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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
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 .
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 ...
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 bank announced the deal was completed March 31, 2020. However, due to the COVID-19 pandemic, further actions would be delayed. [22]
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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 .
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