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An American bank holding company headquartered in Charlotte, North Carolina.
Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; bankcard lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, health, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services. In addition, it offers association, capital market, institutional trust, insurance premium and commercial finance, international banking, leasing, merchant, commercial deposit and treasury, government finance, commercial middle market lending, small business and student lending, floor plan and commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending, and supply chain financing services. Further, the company provides corporate and investment banking, retail and wholesale brokerage, securities underwriting, and investment advisory services. As of December 31, 2021, the company operated through 2,517 banking offices. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.
Truist Financial Corporation, formerly known as BB&T Corporation and Branch Banking and Trust Company, is an American bank holding company created in 2019 through the merger of BB&T and SunTrust Banks. With the merger completed, Truist Financial Corporation is the 6th largest bank and the 8th largest bank holding company in the United States, with offices in 15 states, Washington D.C., and the U.S. Virgin Islands. The two predecessor bank holding companies were founded in the early 19th century. BB&T was founded in 1872. SunTrust Banks was founded as The Trust Company of Georgia in 1891. The two companies had a total asset size of $450 billion at the time of the merger. In October 2018, BB&T and SunTrust announced that they had reached an agreement to merge, following the approval by the boards of both companies. The merger resulted in the creation of Truist Financial on December 6, 2019, after BB&T was acquired by SunTrust in an all-stock merger, creating the sixth largest U.S. bank holding company. The merger was approved by the boards of both companies in June 2019, as well as by the U.S. Department of Justice, the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Securities and Exchange Commission. The merger was finalized on December 6, 2019. As a result of the merger, BB&T's operations shifted to the Truist name and SunTrust's branding was renamed to "Truist Bank," both sites operate under the updated Truist Bank name. The merged company has established its headquarters in Charlotte, North Carolina and will operate under a new brand name, Truist.
Truist Financial's mission is to provide our customers with the products and services necessary to help them reach their goals and dreams.
Truist Financial's vision is to be a community-focused, customer-driven financial services provider dedicated to leading our clients and communities forward.
Read More:
https://en.wikipedia.org/wiki/Truist_Financial
https://www.zippia.com/bb-t-careers-1381/
https://www.companieshistory.com/truist-financial-corporation/
https://sec.report/CIK/0000092230
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.globaldata.com/company-profile/truist-financial-corp/
https://finance.yahoo.com/quote/TFC/profile/
https://www.forbes.com/companies/truist-financial/?sh=5d174ae371ac
https://www.bloomberg.com/profile/company/TFC:US#xj4y7vzkg
