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Truist Securities [5] Truist Insurance Holdings [6] Website. truist .com. Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. [7] The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks.
BB&T Corporation (previously known as the Branch Banking and Trust Company) was one of the largest banking and financial services firms in the United States, based in Winston-Salem, North Carolina. In 2019, BB&T announced its intentions to merge with Atlanta -based SunTrust Banks to form Truist Financial, which retains BB&T's stock price ...
SunTrust Banks, Inc. was an American bank holding company with SunTrust Bank as its largest subsidiary and assets of US$199 billion as of March 31, 2018. [2] The bank's most direct corporate parent was established in 1891 in Atlanta, where it was headquartered. As of September 2016, SunTrust Bank operated 1,400 bank branches and 2,160 ATMs ...
The merger will pressure other regional banks to consider their own deals, analysts said. U.S. regional lender BB&T Corp said it will buy rival SunTrust Banks Inc for about $28 billion in stock ...
BB&T and SunTrust (merger of equals) $66 billion. Bank failures can lead to acquisitions. In 2023, Silicon Valley Bank, Signature Bank and First Republic all failed as a result of customers ...
Southern banking giants BB&T and SunTrust announced they would merge in a $66 billion deal, the first big bank merger since the chaos of the 2008 financial crisis. The combined company will be the ...
Berks County Trust Company. Wyomissing Valley Bank, Temple State Bank, Mount Penn Trust Company, Reamstown Exchange Bank, Schuylkill Trust Company. Berks County Trust Company (1964 as American Bank and Trust Co or American Bankcorp) Wells Fargo. 1964. National Bank of Commerce. Texas National Bank.
BB&T’s new purchase will now make them the sixth largest bank in the U.S.