BB&T and SunTrust to Rebrand as Truist

BB&T and SunTrust to tebrand as Truist following their merger. The new entity will form the sixth largest bank in the U.S.

BB&T, SunTrust CEOs Discuss Merger of Equals at Fed

BB&T Chairman and CEO Kelly S. King and SunTrust chairman and CEO William H. Rogers, Jr., spoke at a joint public meeting of the Federal Reserve Board and the Federal Deposit Insurance Corporation on the proposed merger of equals between BB&T and SunTrust Banks.

BB&T Cleared of Money Laundering Charges

The Board of Governors of the Federal Reserve System has terminated its Cease and Desist Order with BB&T related to BB&T’s anti-money laundering (AML) program. No money laundering activity was identified and no financial penalty was levied in relation to this order.

Federal Reserve to Host Public Meetings on BB&T/SunTrust Merger

The Federal Reserve Board and the FDIC will jointly hold two public meetings on the proposed merger of BB&T and SunTrust Banks.

BB&T, SunTrust to Merge in $66B Deal

SunTrust Bank and BB&T signed a definitive agreement to combine in an all-stock merger of equals valued at approximately $66 billion. The combined company will be the sixth-largest U.S. bank based on assets and deposits.

BB&T Provides $20MM Term Loan, Increases Credit Line for Synalloy

BB&T refinanced Synalloy’s asset-based revolving line of credit, increasing the line from $80 million to $100 million and creating a new $20 million five-year term loan.

BB&T Names Grover Head of Corporate Banking Energy Team

BB&T named banking veteran and Executive Vice President Mark Grover to lead its Corporate Banking Energy team. He succeeds Jeff Forbis, who is retiring after starting and leading the group for more than seven years.

BB&T Realigns Executive Digital and Operational Roles

BB&T Corporation announced Senior Executive Vice President Dontá Wilson has been named chief digital and client experience officer.

Wells Fargo Upsizes Realty Income Facility to $3.25BB

Realty Income has closed on an amended $3.25 billion credit facility. Wells Fargo served as administrative agent for the transaction.

BB&T Makes $5MM Investment in Fintech Company Enigma

BB&T made a $5 million investment in Enigma, a DaaS company headquartered in New York City. This is the first outlay of BB&T’s previously announced $50 million fintech commitment.