Sheffield Financial, a division of Branch Banking and Trust Company, announced that Jeff McKay will replace Jeff Ellison as the company's president, effective April 1. Ellison 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, 53, 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.
McKay received his bachelor's degree in business administration from Campbell University's Lundy-Fetterman School of Business and was a Graduate with Distinction from the Stonier Graduate School of Banking at the University of Delaware. He was also a 1986 graduate of BB&T's Leadership Development Program. Still active with his family's farm, as well as an avid hunter and outdoorsman, McKay understands the unique requirements demanded by Sheffield clients.