McKay Named President of Sheffield Financial



Sheffield Financial, a division of Branch Banking and Trust, named Jeff McKay 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 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.

Clemmons, NC-based Sheffield Financial is a division of Branch Banking and Trust Company, which is a subsidiary of BB&T Corporation. 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.


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