BB&T and SunTrust Agree to Merge to Form a Southern Banking Giant

Posted on 02/07/2019


SunTrust Banks, Inc. and BB&T Corporation announced y that both companies’ boards of directors have unanimously approved a definitive agreement to combine in an all-stock merger of equals valued at approximately US$ 66 billion. Operating under a new name, the combined company will be the sixth-largest U.S. bank based on assets and deposits. The combined […]