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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.
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The service can place multiple millions in deposits per customer and make all of it qualify for FDIC insurance coverage. [3] [4] A customer can achieve a similar result, as far as FDIC insurance is concerned, by going to a traditional deposit broker or opening accounts directly at multiple banks (although depending on the amount this could require a lot more paperwork).
William H. Rogers Jr. (born 1957/58) is an American businessman who is the chairman and chief executive officer of Truist Financial Corporation. He was previously chairman and chief executive officer of Atlanta-based SunTrust Banks. In December 2019, Charlotte-based Truist was created through a merger of equals between SunTrust and Winston ...
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