The Federal Reserve Board on Tuesday approved the application by BB&T Corp. of Winston-Salem, North Carolina, to merge with SunTrust Banks, Inc. of Atlanta, Georgia. The merged entity will be called Truist Financial Corp. Upon completion of the merger, Truist …
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 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 …
BB&T IHC International Ltd. has acquired a 16.9 percent interest in Miller Insurance Services LLP, the London-based specialist wholesale insurance broking firm. BB&T, which owns the world’s sixth largest insurance broking business, acquired its stake from Willis Group Holdings plc, …
BB&T Corp., a major regional bank and insurance broker based in Winston-Salem, N.C., said it completed the previously announced acquisition of insurance businesses from Roseland, N.J.- based insurance wholesaler Crump Group. BB&T said the deal creates the largest independent wholesale …
North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group. Under the terms of the agreement, BB&T said it will pay $570 million in cash for Crump Property/Casualty Insurance Services …
BB&T Insurance Services has promoted David Owen to director of commercial lines and BB&T Insurance Services’ at its Fort Myers, Florida office. Owen will also continue as the branch manager of BB&T’s Cape Coral office and will oversee all commercial …
