BB&T And SunTrust Receive Regulatory Approvals For Merger Of Equals

BB&T Corporation (NYSE:BBT) and SunTrust Banks, Inc. (NYSE:STI) today announced receipt of regulatory approvals from the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance

Benzinga · 11/19/2019 21:38

BB&T Corporation (NYSE:BBT) and SunTrust Banks, Inc. (NYSE:STI) today announced receipt of regulatory approvals from the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation to complete the previously announced merger of equals and become Truist Financial Corporation. Upon completion of the merger, Truist will be the sixth largest U.S. commercial bank, serving approximately 10 million U.S. consumer households and a full range of business clients, with leading market share in many of the most attractive, high-growth markets in the country.