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In June 2020 BB&T Insurance Holdings rebranded as Truist Insurance Holdings and moved its headquarters to Charlotte, North Carolina inside the Truist Center, Truist's corporate headquarters. [82] Insurance services has been an important area of growth for Truist. In 2020 it accounted for 10% of Truist's revenue.
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 Truist Center is a 47-story, 659 feet (201 m) skyscraper in Uptown Charlotte, North Carolina. [1] The city's third tallest building, it is located along North Tryon Street . It was opened on November 14, 2002, and was the city's second tallest building, [ 4 ] and was known as the "Hearst Tower" until 2019.
The sale is expected to bolster the Charlotte bank’s balance sheet and comes months after Truist announced “sizable” layoffs were coming. Truist selling stake in insurance brokerage business ...
Truist Financial's (TFC) subsidiary, Truist Insurance Holdings, agrees to acquire BenefitMall from funds managed by Carlyle.
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In the second quarter of 2024, there were 3,985 commercial banks and 554 savings and loan associations in the U.S. insured by the Federal Deposit Insurance Corporation (FDIC) with US$23.9 trillion in assets. [1]
Truist Financial; TW Garner Food Company; US Legend Cars; Valencell; Virtual Heroes; Vontier; Wells Fargo (Wells Fargo Securities) Wheatstone Corporation; Wolfspeed; Wood Brothers Racing; WORX (North American headquarters) Wyndham Capital Mortgage; Yep Roc Records; Zaloni