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SunTrust had been the last major bank headquartered in Atlanta, which had been the South's financial capital for much of the 20th century. 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.
The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks. [1] [7] [8] Its bank operates 1,928 branches in 15 states and Washington, D.C., offering consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. [3]
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. [ 2 ] Debuting in March 2013, LightStream is a financial services technology company that provides unsecured , personal loans to people with good credit rating , through a digital process.
He was previously chairman and chief executive officer of Atlanta-based SunTrust Banks. In December 2019, Charlotte-based Truist was created through a merger of equals between SunTrust and Winston-Salem-based BB&T. Truist is currently the sixth largest U.S. bank, and the merger was the biggest bank deal since the 2007–2008 financial crisis ...
Humann began his career at SunTrust Banks in 1969. [1] He was its president from March 1992 to December 2004. [3] He served as its chief executive officer from March 1998 to December 2006, and as its chairman from March 1998 to April 2008.
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 ...
By October 1999, Vague resigned as head of Bank One's credit card operations [18] after the credit card unit under-performed, which had impacted the bank's expected earnings by 15%. [19] In 2000, Vague and former Bank One executive James Stewart founded Juniper Bank. Juniper Bank became Barclaycard US when it was acquired by Barclays in 2004. [20]
200 South Orange, formerly known as the SunTrust Center and Sun Bank Center, is a skyscraper located in the Central Business District of Orlando, Florida. Rising to 441 ft (134.4 m), it is the tallest multi-story building in Orlando and Central Florida outside of Tampa and St. Petersburg. Completed in 1988, it has 35 stories and 30 floors of ...
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