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Truist intended to close 800 branches by the first quarter of 2022, and office consolidation would reduce space by 4.8 million square feet. [4] On September 5, 2021, former SunTrust Banks' CEO Bill Rogers became chief executive officer of Truist Financial Corporation. Truist said it had completed changing signs on branches February 22, 2022.
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.
SunTrust: National Commerce Financial: SunTrust: $6.98 Billion [33] Truist Financial: 2004 Wachovia: SouthTrust: Wachovia: $14.3 billion Wells Fargo: 2005 PNC Bank: Riggs Bank: PNC Bank: $0.78 billion [34] PNC Financial Services: 2005 Capital One Financial Corporation: Hibernia National Bank: Capital One Financial Corporation: $4.9 Billion [35 ...
It was formed in 2019 as a merger between BB&T and SunTrust banks. Truist -- one of the nation's largest financial institutions -- has acquired Long Game, a 12-person fintech startup that has ...
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 ...
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 .
SunTrust Banks is the holding company and publicly traded side of SunTrust Bank, one of the country's biggest regional banks. SunTrust primarily does three kinds of banking: consumer banking and ...
He was previously chairman and chief executive officer of Atlanta-based SunTrust Banks. 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 ...