Truist Financial
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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. The bank's most direct corporate parent was established in 1891 in Atlanta , where it was headquartered.
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.
- December 6, 2019; 3 years ago (as Truist)
- Public
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On February 7, 2019, SunTrust and BB&T announced plans to combine in a merger of equals creating the sixth-largest U.S. bank holding company with 275 years of combined history and a culture serving clients and communities in high-growth markets.
Who we are. Truist is a purpose-driven financial services company, formed by the historic merger of equals of BB&T and SunTrust. We serve clients in a number of high-growth markets in the country, offering a wide range of financial services. This includes: Retail.
Dec 6, 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 ...
Sep 1, 2023 · The bank has deep roots in eastern North Carolina, just as SunTrust is famous for its Deep South history. Trust Company of Georgia helped underwrite the IPO of Coca-Cola in 1919 and its vault held the soft drink’s formula from 1925 until 2011. A 1985 merger with Orlando-based SunBanks created SunTrust.
Mar 11, 2005 · SunTrust Banks, based in Atlanta, was the thirteenth largest bank in the United States before it merged with BB&T to become Truist Financial in 2019. From its beginning the bank earned a reputation as a trust for well-to-do clients, but it also played a crucial role in recapitalizing regional investment. The stability and growth of the bank ...
