BB&T and SunTrust Receive Regulatory Approvals for Merger of Equals to Form Truist
Wednesday, January 8, 2020
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Posted by: Terri Brustad
SunTrust and BB&T have met regulatory approval from the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation to complete the previously announced merger and become Truist Financial Corporation. Truist will be the sixth largest U.S. commercial bank.
Clients will continue to be served through current brands until system conversion.