MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, January 28, 2002 BB&T Makes a Buy BB&T Coporation is purchasing Ryan, Lee & Co., an investment banking and brokerage firm based in McLean, Virginia. Ryan, Lee will become a part of Scott & Stringfellow, a BB&T unit based in Richmond, Virginia. Patrick Ryan -- president of Ryan, Lee -- will become a managing director of Proprietary Trading by Scott & Stringfellow. Ryan, Lee offers personal investment services to individual investors and institutions in a number of arenas including mutual funds. According to John Sherman, president and ceo of Scott & Stringfellow, the purchase of Ryan, Lee improves his firm's presence in the Washington, D.C. area. "Our long relationship with Scott & Stringfellow was a major factor in our decision to combine our business," stated Ryan. "We're excited about the prospect of being united with BB&T and Scott & Stringfellow. We will be able to take advantage of many additional resources which will enable us to provide more extensive investment services to our clients." Printed from: MFWire.com/story.asp?s=27169 Copyright 2002, InvestmentWires, Inc. All Rights Reserved |