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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.
BB&T Corporation (previously known as the Branch Banking and Trust Company) was one of the largest banking and financial services firms in the United States, based in Winston-Salem, North Carolina. In 2019, BB&T announced its intentions to merge with Atlanta -based SunTrust Banks to form Truist Financial , which retains BB&T's stock price ...
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 ...
BB&T: Southern National Corp. BB&T: Truist Financial: 1995 Fleet Financial Group, Inc. Shawmut National Corp. Fleet Financial Group, Inc. Bank of America: 1996 Wells Fargo Corp. First Interstate Bancorp: Wells Fargo Corp. Wells Fargo: 1996 Union Bank Bank of California: Union Bank of California: $25 billion Union Bank N.A. 1996 Chemical Banking ...
King began his career in BB&T's Management Development Program in 1972 and has served in many roles, including manager of its Central and Metropolitan regions, Raleigh city executive, Charlotte business services manager, Statesville consumer lending manager, and banking manager for BB&T's branch network.
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 .
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Susquehanna Bank was founded in 1901 as the Farmers National Bank of Lititz. In 1972 this bank changed its name to Farmers First Bank, and beginning in the 1970s it began to acquire other banks in the region, establishing Susquehanna Bancshares as its holding company in 1982 [1] and expanding its reach into the states south of Pennsylvania beginning in the late 1980s. [2]
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