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Truist intended to close 800 branches by the first quarter of 2022, and office consolidation would reduce space by 4.8 million square feet. [4] On September 5, 2021, former SunTrust Banks' CEO Bill Rogers became chief executive officer of Truist Financial Corporation. Truist said it had completed changing signs on branches February 22, 2022.
As of September 2016, SunTrust Bank operated 1,400 bank branches and 2,160 ATMs across 11 southeastern states and Washington, D.C. [3] The bank's primary businesses included deposits, lending, credit cards, and trust and investment services. Through its various subsidiaries, the company provided corporate and investment banking, capital market ...
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On December 11, 2019, Truist officially exercised its option to purchase Hearst Tower in downtown Charlotte from Cousins Properties. Truist moved its corporate headquarters to Hearst Tower, which was renamed Truist Center. [20] Truist had taken over 550,000 square feet (51,000 m 2) of 965,000 square feet (89,700 m 2) total. [21]
The banks that closed the largest number of branches last year were some of the biggest: Wells Fargo (287), PNC (241), US Bancorp (220), and Truist (122). But PNC this year announced it will be ...
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.
Truist Financial: 1995 Fleet Financial Group, Inc. Shawmut National Corp. Fleet Financial Group, Inc. Bank of America: 1996 Wells Fargo Corp. First Interstate Bancorp: Wells Fargo Corp. Wells Fargo: 1996 Union Bank Bank of California: Union Bank of California: $25 billion Union Bank N.A. 1996 Chemical Banking Corp. Chase Manhattan Corporation
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