Truist Financial
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Dec 9, 2019 · CHARLOTTE, N.C., Dec. 9, 2019 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the completion of the merger of equals between BB&T Corporation and SunTrust Banks, Inc., effective Dec. 6, 2019. Truist is the sixth largest U.S. commercial bank, serving approximately 10 million consumer households and a full range of business clients, with leading market share in many of ...
Jan 4, 2024 · Truist plans to close 72 locations, or 3.5% of its branch network, by March, as the Charlotte, North Carolina-based bank responds to changes in client behavior, branch traffic and transaction volume, a bank spokesperson said Wednesday in a statement to Banking Dive. The firm said it sent customers a letter in mid-December explaining the branch ...
- Anna Hrushka
Sep 1, 2023 · A $45 billion government loan helped Bank America survive in 2008-09. In its 2019 annual report, King’s shareholder letter featured a chart showing BB&T’s stock decline of 10% in 2018, noting it was the best performance of 12 peer banks. SunTrust shares fell 19% that year.
- David Mildenberg
Feb 7, 2019 · The merger is an all-stock transaction, with SunTrust shareholders set to receive 1.295 shares of BB&T for every SunTrust share they own. BB&T shares were trading for $50.70 per share as of 9 a.m ...
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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 ...
Dec 9, 2019 · In one of the biggest banking deals in over a decade, BB&T Corp and SunTrust Banks have merged to form Truist Financial Corp. The "merger of equals" all-stock deal, announced in February, created ...
Dec 10, 2019 · BB&T and SunTrust Banks have wrapped up their previously announced $66bn merger to create a new entity called Truist Financial, headquartered in Charlotte, North Carolina. Truist Financial will have nearly $442bn in assets, $301bn in loans, and $324bn in deposits, making it the sixth largest commercial bank in the US as per the constituent bank holding companies.
