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Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks.
Truist was formed in December 2019, as the result of a “merger of equals” between SunTrust Bank (of which LightStream was a division) and BB&T. [2] Debuting in March 2013, LightStream is a financial services technology company that provides unsecured , personal loans to people with good credit rating , through a digital process.
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. The bank's most direct corporate parent was established in 1891 in Atlanta , where it was headquartered.
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In 1998, it was acquired by SunTrust Banks. At that time, it was the largest independent bank in Virginia. History. The bank was originally chartered as State Planters Bank of Commerce and Trusts on December 8, 1865 in Richmond.
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