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BB&T, SunTrust merger completed, now Truist

BY KAYLA ROBINS kayla@theitem.com
Posted 12/11/19

Sumter's BB&T banking customers are now part of Truist.

Truist Financial Corp., now the sixth-largest U.S. commercial bank that serves about 10 million consumer households and a range of business clients, announced on Monday the completion of the …

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BB&T, SunTrust merger completed, now Truist

Posted

Sumter's BB&T banking customers are now part of Truist.

Truist Financial Corp., now the sixth-largest U.S. commercial bank that serves about 10 million consumer households and a range of business clients, announced on Monday the completion of the merger of equals between BB&T Corp. and SunTrust Banks Inc.

For now, clients will continue to be served through their respective BB&T or SunTrust branches, websites, mobile apps, financial advisers and relationship managers, according to the new megabank that boasts 275 years of combined history. Clients of one can now use ATMS of the other to make withdrawals without incurring out-of-network fees.

The transition to the full Truist experience will occur as systems are integrated over the next two years. Bank officials say there will be no merger-related changes to account numbers or routing numbers for checking, savings and money market accounts for the "vast majority of clients."

"We have much work ahead of us, but we're well-positioned to create meaningful change for the clients we serve and the communities where we live and work," Truist President and Chief Operating Officer Bill Rogers said.

The merger of equals was announced on Feb. 7, and final regulatory approvals were received on Nov. 19.

BB&T was based in Winston-Salem, North Carolina, and SunTrust was headquartered in Atlanta, Georgia, home of the Atlanta Braves' home field that opened its doors less than five years ago with SunTrust as its namesake. According to the Atlanta Journal-Constitution and The Associated Press, it could take up to the full two years for the old brand names to be replaced on larger properties such as the park.

Truist's headquarters are now in Charlotte, North Carolina.

More information can be found at customers' respective banking websites or at www.Truist.com.