SunTrust Banks, BB&T to merge in $66 billion all-stock deal

By , Daily Memphian Updated: February 07, 2019 11:24 AM CT | Published: February 07, 2019 10:29 AM CT
<strong>SunTrust Banks and BB&amp;T Corp. announced Thursday that BB&amp;T will purchase SunTrust for $28 billion in an all-stock deal, creating the sixth-largest U.S. bank based on assets and deposits.</strong> (Daily Memphian file)

SunTrust Banks and BB&T Corp. announced Thursday that BB&T will purchase SunTrust for $28 billion in an all-stock deal, creating the sixth-largest U.S. bank based on assets and deposits. (Daily Memphian file)

SunTrust Banks and BB&T announced Thursday that BB&T will purchase SunTrust for $28.24 billion in an all-stock deal.

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Topics

BB&T Corp. SunTrust Banks Inc.
Natalie Martin

Natalie Martin

Natalie Martin is a Memphis native and 2018 graduate of the University of Memphis. She is a digital desk designer for The Daily Memphian.


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