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Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. [6] 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 ...
In 1995, the bank acquired Loyola Federal Savings and Loan of Maryland for $251 million in stock. [7] [8] The bank also acquired 6 branches in Maryland from Chase Bank. [9] In Jan 20 1995, Jefferson Savings & Loan, headquartered in Warrenton, VA, was acquired by Crestar Financial Corp, [10] In 1996, the bank acquired Citizens Bank of Maryland.
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Central Carolina Bank and Trust (CCB) was a bank headquartered in Durham, North Carolina. It began in 1961 with the merger of Durham Bank & Trust and University National Bank of Chapel Hill, North Carolina. Central Carolina Bank and Trust merged with SunTrust Banks of Atlanta, Georgia in 2005, which in turn merged with BB&T to form Truist ...
Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980–1994," Washington: Board of Governors of the Federal Reanuary 1996. (Staff study 169) Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176)
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Truist unveiled its logo in January 2020, with two Ts representing touch and technology, and a shade of purple combining the blue of SunTrust and the burgundy of BB&T. [23] In November 2020, the bank used helicopters to lift up four signs to the top of the former Hearst Tower. The "Truist" wordmark appears on the North Tryon Street and North ...