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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. [1] [8] [9] Its bank operates 2,781 branches in 15 states and Washington, D.C., offering consumer and commercial banking, securities brokerage, asset ...
This is a partial list of major banking company mergers in the United States.
Truist is the nation's sixth-largest bank by assets, according to Federal Reserve data, but is still much smaller than coast-to-coast industry giants such as JPMorgan Chase ( JPM) or Bank of ...
William H. Rogers Jr. (born 1957/58) is an American businessman, who is the chairman and chief executive officer of Truist Financial Corporation . Prior to that he was chairman and chief executive officer of Atlanta-based SunTrust Banks, Inc. 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 ...
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Individual investors usually invest smaller amounts more frequently than institutional investors. For example, they may have money withheld from each paycheck for an employer-sponsored 401 (k) plan.
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.
Truist bank plans to close more branches in the Charlotte region, as well as elsewhere in North Carolina, as the bank grapples with $750 million in companywide cuts, including layoffs.
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