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The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks. [1] [8] [9] Its bank operates 2,781 branches in 15 states and Washington, D.C., offering consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. [3]
Drawbacks of online and digital banking. No in-person service. If you’re used to clearing up issues by walking into your local bank branch, lack of a personal touch can be a deal-breaker.
SunTrust Banks, Inc. was an American bank holding company with SunTrust Bank as its largest subsidiary and assets of US$199 billion as of March 31, 2018. [2] The bank's most direct corporate parent was established in 1891 in Atlanta , where it was headquartered.
Truist was formed in December 2019, as the result of a “merger of equals" between SunTrust Bank (of which LightStream was a division) and BB&T. [2] Debuting in March 2013, LightStream is a financial services technology company that provides unsecured, personal loans to people with good credit rating, through a digital process.
Account Monitoring and Alerts: Online banks keep a watchful eye on your account activity and will send you real-time text alerts (you have to opt in) of things like withdrawals and transfers, so ...
SoFi is a personal finance company and online bank with products that include checking and savings accounts. Like Axos Bank, SoFi allows its customers to deposit cash at retail locations that ...
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