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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.
FDIC insurance covers up to $250,000 on individual deposit accounts in the event that the bank fails. That’s why many people prefer to keep their bank account balances under $250,000 .
Truist announced plans to relocate the bank's executive team, corporate communications, finance, human resources, insurance, legal, technology, and risk management to the building. The bank will move in phases in August 2020 and lasting until June 2021. [32] The bank plans to have as many as 2,000 in the building. [28]
The bank's most direct corporate parent was established in 1891 in Atlanta, where it was headquartered. 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 ...
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The Charlotte-based bank detailed the moves at an investors conference on Monday. Truist bank discloses plans for ‘sizable’ layoffs as part of $750 million in cuts Skip to main content
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1996 FED Commercial Bank Examination Manual [7] (Section 4090, Interest-Rate Risk, has been completely revised.) 1996 FED Bank Holding Company Supervision Manual [8] (section 2127) This had a minor update in 2010 discussing the 2010 interagency advisory on interest-rate risk management.