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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 .
BB&T Corporation (previously known as the Branch Banking and Trust Company) was one of the largest banking and financial services firms in the United States, based in Winston-Salem, North Carolina. In 2019, BB&T announced its intentions to merge with Atlanta -based SunTrust Banks to form Truist Financial , which retains BB&T's stock price ...
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 Financial. [1] Its headquarters was the historic 17-story Hill Building in North Carolina.
As of last year, Truist had more than 50,000 workers throughout the U.S., including more than 3,000 workers in the Charlotte area. Truist is headquartered at 214 N. Tryon St. Show comments
BB&T Financial Center is a 340-foot (100 m) postmodern green glass and steel skyscraper at 200 West 2nd Street and is the 2nd tallest building in Winston-Salem, Forsyth County, North Carolina, United States [2] with 271,445 square feet (25,218.1 m 2) of space. [3] It was completed in 1987 and has 21 floors. [2]
In December 2019, Charlotte-based Truist was created through a merger of equals between SunTrust and Winston-Salem-based BB&T. Truist is currently the sixth largest U.S. bank, and the merger was the biggest bank deal since the 2007–2008 financial crisis. Rogers became president and chief operating officer of Truist after the merger, and he ...
UCB was North Carolina's eighth-largest bank with assets of $3.7 billion. However, other banks in the state were doing a better job of growing through mergers. [1] In 1997, Southern National Corp. of Winston-Salem, North Carolina, which operated as BB&T, acquired UCB in a $985 million deal.
Wilson is a city in and the county seat of Wilson County, North Carolina, United States. It is the 23rd most populous city in North Carolina . [ 4 ] Located approximately 40 mi (64 km) east of the capital city of Raleigh , it is served by the interchange of Interstate 95 and U.S. Route 264 .