Today, Branch Banking & Trust, announced Tony Coley as the president of the company’s South Florida region. Coley currently serves as the company’s president of the Central Florida region, and will begin his new role on July 1, 2016.

He will replace Michael Oster, who is retiring on September 2 this year after a career of 42 years.

"This September will mark Mike's 30th anniversary with BB&T and its successor organizations," BB&T president Ricky Brown said. "In that time, Mike has built a distinguished career with BB&T, demonstrating his leadership and establishing our strong community banking approach.”

“We wish him the best in his next chapter of life and are thrilled he will continue to work with us as an executive coach with the BB&T Leadership Institute,” Brown said.

The company also expressed its excitement at having Coley fill the new role.

"We are very fortunate to have Tony fill this critical role," Brown said. "His knowledge of the South Florida market and proven ability to create and lead high-performing teams will continue the momentum and success Mike has cultivated."

Coley has almost 20 years of banking experience with different institutions in South Florida. He joined the company in 2009 through its acquisition of Colonial Bank of which he was president and CEO of its Southeast Florida Commercial Banking Division.

When he started at BB&T, he was the market president of Broward County, and was later promoted in 2012 to regional president of the Central Florida Region.

In addition, Coley is on the board of several local organizations including Central Florida Partnership, African-American Chamber of Commerce, Florida Hospital for Children, Business Force and Boy Scouts of Central Florida, where he is the vice president of finance. Coley is also on the Dean’s Advisory Board for the University of Central Florida Business school, and is a trustee of Bethune-Cookman University in Daytona Beach.

He earned his bachelor’s degree from the University of Miami, where he earned several awards including the university’s highest honor, the Miami’s Iron Arrow Honor Society.

"My family and I are very excited about returning home to South Florida," Coley said. "We've truly enjoyed our time in Central Florida and will always cherish the relationships we developed here. However, we look forward to getting reacquainted with the South Florida community."