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Due to delays related to the COVID-19 pandemic, Truist announced in April 2021 that core conversion to combine the branches will be performed in early 2022. [101] However, on the day the merger closed, SunTrust Bank merged into Branch Banking & Trust Company, forming Truist Bank as the merged company's legal banking entity.
Truist Bank has agreed to pay the U.S. $9,125,000 to resolve allegations related to the handling of certain trust accounts by SunTrust Bank from December 2011 through December 2015.
Berks County Trust Company. Wyomissing Valley Bank, Temple State Bank, Mount Penn Trust Company, Reamstown Exchange Bank, Schuylkill Trust Company. Berks County Trust Company (1964 as American Bank and Trust Co or American Bankcorp) Wells Fargo. 1964. National Bank of Commerce. Texas National Bank.
The new Truist bank brand, the name taken by the recently merged BB&T Corp. and SunTrust Banks Inc., went up Friday on a downtown Baltimore office tower and will spread in coming months to ...
Due to delays related to the COVID-19 pandemic, Truist announced in April 2021 that core conversion to combine the branches would be performed in early 2022. [19] However, on the day the merger closed, SunTrust Bank merged into Branch Banking & Trust Company, forming Truist Bank as the merged company's legal banking entity.
Chase Bank confirmed to CNN it too was having problems with delays on some of its direct deposits. The Charlotte Observer contacted Bank of America, Truist and Wells Fargo for comment.
In 2019, regulators approved the merger of BB&T and SunTrust, creating a new institution to be called Truist. [6] King remains CEO and chairman of Truist. [7] In October 2019, the Triad Business Journal named him one of the year's "Power Players" in business. [8] He retired as the CEO in 2021 and Executive Chairman of Truist in 2022. [9]
As of January, Charlotte, North Carolina-based Truist was the sixth largest bank in the U.S., with $488 billion in assets. It was formed in 2019 as a merger between BB&T and SunTrust banks.