BB&T-SunTrust merger creating Truist Financial set to close

//BB&T-SunTrust merger creating Truist Financial set to close

BB&T-SunTrust merger creating Truist Financial set to close

Winston-Salem-based BB&T Corp. and Atlanta’s SunTrust Banks Inc. will become Truist Financial Corp. as of midnight, closing out this year’s largest — and most talked about — bank merger. The new bank will be headquartered in Charlotte. The companies, billing the transaction as a merger of equals, valued the all-stock deal at $66 billion. Federal regulators signed off on the deal in November. BB&T shares will become Truist shares and trade under the TFC ticker symbol. SunTrust shareholders…

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By | 2019-12-06T23:49:48+00:00 December 6th, 2019|Economics|

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