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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 .
In December 2019, Charlotte-based Truist was created through a merger of equals between SunTrust and Winston-Salem-based BB&T. Truist is currently the sixth largest U.S. bank, and the merger was the biggest bank deal since the 2007–2008 financial crisis. Rogers became president and chief operating officer of Truist after the merger, and he ...
Sovran Financial Corp. Suburban Bank Sovran Financial Corp. Bank of America: 1985 SunTrust Banks: Third National Corporation SunTrust Banks: Truist Financial: 1986 NBD Bancorp: Peoples Bank of Port Huron: NBD Bancorp: $22 million JPMorgan Chase: 1986 NBD Bancorp: Midwest Commerce Corporation: NBD Bancorp: $61 million JPMorgan Chase: 1986 NBD ...
Truist Financial. Truist is the bank formed by the merger of BB&T and SunTrust. Truist provides financial services to about 12 million consumer households, as of 2020.
In March 2022, the bank closed five Charlotte-area branches because of overlap following the BB&T and SunTrust merger that formed Truist in 2019. In total, Truist planned to close 800 branches .
At the time of the sale, Bank of America occupied 322,311 square feet (29,943.7 m 2), [25] and the building was 94% leased. [26] On 12 June 2019, it was announced that Truist Financial, a bank holding company to be formed from the merger of BB&T and SunTrust Banks, had selected Hearst Tower for its future new corporate headquarters. [27]
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 ...
LightStream is an American online lender that is a division of Truist Bank. [1] 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 ...
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