Federal Reserve Board approves BB&T, SunTrust deal with conditions
The Federal Reserve Board approved the merger of BB&T Corp. and SunTrust Banks, which includes the divestiture of 30 bank branches First Horizon will purchase.
There are 4 article(s) tagged SunTrust Banks Inc.:
The Federal Reserve Board approved the merger of BB&T Corp. and SunTrust Banks, which includes the divestiture of 30 bank branches First Horizon will purchase.
BB&T shareholders approved the merger of equals between BB&T and SunTrust and Truist Financial Corporation as the new name of the combined company on BB&T Wednesday.
SunTrust Banks and BB&T announced Thursday that BB&T will purchase SunTrust for $28.24 billion in an all-stock deal.
Increases in revenue and net interest income fueled a solid quarter and year of growth for SunTrust Banks, the third-largest bank in Memphis by deposit share.
About 4 results