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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.
In March 2022, the bank closed five Charlotte-area branches because of overlap following the BB&T and SunTrust merger that formed Truist in 2019. In total, Truist planned to close 800 branches .
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] Up until 2008, the CEO was John A. Allison IV. In 2020, Truist Financial acknowledged and apologized for the company's historic connections to slavery.
PNC Financial Services: Pittsburgh, Pennsylvania: $565 7.4% $61.68 PNC 9 TD Bank, N.A. Cherry Hill, New Jersey [a] $560 7.0% $100.30 TD 10 Truist Financial: Charlotte, North Carolina: $523 7.0% $49.24 TFC 11 Capital One: McLean, Virginia: $486 7.6% $49.94 COF 12 Charles Schwab Corporation: Westlake, Texas: $466 7.0% $125.39 SCHW 13 The Bank of ...
Central Carolina Bank and Trust merged with SunTrust Banks of Atlanta, Georgia in 2005, which in turn merged with BB&T to form Truist Financial. [1] Its headquarters was the historic 17-story Hill Building in North Carolina.
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550 South Tryon and The Westin Charlotte The Honeywell Tower, Honeywell's Global headquarters Truist Center, Truist Financial's headquarters in Charlotte. As of 2021 Uptown Charlotte employs 120,000 people [48] across 33 million square feet of office space, [1] hosts more than 18 million visitors a year, and is home to 35,000 residents. [1] [49]