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Sheffield renews retail financing agreement with Suzuki

News release

Clemmons, N.C.-based Sheffield Financial, a division of Branch Banking and Trust Company, which is a subsidiary of BB&T Corporation BBT, has renewed its financing services agreement with Suzuki Motor of America, Inc. for an additional two years effective immediately.

The new contract covers installment financing for Suzuki motorcycles, scooters and ATVs distributed in the United States through a network of authorized Suzuki dealers.

Sheffield, founded in 1992 and acquired by BB&T in 1997, has a strong commitment to Suzuki and its dealers and customers.

“Sheffield has more than quadrupled the number of loans outstanding since the signing of our first contract with Suzuki back in January 2009,” said Jack Snow, Sheffield Financial president. “Our financing services agreements with strong powersports manufacturers such as Suzuki have fueled this growth.  Suzuki is an excellent company, and we are excited to continue our relationship.”

“Sheffield has consistently provided excellent financing programs and service to our customers,” said Dirk Gould, Sales Operations Manager, Suzuki Motor of America, Inc. “With the strong financial backing of BB&T, Sheffield is able to provide the type of national financing promotions that are important in supporting Suzuki dealers with retailing more industry-leading Suzuki products.  Sheffield truly is a leader in the financial services industry.”

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