Business Continuity Planning Statement
Bergen Capital ("BC"), a division of Scott & Stringfellow, Inc. which is a wholly-owned non-bank subsidiary of BB&T Corporation, which conducts business in fixed income, preferred stock, mutual fund securities and engages in private placements, maintains important disaster recovery and business continuity plans through our affiliation with our clearing firm, that may be activated in the event of a significant business disruption. The firm realizes the critical nature of being able to continue material operations if an incident occurs that could affect its mission-critical business units and systems. These plans are key components in maintaining emergency procedures and are required by securities industry regulations.
In planning for potential significant business disruptions, BC has studied a number of scenarios, including (as examples only) a disruption to a single building where it conducts business, a city-wide business disruption and a regional disruption. The firm's plans are intended to permit the continuation of key business operations during most types of disruptions and has been assured by its clearing agent that it can expect a resumption of its mission-critical operations within four hours to one business day of the disruption. To assist this business continuity, BC maintains alternate order taking and processing capabilities through alternate locations and back-up capabilities through its clearing agent.
In cases of extreme disruption, where the continuation of business may not be practical or in the best interest of the firm or its clients, BC has implemented steps necessary to allow clients prompt access to their funds and securities. If you cannot reach the BC branch office you normally do business with (GA, KS, NY), please contact BC's main office in NJ at (888) 322-2663. If you are unable to contact the BC main office, please contact BC's alternate business location in GA by calling (888) 887-8561. In addition, BC clients can find additional information on our website, www.bergencapital.com.
Please note, however, that clients should be aware of the fact that because BC's plan contains details of a confidential and proprietary nature, they cannot be distributed to the public. Clients should also note that BC's business continuity plan is subject to modification and that updated plans will be promptly posted on Bergen Capital's website www.bergencapital.com, as permitted by applicable law.