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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 ...
Since 2019, Voorhees has been a director at Truist, a merger between BB&T and SunTrust Banks. He is also chair of the Compensation and Human Capital Committees and a member of the Audit and Executive Committee. [10] [11] In 2021, Voorhees received the Robert T. Gair Award for lifetime achievement in the paper and packaging industry. [12]
Truist moved its corporate headquarters to Hearst Tower, which was renamed to Truist Center. [102] Truist had taken over 550,000 square feet (51,000 m 2) of 965,000 square feet (89,700 m 2) total. [103] The bank announced the deal was completed March 31, 2020. However, due to the COVID-19 pandemic, further actions will be delayed. [104]
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
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Allison is a major contributor to the Ayn Rand Institute (ARI) and assigned Rand's Atlas Shrugged to all of his senior executives. [5] Calling Atlas Shrugged "the best defense of capitalism ever written", Allison has seen to it that "the BB&T Charitable Foundation has given 25 colleges and universities several million dollars to start programs devoted to the study of Rand's books and economic ...
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 ...