Winston-Salem-based BB&T Corp. and Atlanta’s SunTrust Banks Inc. will become Truist Financial Corp. as of midnight, closing out this year’s largest — and most talked about — bank merger.
The new bank will be headquartered in Charlotte. The companies, billing the transaction as a merger of equals, valued the all-stock deal at $66 billion. Federal regulators signed off on the deal in November.
BB&T shares will become Truist shares and trade under the TFC ticker symbol. SunTrust shareholders…
Atlanta Business Journal
BB&T-SunTrust merger creating Truist Financial set to close