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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.
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The merger closed on December 6, 2019. On that day, SunTrust Bank merged into BB&T's banking unit, Branch Banking and Trust Company, forming Truist Bank as the merged company's legal banking entity.
On June 12, BB&T and SunTrust announced that the merged company would be called Truist Financial Corporation. This name resulted from research that included hiring Interbrand, seeking opinions of employees of both banks, and focus groups . [12]
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LightStream is an American online lender that is a division of Truist Bank. Truist was formed in December 2019, as the result of a “merger of equals” between SunTrust Bank (of which LightStream was a division) and BB&T.
That notice was still active on Sunday, Nov. 5, for Bank of America customers who logged in online to their accounts. Charlotte-based Truist made a similar statement to its customers: “Some ...
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Fifth Third Bank. Fifth Third Bank ( 5/3 Bank ), the principal subsidiary of Fifth Third Bancorp, is an American bank holding company headquartered in Cincinnati, Ohio. Fifth Third is one of the largest consumer banks in the Midwestern United States . Fifth Third's client base spans retail, small business, corporate, and investment clients.