bank-owned insurance agency News

BB&T, SunTrust to Rebrand as Truist; North Carolina Headquarters Announced

BB&T Corporation and SunTrust Banks, Inc., will rebrand as Truist after the two companies combine through their planned merger, announced earlier this year. According to the companies, Truist will be the sixth-largest U.S. bank holding company serving more than 10 …

SunTrust and BB&T Banks to Merge

SunTrust Banks and BB&T Corp. announced that both companies’ boards of directors have unanimously agreed to merge the two financial services firms in an all-stock merger of equals valued at approximately $66 billion. The combined company will be the sixth-largest …

TowneBank Acquires North Carolina’s Stanton Taylor Agency

Hampton Roads, Virginia-based TowneBank has acquired the Stanton Taylor Agency, a Raleigh, North Carolina agency that provides insurance and risk management services throughout Raleigh and eastern North Carolina. The agency will be affiliated with Towne Insurance Agency, a wholly-owned subsidiary …