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Truist Financial Corporation is an American bank holding company headquartered in Charlotte, ... created jobs, and benefited the communities they operated within. In ...
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 sixth largest U.S. bank, and the merger was the biggest bank deal since the 2007–2008 financial crisis. Rogers became president and chief operating officer of Truist after the merger, and he ...
SunTrust Banks was an American bank holding company that merged with BB&T in 2019 to form Truist Financial. Learn about its origins, operations, controversies, and legacy from this Wikipedia article.
A table of the 100 largest bank holding companies in the U.S. ranked by total assets and market capitalization as of March 31, 2024. The list excludes some foreign banks with branches in the U.S. and defunct or acquired banks.
In March 2022, the bank closed five Charlotte-area branches because of overlap following the BB&T and SunTrust merger that formed Truist in 2019. In total, Truist planned to close 800 branches .
In 2019, regulators approved the merger of BB&T and SunTrust, creating a new institution to be called Truist. [6] King remains CEO and chairman of Truist. [7] In October 2019, the Triad Business Journal named him one of the year's "Power Players" in business. [8] He retired as the CEO in 2021 and Executive Chairman of Truist in 2022. [9]
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