T Investment Services Inc. today said that the Bank Insurance & Securities Association (BISA) board of directors has elected John D. Vaughan Jr. as the association's next president. He will assume the post in 2007 and serve a two-year term.

Vaughan, who joined the bank in 1983, is president of BB&T Investment Services. He is based at 200 S. College St.

Vaughan was named president-elect at the BISA annual meeting in Hollywood, Fla.

Charlotte, N.C.-based BB&T Investment Services (member NASAD, SIPC), a full-service broker/dealer, is a wholly owned subsidiary of Branch Banking and Trust Company. With more than $6 billion in assets invested, BB&T Investment Services currently serves more than 300,000 clients.

Formed in 2002, BISA is the nation's leading trade association dedicated to serving the needs of those responsible for marketing securities, insurance and other investment and risk management products through commercial banks, trust companies, savings institutions and credit unions.

The membership includes financial institutions of all sizes; their broker/dealer, insurance and mutual fund subsidiaries; and firms providing products and/or services to support these operations. More information on BISA is available at http://www.bisanet.org/.

Branch Banking and Trust Company is the principal subsidiary of Winston- Salem, N.C.-based BB&T Corporation .

BB&T Corp. and its subsidiaries offer full-service commercial and retail banking and additional financial services such as insurance, investments, retail brokerage, corporate finance, payment services, international banking, leasing and trust.

BB&T operates more than 1,400 financial centers in the Carolinas, Virginia, West Virginia, Maryland, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana and Washington, D.C.

With $109.2 billion in assets, BB&T Corp. is the nation's ninth largest financial holding company. More information is available at http://www.bbandt.com/.

Investment and/or insurance products offered through BB&T Investment Services Inc. are not deposits or other obligations of Branch Banking and Trust Company or any affiliate. They are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other agency of the U.S. government, Branch Banking and Trust Company or any affiliate. In case of a product that is subject to investment risk, there is a possible loss of value.