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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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List of largest banks in the United States. The following table lists the 100 largest bank holding companies in the United States ranked by total assets of December 31, 2023 per the Federal Financial Institutions Examination Council; their market capitalization is also shown.
Truist Financial Corp. plans to close 11 branches across the D.C. region early next year, including the one located at 11100 South Lakes Drive in Reston. (Google Maps)
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 ...
Truist bank plans to close more branches in the Charlotte region, as well as elsewhere in North Carolina, as the bank grapples with $750 million in companywide cuts, including layoffs.