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Anonymous ID: ee22c9 Feb. 7, 2019, 1:14 p.m. No.5069744   🗄️.is 🔗kun

BB&T to buy SunTrust in all-stock deal worth $66 billion that will create the sixth-largest US bank

 

BB&T and SunTrust announced a $66B merger. Here's what three experts say that means for the financial sector

BB&T and SunTrust announced a $66B merger — Here's what three experts say that means for the financial sector

50 Mins Ago | 02:03

 

BB&T will buy SunTrust Banks for about $28 billion in an all-stock deal, the regional lenders said on Thursday, creating the sixth largest U.S. lender in the biggest bank deal since the 2007-2009 financial crisis.

 

The combined company will operate under a new name and have around $442 billion in assets, $301 billion in loans and $324 billion in deposits, and will rival U.S. Bancorp that has about $467 billion in assets.

 

Its footprint will cover the East Coast, with new corporate headquarters to be situated in Charlotte, North Carolina. The combined company will retain operations in Winston-Salem, North Carolina, and Atlanta, Georgia, the home markets for both companies.

 

https://www.cnbc.com/2019/02/07/bbt-and-suntrust-to-combine-in-an-all-stock-merger-of-66-billion.html