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On February 7, 2019, BB&T Corporation reported that it would acquire SunTrust to create the sixth-largest US bank, with assets of $442 billion and market capitalization around $66 billion. BB&T will be the nominal survivor, but the merged bank will be headquartered in Charlotte under a new name, Truist Financial Corporation. However, Truist ...
To separate the recovering bank from the then-founded Dezennium-Finanz AG (DFAG), assets that did not comply with the Berner Kantonalbank’s new business and credit policy were transferred to DFAG in 1993. In order to support the restructuring of their bank, the canton of Bern allocated a total of CHF 1.45 billion over the subsequent years.
Allison is a major contributor to the Ayn Rand Institute (ARI) and assigned Rand's Atlas Shrugged to all of his senior executives. [5] Calling Atlas Shrugged "the best defense of capitalism ever written", Allison has seen to it that "the BB&T Charitable Foundation has given 25 colleges and universities several million dollars to start programs devoted to the study of Rand's books and economic ...
On August 14, 2009, the bank failed and its 346 branches were seized by regulators. $22 billion of the bank's deposits were subsequently sold by the FDIC to BB&T Corp. The bank's failure was the largest bank failure in 2009 and the sixth-largest bank ever to fail in the United States, costing the FDIC's Deposit Insurance Fund an estimated $2.8 ...
Amerant Bank Arena (previously known as the National Car Rental Center, Office Depot Center, BankAtlantic Center, BB&T Center, and FLA Live Arena) is the largest indoor arena in Florida and is located next to Sawgrass Mills in Sunrise, Florida, United States. It is the home venue for the Florida Panthers of the National Hockey League. It was ...
2012: SEC files a civil lawsuit against BankAtlantic and Chairman and CEO Alan B. Levan over allegations that they misled investors about the loan problems at the bank [12] 2012: BankAtlantic-BB&T deal blocked by Delaware judge citing the "deal violated rights of investors" [13] 2012: After renegotiation, BB&T acquires BankAtlantic. [14]
The bank's first acquisition out of state was the failing First National Bank of Crosby, Texas in February 1987. Central Bancshares became the first bank in Alabama to own a bank in another state and the first out-of-state bank to own a bank in Texas. [1] D. Paul Jones took over the CEO position from Brock in 1991. [6]