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Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. [7] The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks.
If you live near a BB&T branch — which you can determine using the bank’s locator — one of the easiest ways to apply is to visit the branch in person. Simply let them know you’re there for ...
BB&T sold Liberty Bonds during World War I and grew to have more than $4 million in assets by 1923. BB&T Insurance Services was added in 1922 and a mortgage division was added in 1923. Even though banks across the United States failed as a result of the 1929 Stock Market Crash, BB&T survived; it was the only one to do so in the town of Wilson. [5]
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.
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The merged bank did business as CCB in North Carolina, [10] and as National Bank of Commerce in the remainder of its footprint. As a result of the First Union-Wachovia merger, 25 branches of the former First Union and Wachovia banks became CCB locations on February 15, 2002. CCB would remain number three behind BB&T and Wachovia. National ...
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In 1997, Southern National Corp. of Winston-Salem, North Carolina, which operated as BB&T, acquired UCB in a $985 million deal. [3] [5] Starting September 22, 1997, 91 UCB branches began the process of changing to BB&T, and 67 other branches of the two banks closed starting in October because they were close to other BB&T locations.