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- In February 2019, SunTrust Banks announced its pending purchase by BB&T for $28 billion in an all-stock deal, creating the sixth largest U.S. lender, being the biggest bank deal since the 2007-2008 financial crisis. On December 6, 2019, the merger between BB&T and SunTrust closed, forming Truist Financial Corporation.
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Dec 9, 2019 · Clients can now use BB&T and SunTrust ATMs to make withdrawals without incurring out-of-network fees. The transition to the full Truist experience will occur as systems are integrated over the next two years.
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.
Jun 12, 2019 · BB&T Corp. and SunTrust Banks Inc. said Wednesday they will adopt the name Truist Financial Corp. when they close their merger, the biggest bank deal since the financial crisis. The companies...
- Allison Prang
Dec 9, 2019 · BB&T finalized its $28 billion purchase of SunTrust on Friday, completing a deal which will form Truist, the sixth-largest bank in the nation. The transition to the new Truist brand could take up to two years, the company said in a statement.
- Anna Hrushka
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,...
Dec 9, 2019 · Atlanta's biggest bank, SunTrust, and Winston-Salem's BB&T have merged, creating Truist, the U.S.'s sixth-largest bank. Branch closings are likely.
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