Truist Bank

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Truist Bank, organized as the Truist Financial Corporation (NYSE: TFC), is the 9th-largest bank in the United States with $514 billion in assets and 2,781 branches in 15 states and Washington, D.C. It is headquartered in Charlotte, North Carolina.

It was founded in 2019 as a result of the merger of Winston-Salem's BB&T and Atlanta, Georgia's SunTrust

BB&T (which stands for "Branch Banking and Trust") entered the Birmingham District with a de novo branch at 2204 Lakeshore Parkway in Homewood. On August 15, 2009, it was announced that the deposits and loan accounts of Colonial Bank were being transferred to BB&T as part of Colonial's receivership by the FDIC. This acquisition added over 340 branches in Alabama, Florida, Georgia, Nevada and Texas along with approximately $26 billion in assets. At the time of the merger, BB&T was the nation's 8th largest bank. It operated 87 branches in Alabama, with 22 of them in the Birmingham area, holding $1.2 billion in local deposits.


Birmingham locations

Truist Bank has 23 offices in the metropolitan Birmingham area:

References

  • Little, Jane (February 7, 2019) "BB&T merging with SunTrust, establishing HQ in Charlotte." Triad Business Journal

External links