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Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. [6] The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks.
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.
In 1995, the bank acquired Loyola Federal Savings and Loan of Maryland for $251 million in stock. [7] [8] The bank also acquired 6 branches in Maryland from Chase Bank. [9] In Jan 20 1995, Jefferson Savings & Loan, headquartered in Warrenton, VA, was acquired by Crestar Financial Corp, [10] In 1996, the bank acquired Citizens Bank of Maryland.
Central Carolina Bank and Trust (CCB) was a bank headquartered in Durham, North Carolina. It began in 1961 with the merger of Durham Bank & Trust and University National Bank of Chapel Hill, North Carolina. Central Carolina Bank and Trust merged with SunTrust Banks of Atlanta, Georgia in 2005, which in turn merged with BB&T to form Truist ...
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